All other public money (other than those which are credited to the Consolidated Fund of India) received by or on behalf of the Government of India shall be credited to the Public Account of India.
This includes provident fund deposits, judicial deposits, savings bank deposits, departmental deposits, remittances and so on.
Government of India is just the custodian of majority of Public Account. Government has to repay the amount to people who has stake in it either on maturity or on claim made by people.
This account is operated by executive action.