Section 5 in The Punjab School Education Board Financial Regulations, 1979
5.
(1)All funds and money belonging to the Board shall be kept in the name of the Punjab School Education Board, in the State Bank of India or in such other bank as the State Government may direct. The accounts in the Banks shall be kept under the following heads :-(a)General Account Fund;(b)Provident Fund;(c)Gratuity Fund;(d)Secrecy Fund;(e)Special Endowment Fund;(f)Teacher's Welfare Fund;(g)Any other Account of Fund approved by the Board from time to time.(2)The accounts of the Board shall be kept by the Secretary.
