Pension Disbursement Scheme through Banks

Contents

General

List of Public Sector Banks

Applicability

Salient Features

Payment of Death Gratuity/Retirement Gratuity

Authorities competent to issue Pension Payment Orders (PPO) and counter-signature of PPOs

Detailed Procedure - for change-over from Post Office to Bank

Procedure for New Pensioners

Transmission of PPOs by Link Branch to Paying Branch

Duties and Functions of the Paying Branch before starting payments

Procedure for lost PPOs during transit

Functions of the Link Branch

Reimbursement to Public Sector Banks and subsequent action

Certificates to be furnished by Pensions/Family Pensioners

Transfer of Pensions

Payment of Relief to Pensioners

Commutation of Pension

Revision of Pension

Arrears of Pension on the death of pensioner and manner of disposal of the relevant PPO

Payment of Family Pension

Miscellaneous


Post Payment Checks

Audit Provisions

Cessation of Pension

Annexures

Annexure A: Allocation Of Public Sector Banks To Different States Regarding The Scheme For Payment Of Pension To Telecom Pensioners

Annexure B :Designated Communication Accounts Officer Of Territorial Controller Of Communication Accounts

Annexure C: Application For Drawal Of Pension Through Public Sector Bank

Annexure D: Index Register Of Pension Payments To Telecom Pensioners Authorised Through Branches Of The Public Sector Banks

Annexure E: Letter to be sent to pensioner by Link Branch of PSB (See Para 10.1)

Annexure F: Specimen of letter of Undertaking

Annexure G: Register of Payment of Pensions

Annexure H: Certificates to be submitted by Pensioner

Annexure I: Statement showing calculation of relief payable

Annexure J: Due and drawn statement

Annexure K: Form of application for the grant of Family Pension on the death of a Govt. Servant/ Pensioner

Annexure L: Letter to be sent to family members of pensioners in case of reported death (see para 20.4)

Annexure M: R.B.I. Instructions as mentioned in para 4(iii)