Section 19 in The M.P. Zila Panchayats (Accounts) Rules, 1999
19. Cash Retention Limit.
(1)The maximum cash in hand should not exceed Rs. 10,000/-. All the excess cash must be deposited on the same day or the next day in the bank accounts.(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.
