Payment of pension to the Central Government pensioners- Continuation of either or survivor pension account after death of a pensioner.

RESERVE BANK OF INDIA    

Ref. DGBA.GAD No.H-7386/45.01.001/2012-13                                         June 2013
                   
The Chairman / Managing Director
State Bank of India & its Associat Banks
Chairman & Managing Director
All Nationalised Banks & IDBI Ban ICICI Bank Ltd,
Axis Bank Ltd, HDFC Bnak Ltd.

Dear Sir,
 
Payment of pension to the Central Government pensioners- Continuation of either or survivor pension account after death of a pensioner

   We have been receiving complaints from the pensioners that on death of a pensioner, banks are insisting on opening of a fresh account by the widow/widower of.the pensioner for the purpose of family pension.

   2.    In this connection, we advise that in case the spouse (Family pensioner) opts for existing joint account for credit of family pension, banks should not insist on opening of a new account when the spouse is the survivor and having a joint account with the pensioner and in whose favour an authorization for payment of family pension exists in the Pension Payment Order (PPO).

   3.    We advise you to issue suitable instructions to your Regional Offices/branches authorised to disburse pension to the Central Government pensioners

Yours faithfully,

Sd/-
(Satyapal unni)
Assistant General Manager

Source: www.cpao.nic.in