Authorization of Private Sector Banks for disbursement of Railway Pension

ACS No. 54 to A-I – Authorization of Private Sector Banks for disbursement of Railway Pension: Railway Board Order dated 23.02.2022

Government of India (भारत सरकार)
Ministry of Railways (रेल मंत्रालय)
Railway Board (रेलवे बोर्ड)

RBA NO. 14/2022

No. 2010/AC-II/21/12(pt)

New Delhi, dated 23.2.2022

General Managers/FA&CAOs /CPOs(As per standard List I )
All attached offices/Subordinate Offices ( As per standard List II)

Sub: ACS No. 54 to A-I-Authorization of Private Sector Banks for disbursement of Railway Pension.

Please connect Board’s letter No. 2021/ACII/9/2/e dated 18.02.2022 (RBA No. 12/2022) authorizing Axis Bank, HDFC Bank, ICICI Bank and Kotak Mahindra Bank Ltd for disbursement Railway Pension through e PPOs.

Accordingly, Advance Correction Slip No. 54 adding these banks in the Annexure II-F (List of Public Sector Banks of different States and Union Territories regarding the Scheme of Payment of Pensions) in the INDIAN RAILWAYS CODE FOR THE ACCOUNTS DEPARTMENT, PART-I (Second Reprint)1997 is attached for information and compliance.

DA: As above

(Ajay Bartwal )
Joint Director Finance/CCA
Railway Board

Copy to:

1. CGA, Ministry of Finance, Deptt of Expenditure, Lok Nayak Bhawan, New Delhi.

2. Dy. C&AG of India (Railways, Room No. 224, Rail Bhawan, New Delhi

3. Chief General Manager, Reserve Bank of India, Dept. of Govt & Bank Accounts.

4. Gen Secy, NFIR/AIRF, New Delhi.

5. CMDs- all Public Sector Banks disbursing Railway Pension, CMDs of Axis Bank, HDFC Bank, ICICI Bank and Kotak Mahindra Bank Ltd A list of FA&CAOs authorized for issue of PPOs along with list of designated FA&CAOs for settlement of pension debits is enclosed for ready reference. It is requested to ensure that pension debits (state-wise) are raised against concerned designated FA&CAOs.

6. F(E) III, PAO / RB, ERB-LII, TIL IV,V,AC-II1(6 Copies), AC-IV, Code Revision, Accounts Inspection.

7. Advisor/MR, OSD/MR,OSD/Co-ord/MR, Additional PS/MR

8. RBCC for uploading in Indian Railways website.

Advance Correction Slip No.54

INDIAN RAILWAYS CODE FOR THE ACCOUNTS DEPARTMENT
PART-I(Second Reprint)1997

Annexure 11-F

Please add the following Private banks to the List Of Public Sector Banks Authorised To Disburse Pension Under The Scheme For Payment Of Pensions Through Banks

(See Para 5.1)

(Authority: No. 2010/AC-II/21/12(pt) dated 23.2.2022)

List of FA & CAOs authorized to issue Pension Payment orders.

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