Disbursement of Government Pension by Agency Banks
The Reserve Bank of India has issued a master circular outlining the guidelines for the disbursement of government pensions by agency banks.
General Instructions:
The circular covers various aspects of pension disbursement, including:
(a) Government orders on Dearness Relief (DR) and other pension-related instructions to be made available on websites.
(b) Nomination facilities for pensioners.
(c) Special provisions for All India Service officers retiring from the Government of India.
(d) Credit of pension to joint accounts.
(e) Issue of pension slips to pensioners.
(f) Staggering of pension payments to avoid congestion.
(h) Refund of excess pension payments to the Government.
(i) Withdrawal of pension by old, sick, disabled, or incapacitated pensioners.
(j) Reimbursement of pension payments.
(k) Continuation of either or survivor pension accounts after the death of the pensioner.
(l) Digital Life Certificate for pensioners.
Payment of Central Civil Pension:
(a) Pension Payment Orders (PPOs) to be issued by the Pension Sanctioning Authority.
Payment of Pension to Defence Pensioners:
(a) Delay in submission of pension payment scrolls to be avoided.
(b) Measures to prevent fake and fraudulent payments.
(c) First payment of pension to be made promptly.
(d) Single Window System for pension payment.
Payment of Pension to Railway Pensioners:
(a) Measures to prevent fake and fraudulent payments.
Chat with the Master Circular:
Download: Master Circular – Disbursement of Government Pension by Agency Banks