Section 19(2) in The M.P. Zila Panchayats (Accounts) Rules, 1999
(2)Deposits of Surplus Funds. - Subject to general or special orders issued by the Government from time to time all the funds of the Panchayat shall be deposited in the Treasury, Bank(s), or Post-office. The General Administration Committee of the Zila Panchayat shall decide the Treasury, Co-operative Bank, Scheduled Bank or Local Post-Office where the funds arc to be kept.
