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State of Madhya Pradesh - Section

Section 25 in The M.P. Gram Panchayats (Accounts) Rules, 1999

25. Closing Bank Balance Certificate.

- A certificate must be obtained from the Bank regarding the closing balance as on 31st March each year which should be compared with the balances in pass book as on that date and annual reconciliation of the bank account(s) shall be prepared to arrive at the aforesaid balance.