Prof Nageshwar explains What is a PD account, Is it a scam?
Mon, Aug 06, 2018, 08:46 PM
BJP MP GVL Narsimha Rao has created storm with his allegations of PD accounts scam against CM Chandrababu and TDP Government. Professor Nageshwar explaining about this issue, has said that a PD account is called as Personal Deposit account which is normally opened against the heads of the departments in the Government sector. A head of the department withdraws the amount from the budget to the PD account through a letter of credit to the government and this amount is available in PD account for the departmental expenses.