Railway Accounts Department Examinations

Tuesday, November 8, 2022

GFR - General Financial Rules, 2017

GFR - General Financial Rules, 2017  

Nageswara Rao 9492432160

Click for GFR 2017 with amendments up to 31.07.2022


 Railway Board vide its letter No.2017/ F(X)II/PW/R dated 09.02.2018 advised all  concerned to refer the rules under the GFR- General Financial Rules, 2017 and  used them as broad principles while making financial decisions.  

Indian Railways being part of Govt of India, it is incumbent on Indian  Railways to refer GFR in discharging financial powers.  

Although, historically processes have evolved on Indian Railways considering  operational requirement of field, however, with merger of Railway Budget with  General Budget, any substantive deviation from GFR has become part of  reporting through the monthly PCDO by respective PFAs to Member  Finance /Indian Railways in order to reporting to Ministry of Finance. 

 Issued by the Ministry of Finance, Dept of Expenditure.  

 Consists of 208 pages and 12 Chapters.  

 First GFR in 1947. Then Revised in 1963 and 2005.  

What is the Need of Revised GFR in 2017 ?  

1. Removal of distinction in non-plan and plan expenditure.  

2. Merger of Railway Budget with General Budget in 2017-18.  

3. Focusing on outcomes through an improved Outcome Budget document.  

4. Reliance on DBT - Direct Benefit Transfer scheme to ensure efficient delivery of  entitlements.  

5. Introduction of new e-sites like Central Public Procurement Portal, GeM Government e-Marketing portal, Non-Tax Revenue portal.  

6. Increased focus on the Public Finance Management System(PFMS).

Key Takeaways - For MCQ  


1. First GFR – 1947  


2. Latest GFR – 2017  


3. GFR stands for General Financial Rules  

4. PFMS stands for Public Finance Management System. 


5. Any substantive deviation - 

  • At Zonal Level - Brought to the notice of Member  Finance by PFA. 

  • At Board level – Brought to the notice of the Ministry of Finance  by Member Finance.  

6. DBT stands for Direct Benefit Transfer 

7. Removal of distinction in non-plan and plan expenditure

8. Total Number of Chapters in GFR  = 12  (total pages 208) 


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