(1) Every office that has a bond amount shall open an account in the bank designated by the Comptroller General's Office or the relevant Fund and Accounts Controller's Office and keep the bond. Thus, the bond account opened by each office will usually be only one.
(2) In order to deposit the amount in the bond account as per sub-rule (1), the concerned person shall submit two copies of the vouchers to the bank as specified by the bank.
(3) One of the two copies of the voucher as per sub-rule (2) shall be given by the bank to the concerned person. The voucher should be submitted to the relevant office and a cash receipt should be obtained. Regarding the voucher submitted with the sealed bid, after opening the bid, a cash receipt should be taken.
(4) The operation of the guarantee account as per sub-rule (1) shall be by the joint signature of the head of the office and the head of the financial administration branch. According to the need, the head of the office, under his responsibility, can also have other officers under him and the head of the financial administration branch or the employee designated by him to operate the bond account.