Pension Payment: This information of RBI is especially for those pensioners who face problems like not getting pension, dearness relief and arrears on time. If you are also a pensioner, then it is very important to know about these questions. So let’s take a look at 6 important questions given by RBI and their answers…
Pension Payment: Regarding the rules and procedures related to government pension schemes, the Reserve Bank of India (RBI) has given many important clarifications for the convenience of retired employees. This information is especially for those pensioners who face problems like not getting pension, dearness relief and arrears on time. If you are also a pensioner, then it is very important to know about these questions. So let’s take a look at 6 important questions given by RBI and their answers…
1. When is pension received?
Pension is paid by the agency bank as per the instructions of the government authority. As soon as the bank receives the instructions, it deposits the amount in the pensioner’s account.
2. What if the pension is more?
If the pension amount is more than the amount received by mistake, the agency bank immediately contacts the concerned government department.
On the other hand, if the mistake is of the bank, then it has to return the amount to the government without delay – there is no waiting for recovery from the pensioner.
3. How will the pension be received in case of not signing or thumbprinting?
If a pensioner cannot sign or thumbprint (sick, elderly or disabled), then in such cases the bank releases the pension under special provisions.
If the pensioner cannot sign or thumbprint even from home, then the pension can be given by verifying the identity in the presence of a bank officer and two witnesses.
Information about these facilities should be clearly displayed in the bank branch.
4. How will the payment be made when the rate of Dearness Relief (DR) changes?
When the government changes the rate of DR, the bank has to immediately make the payment as per the new order.
There should not be any delay or hindrance in the process.
5. What will happen if pension or arrears are not received on time?
- If the payment of pension or arrears is delayed, then the bank will have to pay compensation at the rate of 8% per annum.
- For this, the pensioner does not need to give any separate application.
6. How will the family pension be received after the death of the pensioner?
- If a central government pensioner dies, then the surviving spouse will not need to open a new account for family pension.
- Pension will continue to come in the already existing joint account.
- In this way, this initiative of RBI has brought great relief to the pensioners. This will not only increase transparency, but will also ensure better service to the elderly and the disabled. If you also have any problem related to pension, then do not forget to take advantage of these rules.
Most Read Articles:
LPG cylinder became costlier by Rs 50 from today, see what is the price in your city
