Reference is invited to 0/o CGA's Codes Section Authority no. T-
14018/22/2008/Codes vide which the Correction Slip bearing No. 734 dated 1/10/2012 is
issued and in term of which Deletion of the Minor Head-101-Postal Insurance and Life
Annuity Fund below the existing Major Head '8011-Insurance and Pension Funds was
Further reference is also invited to Codes Section Correction Slips no. 729-733 vide
which various heads of accounts related to creation of Post Office Insurance Fund, Postal Life
Insurance Schemes, its Investment and Income and Expenditure Accounts has been
As per Correction Slips, the minor head 101- Postal Insurance and Life Annuity Fund
has been deleted and the balances lying under minor head 101-Postal Insurance and Life
Annuity Fund' below Major Head '8011-Insurance and Pension Funds' as on 31.10.2009 may
be transferred to Major Head '8014- Postal Life Insurance Schemes-01-Postal Life Insurance
Schemes 101-Net PLI Corpus as on 31.10.2009 The amount booked under Major Head
'8011-Insurance and Pension Funds 101-Postal Insurance and Life Annuity Fund' thereafter
may be transferred to Major Head '8014-01-104' or '8014-02-104' as the case may be.
In the light of recent Code Section's instructions dated 21/1/2014, it must be ensured
that from the financial year 2013-14 onwards no fresh booking will be made under 8011-00-
101 head of accounts. It must also be ensured that that all the booking made under this head
(if any) within financial year (2013-14) may be withdrawn immediately and all the future
SCT must be forwarded without any booking under 8011-00-101 and its counter reflection
under relevant minor heads under 8014.
Prior Period Adjustment proposal to this regard may be forwarded alongwith next
year Finance Accounts SCT for transferring out all the balances lying under Major Head
8011-00.101 as on 31/10/2009 to new head 8014.01.101 and for transferring the balances for
the period 1.1-1.2009 to 31.3.2013 to 8014-01-104 or 8014-02-104 for the period 1/11/2010 to
31/12/2013. The proposed PPA may also includes the provision of transferring out of
balances(if any) reflected under 8014.01.101 (for the purpose of transferring out the balances
other then 31.10.2009) & 8014.01.102 during the last year SCT.
This issues with the approval of Addl. Controller General of Accounts.