Continuation of either or survivor bank account for pension after death of a pensioner

Payment ofĀ pensionĀ to the Central GovernmentĀ pensioners-Ā Continuation of either or survivor bank account for pension after death of a pensioner

RESERVE BANK OF INDIA

Ref. DGBA.GAD No. H-7386/145.01.001/2012-13
June 3, 2013

Payment ofĀ pensionĀ to the Central GovernmentĀ pensioners- Continuation of either or survivorĀ pensionĀ account after death of a pensioner

We have been receivingĀ complaintsĀ from theĀ pensionersĀ that on death of a pensioner,Ā banksĀ are insisting on opening of a fresh account by the widow/widower of.the pensioner for the purpose of familyĀ pension.
2. In this connection, we advise that in case the spouse (Family pensioner) opts for existingĀ joint accountĀ for creditĀ of familyĀ pension,Ā banksĀ should not insist on opening of aĀ new accountĀ when the spouse is the survivor and having aĀ joint accountĀ with the pensioner and in whose favour an authorization forĀ payment ofĀ familyĀ pensionĀ exists in theĀ PensionĀ Payment OrderĀ (PPO).
3. We advise you to issue suitable instructions to your Regional Offices/branches authorised to disburseĀ pensionĀ to the Central GovernmentĀ pensioners

Yours faithfully,

Sd/-
(Satyapal Unni)
AssistantĀ GeneralĀ Manager

Download RBI circular DGBA.GAD No. H-7386/145.01.001/2012-13 dated 03.06.2013

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