Tuesday, October 23, 2012

FAQ's: Pensioners banking nightmares addressed

Scheme for Payment of Pension to Government Pensioners by Authorised Banks
Reserve Bank of India (the Bank) monitors disbursement of pension by its agency banks in respect of all Central Government Departments (except the Department of Post) and certain State Governments. It has been receiving several queries/ complaints from pensioners in regard to fixation, calculation and payment of pension including revision of pension/ Dearness Relief from time to time, transfer of pension account from one bank branch to another, etc. We have analysed the queries/ complaints, rights and duties of pensioners and put the same in the form of answers to these Frequently Asked Questions. It is hoped that these will cover most of the queries/ doubts in the minds of pensioners.
Payment of Pension to Government Pensioners
Master Circular- Disbursement of Pension by Agency Banks

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