Section 49(1) in The M.P. Zila Panchayats (Accounts) Rules, 1999
(1)The cashier or store keeper or any other employee of the Zila Panchayat who is entrusted with the custody of cash or store shall furnish security of a minimum amount of Rs. 10,000/- or such higher amount as may be fixed by the Zila Panchayat.
