NPS Contribution under Revenue Classification and Capital Classification
NPS
Booking of expenditure towards Interest on delayed/non-deposit of National Pension System (NPS) Contributions
GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)
RBA No.78/2019
No.2019/AC-II/21/6
New Delhi, dated 05.09.2019
1. General Managers/FA&CAOs etc (As per standard List I)
2. All attached offices/Subordinates offices (As per standard List II)
Sub: Booking of expenditure towards Interest on delayed/non-deposit of National Pension System (NPS) Contributions.
Advanced Correction Slip No.144 modifying/introducing the existing/new detailed head under Sub Major Head 11 (erstwhile D.No. 13/Abstract 0) for booking of Revenue expenditure towards Interest on delayed /non-deposit of NPS Contributions and introduction of new Primary Unit for booking Interest on delayed/non-deposit of NPS contribution in both Revenue and Capital Expenditure in Indian Railway finance Code Vol.II (Second Reprint 2008) is enclosed for necessary action.
Contents of the correction slip may please be circulated suitably. Kindly acknowledge receipt.
sd/-
(Sanjeev Sharma)
Director Finance/Accounts
Railway Board
Advance Correction Slip No.144
Indian Railway Finance Code Vol.II (Reprint Edition 2008)
I. Please modify/introduce the detailed head under Sub Major Head 11 (erstwhile Demand No.13/Abstract O) as under:
| Minor Head | Sub Head | Detailed Head |
| 100 Govt. Contribution for Defined Contribution Pension Scheme | 110 Govt Contribution for Defined Contribution Pension Scheme and Interest | 111 Government Contribution for Defined Contribution Pension Scheme.112 Interest on delayed/ non-deposit of NPS Contribution |
II. Please introduce the following new Primary Unit for booking interest on delayed/ Non-deposit of NPS contributions under Revenue classification.
54 Interest on delayed/non-deposit of NPS contribution
III. Please introduce the following new Primary Unit for booking interest on delayed/ Non-deposit of NPS contributions under Capital classification.
54 Interest on delayed/non-deposit of NPS contribution
Note:
i. Expenditure on interest on delayed/non-deposit of NPS contributions in case of Capital portion (Construction and Production Units) establishment shall be booked to Primary Unit 54 – Interest on delayed/ non-deposit of NPS contributions under expenditure head to which Government Contribution to Defined Pension Scheme is being charged .
ii. Expenditure on interest on delayed/non-deposit of NPS contributions under Major Head 3001 (erstwhile Demand No. 1& 2) will be booked under Primary Unit 54 – Interest on delayed/ non-deposit of NPS contributions.
(Authority : Board’s Letter No.2019/AC-II/21/6 dated 05.09.2019)
Source: Railway Board