Administration Manual - B.E.S.T. Undertaking.

8.7.36.1 Reconciliation Statement of Balance of Consumers Deposit on 31 st
March of every year:
This statement is prepared on the following lines:
1) Opening Balance as on 1 st April ____________
2) Add deposits received during the
Year. ____________
3) Less Deposits adjusted against
Outstandings etc. _____________
4) Balance as on 31 st March of each
Year. _____________
The Consumers Department extends the closing balances in the
Consumers Deposit Register and a consolidated balance is arrived at is
shown at (4) above. The opening balance as on 1 st April of the last year
is shown as at (1) above. For Deposit received during the Financial
Year are
shown as at (2) above. The amount of adjustments of consumers
deposit against the outstandings as recorded in the Consumers
Deposit Adjustment Register is shown as at (3) above.
Any other adjustments are checked with relevant J/E advices. After
checking the statement with relevant records, the closing balance as
shown in the statement is tallied with the figures of the Accounts
Department.
8.7.36.2 I.D. regarding Interest accrued on Deposits:
As per Supply Code which has come into existence from 20.1.2005, which is approved
by the Government Maharashtra and MERC, interest at “bank rate” declared by the
R.B.I. is paid to the consumers. In cases of deposits obtained in respect of temporary
illumination and for reinstatement of trenches, no interest is paid as the deposits held
are of a temporary nature. The Consumers Department calculates accrued interest for
the financial year and submits the figure to the Accounts Department. For this purpose
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