Section 33(2) in Punjab Panchayat Samitis and Zila Parishads Finance, Budget and Accounts Rules, 2014
(2)When payment is received by means of a banking instrument i.e. cheque, pay order and demand draft etc. drawn on the Treasury, the instrument shall be endorsed by the Executive Officer of the Panchayat Samiti or the Chief Executive Officer Zila Parishad, as the case may be, in whose favour it is drawn with the words" Received payment by transfer credit" to the Panchayat Samiti or Zila Parishad, as the case may be,
