I wish to bring to your notice to the various circulars issued by the RBi regarding payment of pension by the banks. i would like to draw your attention particularly to the clause whereby you are entitled for bank rate plus 2% for all delayed payments by the the banks of your dues. You may like to visit this web site and update yourself on the matter. http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/98MCP010711F.pdf
Pension Payment to Central/ State Govt. Pensioners by Agency Banks-Delay
(Ref.DO.No.CSD.CO/8793/13.01.001/2009-10 dated April 09, 2010, DGBA.GAD.No.H- 46/45.01.001/2010-11 dated July 2, 2010 and DGBA.GAD.No.H- 6212 & 6213/45.01.001/2010-11 dated March 11, 2011)- click here
Reserve Bank of India is receiving several complaints from the pensioners alleging inordinate delay in disbursing the revised pension and arrears. Position was reviewed by RBI and the agency banks have been instructed as under:
get the benefits announced by the Governments in the succeeding month's pension payment itself.
details about the pension calculations on the web, to be made
available to the pensioners through the net or at the branches at
periodic interval as may be necessary and sufficient
advertisement is made about such arrangements
must be accompanied by a certificate from E.D. / CGM- in-
Charge of Government business in case of SBI and its Associate
Banks that there are no pension arrears to be credited /delays in
crediting regular pension / arrears thereof.