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RBI/2014-15/394
DGBA.GAD.No.H -2995/31.12.010/2014-15
January 7, 2015
The Chairman / Chief Executive Officer
All agency banks
Dear Sir / Madam
Payment of agency commission – Certification of claims by external auditors
Please refer to our circular DGBA.GAD.No.2528/31.12.010 (C)/2012-13 dated October 31, 2012 prescribing the format for certification of agency commission claims by external auditors (Chartered Accountants). The certificate to be furnished by the auditors has since been slightly amended. The agency commission claims submitted to our Regional Offices and Central Accounts Section, Nagpur may henceforth be accompanied by a certificate as per the revised format enclosed.
Yours faithfully
(Monisha Chakraborty)
General Manager
Enclo: As below:
CERTIFICATE
BY THE BRANCH OFFICIAL
“Certified that the amount of Rs……. claimed as agency
commission has been arrived at correctly taking into account the number of
transactions in respect of’ receipts’ and ‘pension payments’ and the amount of
transaction in respect of ‘payments other than pension’ as recorded in the
daily scrolls of Government transactions furnished to the accounting
authorities of the Central/ State Governments/RBI and other records available
in the branch and that only eligible items as specified in RBI Master Circular
on “Conduct of Government Business by Agency Banks – Payment of Agency
Commission” have been considered while arriving at the said amount. We
also certify that the number of receipt transactions for which agency
commission is claimed is exclusive of the transactions pertaining to own tax
liabilities of the bank and the taxes deducted at source under various items of
the IT Act
Signature,
name and designation of the authorized signatory and seal of the bank
CERTIFICATE BY THE CHARTERED
ACCOUNTANT
Certified
that we have examined the records relating to the Government
transactions carried out by the branch and that the amount of Rs………….
(Rupees……………..) claimed as agency commission has been audited and found
correct, taking into account the number of transactions in respect of
‘receipts’ and ‘pension payments’ and the value of transactions in respect of
‘payments other than pension’ as recorded in the daily scrolls of
Government
transactions furnished to the accounting authorities of the Central/State
Governments/RBI and other records available at the branch. It is also certified
that the agency commission as aforesaid has been arrived at on the basis of
only eligible transactions as per the extant instructions of RBI and that the
receipt transactions are exclusive of the transactions pertaining to all
tax liabilities of the bank.
Signature,
Name, Registration No. and address of the Chartered Accountant
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