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The Finance Ministry has taken a big step to solve the problems faced by central government employee pensioners by asking banks to ensure pensions are paid on time every month. In an official notice, the Ministry told banks to make sure pensions and family pensions are credited to pensioners’ accounts by the last working day of each month. However, for the month of March, the pension should be credited on the first working day of April.
The Ministry made it clear that any delay in paying pensions is a serious issue. Banks were warned that if they fail to pay pensions on time, strict action could be taken. The Ministry said, “Delays in paying pensions or family pensions are being taken very seriously. Banks must make sure that pensions are credited to the pensioners’ accounts every month, according to the schedule. If there are any delays, the bank will face necessary action.”
To keep track of the timely payment of pensions, all Centralized Pension Processing Centers (CPPCs) of the banks have been instructed to send a report every month. This report must show that pensions have been credited on time and should be submitted electronically by the morning of the last working day of the month.
𝗕𝗮𝗻𝗸𝗲𝗿𝘀 𝘄𝗶𝗹𝗹 𝘀𝘁𝗿𝗶𝗰𝘁𝗹𝘆 𝗳𝗼𝗹𝗹𝗼𝘄 𝗮𝗹𝗹 𝘁𝗵𝗲 𝗚𝘂𝗶𝗱𝗹𝗶𝗻𝗲𝘀, 𝗧𝗵𝗲𝘆 𝗮𝗿𝗲 𝗺𝗲𝗮𝗻𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗽𝗿𝗼𝗴𝗿𝗲𝘀𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗡𝗮𝘁𝗶𝗼𝗻 𝗯𝘆 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗶𝗻𝗴 𝗮𝗹𝗹 𝘁𝗵𝗲 𝗚𝘂𝗶𝗱𝗹𝗶𝗻𝗲𝘀 𝗼𝗳 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁, 𝗕𝘂𝘁 𝘁𝗵𝗲𝘆 𝗮𝗿𝗲 𝗱𝗲𝗻𝗶𝗲𝗱 𝘁𝗵𝗲𝗶𝗿 𝗟𝗲𝗴𝗶𝘁𝗶𝗺𝗮𝘁𝗲 𝗣𝗲𝗻𝘀𝗶𝗼𝗻 𝘂𝗽𝗱𝗮𝘁𝗶𝗼𝗻 𝘄𝗵𝗼 𝗮𝗿𝗲 𝗲𝗾𝗮𝗹𝗹𝘆 𝗲𝗾𝘂𝗶𝘃𝗮𝗹𝗲𝗻𝘁 𝘁𝗼 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀