• Breaking News

    Thursday, 7 July 2016

    RECOVERY OF EXCESS/WRONG PENSION PAYMENTS MADE TO PENSIONERS

    Recovery of Excess/Wrong Pension payments made to pensioners

    RESERVE BANK OF INDIA
    www.rbi.org.in

    RBI/2015-16/340
    DGBA.GAD.No 2960/4501001/2015-16
    March 17, 2016

    The Chairman/Chief Executive Officer
    All Agency Banks

    Dear Sir,

    Recovery of excess payments made to pensioners

    We have been receiving complaints from pensioners stating that the recovery of excess/wrong pension payments are being made in a manner that is not in keeping with the extant guidelines. In this connection, the instructions contained in circular Nos. CO.DGBA (NBS) No.44/GA.64 (11-CVL) 90/91 dated April 18, 1991 and CO.DGBA (NBS) No. 50/GA.64 (11-CVL) 90/91 dated May 6, 1991 laying down a uniform procedure in consultation with the Controller General of Accounts and various non-civil Ministries for recovery are reiterated below:

    a) As soon as the excess/wrong payment made to a pensioner comes to the notice of the paying branch, the branch should adjust the same against the amount standing to the credit of the pensioner's account to the extent possible including lumpsum arrears payment.

    b) lf the entire amount of over payment cannot be adjusted from the account, the pensioner may be asked to pay forthwith the balance amount of over payment.

    c) ln case the pensioner expresses his inability to pay the amount, the same may be adjusted from the future pension payments to be made to the pensioners. For recovering the over-payment made to pensioner from his future pension payment in instalments 1/3rd of net (pension + relief) payable each month may be recovered unless the pensioner concerned gives consent in writing to pay a higher installment amount.

    d) lf the over payment can not be recovered from the pensioner due to his death or discontinuance of pension then action has to be taken as per the letter of undertaking given by the pensioner under the scheme.

    e) The pensioner may also be advised about the details of overpayment/wrong Payment and mode of its recovery.

    The above uniform procedure may be strictly adhered to while effecting recovery of excess/wrong pension payments made to pensioners.

    2. As regards the issue of refund of excess/wrong payments to the government, banks may be guided by the guidelines laid down in our Circulars Nos DGBA GAD H-10450/45.03.001/2008-09 dated June 1, 2009 and DGBA.GAD.H.4054/45.03.001/2014-15 dated March 13, 2015 which have been incorporated in our Master Circular on disbursement of government pension by Agency Banks dated July 1 201 5.

    Yours Faithfully

    Sd/-
    (Manish Parashar)
    Deputy General Manager

    Source:- CPAO

    No comments:

    Post a Comment

    Highly Viewed

    Comments

    Category

    Contact Form

    Name

    Email *

    Message *

    Google+ Followers