Examples of FT Account in a sentence
To add an FT Account, you authorize us to access such FT Account as needed to provide this service.
Upon adding an FT Account, you authorize us, if necessary, to make small deposits and/or withdrawals to the FT Account to confirm your control of the account.
Work on improving the PPIs is ongoing with the new sample, new weights and the new base year (2008).
An "Outbound transfer" moves funds from your Credit Union account to an FT Account.
An "Inbound transfer" moves funds into your Credit Union account from an FT Account.
To expedite quick release of specific schematic funds to the implementing agencies, the system of receipts and release of fund through Fund Transfer (FT) Account was introduced by the State Government in the year 2006-07.
When such identification was not possible even after utmost effort, the same should be transferred to PRIs own fund for implementation of schemes of Socio and Economic Development or to meet any charges imposed by the bank.Scrutiny revealed that in violation of the above instruction 12 PRIs6 retained13.93 crore amount of schematic fund under FT Account as of March 2012 along with interest accrued.
It was also instructed that unnecessary retention of any fund in the FT Account was not permissible.
Moreover, none of the PRIs segregated the said interest into respective scheme funds and six PRIs7 had not even transferred the same to Own Fund of the PRIs for implementation of any scheme.Such unauthorized accumulation of fund under FT Account not only frustrated the scheme objective but also deprived the target group of beneficiaries.
Use of Section 4(2)(b) Powers During the Reporting Period the FRA also used financial intelligence to exercise its powers under section 4(2)(b) of the POCA on six (6) occasions where it had reasonable cause to believe that the information related to proceeds or suspected proceeds of criminal conduct to obtain an order from the Court to order an entity to refrain from dealing with a person’s account for twenty-one days.