Consolidated Fund of India (CFI)
- All revenues (taxes, receipts) from Railway, post office, PSU etc are credited to CFI. All loans, Treasury Bills also credited.
- Most expenditures for conduct of business are debited from this fund.
- Parl must authorize.
Contingency Fund of India
- at disposal of President
- money used to provide immediate relief to victims of natural calamity and to implement new policy decision takes by govt
- money spent is recouped with CFI to ensure Contingency Fund stays intact
- corpus: 30,000cr (500cr until 2020-2021)
Public Account of India
- all money other than which goes to CFI
- sale of certificates, GPF, PPF, Security deposits etc
- Govt acting as Trustee and refunds money after completion of event