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Finance Ministry issued strict guidelines to Banks for Pension Disbursement

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, โ€œDelays 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.โ€

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.

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  1. ๐—•๐—ฎ๐—ป๐—ธ๐—ฒ๐—ฟ๐˜€ ๐˜„๐—ถ๐—น๐—น ๐˜€๐˜๐—ฟ๐—ถ๐—ฐ๐˜๐—น๐˜† ๐—ณ๐—ผ๐—น๐—น๐—ผ๐˜„ ๐—ฎ๐—น๐—น ๐˜๐—ต๐—ฒ ๐—š๐˜‚๐—ถ๐—ฑ๐—น๐—ถ๐—ป๐—ฒ๐˜€, ๐—ง๐—ต๐—ฒ๐˜† ๐—ฎ๐—ฟ๐—ฒ ๐—บ๐—ฒ๐—ฎ๐—ป๐˜ ๐—ณ๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐—ฝ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฒ๐˜€๐˜€ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ก๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฏ๐˜† ๐—ถ๐—บ๐—ฝ๐—น๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐—ถ๐—ป๐—ด ๐—ฎ๐—น๐—น ๐˜๐—ต๐—ฒ ๐—š๐˜‚๐—ถ๐—ฑ๐—น๐—ถ๐—ป๐—ฒ๐˜€ ๐—ผ๐—ณ ๐—–๐—ฒ๐—ป๐˜๐—ฟ๐—ฎ๐—น ๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—บ๐—ฒ๐—ป๐˜, ๐—•๐˜‚๐˜ ๐˜๐—ต๐—ฒ๐˜† ๐—ฎ๐—ฟ๐—ฒ ๐—ฑ๐—ฒ๐—ป๐—ถ๐—ฒ๐—ฑ ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—Ÿ๐—ฒ๐—ด๐—ถ๐˜๐—ถ๐—บ๐—ฎ๐˜๐—ฒ ๐—ฃ๐—ฒ๐—ป๐˜€๐—ถ๐—ผ๐—ป ๐˜‚๐—ฝ๐—ฑ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐˜„๐—ต๐—ผ ๐—ฎ๐—ฟ๐—ฒ ๐—ฒ๐—พ๐—ฎ๐—น๐—น๐˜† ๐—ฒ๐—พ๐˜‚๐—ถ๐˜ƒ๐—ฎ๐—น๐—ฒ๐—ป๐˜ ๐˜๐—ผ ๐—–๐—ฒ๐—ป๐˜๐—ฟ๐—ฎ๐—น ๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—บ๐—ฒ๐—ป๐˜ ๐—˜๐—บ๐—ฝ๐—น๐—ผ๐˜†๐—ฒ๐—ฒ๐˜€

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