Government of India | Ministry of Finance | Department of Expenditure
Central Government Employees Group Insurance Scheme, 1980
Subject: Revised Accounting Procedure (Dated: 17.02.2026)
1. Introduction
The accounting procedure for transactions under the CGEGIS, 1980 has been revised to incorporate all amendments issued since its inception. This ensures a consolidated reference for all stakeholders.
2. Head of Account
Transactions are booked in the Public Account of India under a dedicated minor head. There is no individual accounting under this scheme:
Minor Head: Central Government Employees’ Group Insurance Scheme
3. Deduction and Reporting
- Pay Bills: DDOs must exhibit total subscriptions under the specified minor head in pay bills.
- Annual Schedules: A completed schedule (Annexure A) must be attached to the pay bills for January every year.
- Registers: Pay & Accounts Offices (PAO) maintain a register (Annexure B) to prepare the Annual Report.
4. Disbursement to Beneficiaries
Payments are drawn using separate bills in a simple receipt form (Annexure C). DDOs must specify entitlements separately for the Insurance Fund and the Savings Fund.
5. Reporting Timelines
| Reporting Authority | Submission To | Deadline |
|---|---|---|
| Pay and Accounts Officers (PAO) | Controller of Accounts | 20th February |
| Controllers of Accounts | Chief Controller of Accounts (MoF) | 15th March |
| Chief Controller of Accounts (MoF) | Ministry of Finance | Within 3 months of anniversary |
6. Interest and Fund Apportionment
The Chief Controller of Accounts (MoF) apportioned the total subscription between the Insurance and Savings Funds based on percentages prescribed by the Ministry of Finance. Interest is credited to positive balances quarterly at notified rates.
Source: Office Memorandum No. 9(3)/2024/TA/45, Controller General of Accounts.
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