FUNCTIONS OF ACCOUNTS DEPARTMENT
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The Accounts Department of the Railway Administrations is mainly responsible for :
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Keeping the accounts of the Railway in accordance with the prescribed rules;
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The check with reference to Rules or orders (known as “INTERNAL CHECK”) of transactions affecting the receipts and expenditure of Railway;
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Prompt settlement of proper claims against the Railway;
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Tendering as part of its important functions, advice to Administration whenever required or necessary in all matters involving Railway Finance;
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Compilation of Budgets in consultation with other departments and monitoring the budgetary control procedures as may be laid down in the relevant orders and code rules from time to time;
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Generally discharging other management accounting functions such as providing financial data for management reporting, assisting inventory management, participation in purchase/contracting decisions and surveys for major schemes in accordance with relevant rules and orders; and
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Seeing that there are no financial irregularities in the transactions of the Railway.
INSTRUCTIONS TO SUPPLIERS/CONTRACTORS
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Tenderers should furnish their bank details and IFSC code along with their quotations through IREPS portal.
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Bills for payment against the supplies made to ICF may be claimed through IREPS web portal with digital signature along with bank account details and necessary documents as per purchase order. The bills will be processed in IPAS and payments will be arranged to the bank account online. The status of bills may be viewed in IREPS portal. “
