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Art. 283 Part XII: Finance, Property, Contracts and Suits

Custody, etc., of Consolidated Funds, Contingency Funds and Moneys Credited to Public Accounts

Exact text — Constitution of India

(1) The custody of the Consolidated Fund of India and the Contingency Fund of India, the payment of moneys into such Funds, the withdrawal of moneys therefrom... and all other matters connected with or ancillary to matters aforesaid shall be regulated by law made by Parliament, and, until provision in that behalf is so made, shall be regulated by rules made by the President.

In Plain English

What this Article actually means

A procedural, administrative Article — it lets Parliament (or, until Parliament legislates, the President by rule) regulate the detailed mechanics of how money physically moves in and out of the Consolidated and Contingency Funds, ensuring proper financial custody and procedure.
Why This Matters To You

How it shows up in everyday life

This Article underpins the detailed financial procedures and rules (like the General Financial Rules) governing exactly how government departments actually access and account for public money — mostly operating behind the scenes of day-to-day government financial administration.

Frequently Asked

Quick answers about Article 283

Who currently regulates the detailed procedures for these Funds?
A combination of Parliamentary legislation and detailed executive rules (like the General Financial Rules), consistent with this Article's framework allowing rule-based regulation until specific legislation covers the field.

The text above reproduces Article 283 of the Constitution of India as amended to date, for general educational reference. It is public-domain legislative text, but we recommend cross-checking the authoritative version at legislative.gov.in or india.gov.in before relying on it for a legal matter. The explanation, examples and FAQs are general information, not legal advice — consult a qualified advocate for guidance on your specific situation.