Section 10 in The National Commission for Minority Educational Institutions (Annual Statement of Accounts) Rules, 2006
10. Investments Of Earmarked Funds And Interest Income Accrued On Such Investments. - To the extent not immediately required for expenditure, the amounts available against such funds are invested in approved Securities & Bonds or deposited for fixed term with Banks, leaving the balance in Savings Bank Accounts. Interest received, interest accrued and due and interest accrued but not due on such investments are added to the respective funds and not treated as income of the Institution.
