RBI: WITHDRAWAL OF CIRCULARS ON RECOVERY OF EXCESS PENSION MADE TO PENSIONERS
RBI/2020-21/84
DGBA.GBD.No.SUO 546/45.01.001/2020-21
January 21, 2021
The Chairman / Chief
Executive Officer
All Agency Banks
Dear Sir,
Withdrawal of circulars on Recovery of excess pension made to
pensioners
It has been brought to the notice of RBI that the recovery of
excess /wrong pension payments from the pensioners are being made in a manner
that is not in keeping with the extant guidelines / Court orders.
2. This issue has
been examined by RBI and it has been decided that the following circulars
issued by Department of Government and Bank Accounts, Reserve Bank of India
related to recovery of excess pension paid by agency banks stands withdrawn
with effect from the date of this circular –
a. Circular no DGBA.GAD.No.2960/45.01.001/2015-16 dated March
17, 2016
b. Circular no CO.DGBA (NBS) No.44/GA.64 (11-CVL) 90/91 dated April 18, 1991
c. Circular no CO DGBA (NBS) No.50/GA.64 (11-CVL) 90/91 dated May 6, 1991.
3. It may please
be noted that though the above-mentioned circulars issued under the signature
of RBI stand withdrawn, agency banks are requested to seek guidance from
respective Pension Sanctioning Authorities regarding the process to be followed
for recovery of excess pension paid to the pensioners, if any.
4. As regards the
issue of refund to be made to the government of excess/wrong pension payments,
banks may be guided by the guidelines laid down in our Circulars
Nos.DGBA.GAD.H10450/45.03.001/2008-09 dated June 1, 2009 and DGBA.GAD.H.4054/
45.03.001/2014-15 dated March 13, 2015. Agency banks are again advised that,
where excess pension payment has arisen on account of mistakes committed by the
bank, the amount paid in excess should be refunded to the Government in lumpsum
immediately after detection of the same and without waiting for recovery of any
amount from the pensioners.
Yours
faithfully
(Charulatha
S Kar)
Chief General Manager
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