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Wednesday, February 20, 2013

Facility of submission of Life Certificate to any branch of CBS Bank and simplification of Pensioners' Bank Account Portability Procedure: CPAO instructions to Bank

Facility of submission of Life Certificate to any branch of CBS Bank and simplification of Pensioners' Bank Account Portability Procedure: CPAO Order
Government of India
Ministry of Finance
Department of Expenditure
Central Pension Accounting Office
Trikoot-II, Bhikaji Cama Place
New Delhi.

CPAO/Tech/Simplification/2012-13/325
18.02.2013
Office Memorandum 

Subject: - Simplification of Pension Procedure- Amendment in para 15 and para 16 of "Scheme for payment of pensions to Central Govt. Civil Pensioners by Authorised Bank".


Attention is invited to the provisions contained in paras 15 and 16 of the Scheme Booklet regarding submission of life & other certificates and inter bank /intra bank transfer of pension Account.

2. Keeping in view the need to make the process of submission of certificates user friendly and in line with the technological advancement in the banking industry, it has been decided to allow pensioner/family pensioner to submit the life certificate as well as other certificates to any branch of the Bank through which his /her pension/family pension is being disbursed.

3. Further with the introduction of CBS and implementation of CPPC, the pensioner/family pensioner who is desirous of transferring his/her pension account from one branch to another branch (whether local or out station) of the same bank should has the option of putting in his/her request at either of the two branches instead of the present dispensation wherein transfer request is entertained only at the home branch. The transfer application will require mentioning both account numbers (in the old & new branch) with both branch contact details. The branch receiving the application will scan and register the same to CPPC. CPPC will coordinate the continuity of disbursement of monthly pension/family pension without any break.

4. All banks are hereby directed to follow the above procedural modifications in pension process and issue necessary instructions to all concerned accordingly.

5. This issues with the concurrence of Department of Pensions & Pensioners Welfare, Ministry of Personnel, Public Grievances & Pensions and Department of Expenditure, Ministry of Finance.

Sd/-
(Vandana Sharma) 
Chief Controller (Pensions)

1 comment:

  1. Sir, Through this site I want to bring forward to your notice of some EXSM bretherns plight. The EX Servicemen joined in banks in clerical cadre can have Pay Protection as per Govt rule. The correct and latest order regarding pay protection of EXSM from DOPT is clarified in “No. 3/19/2009-Estt. (Pay II) Dated 5th Apr 2010” OM pertaining Re-employed EXSM, which can be easily found in DOPT site or can be googled. As long as EXSM employed in Banks are concerned, DA on pension has to be surrendered , if they are opting for pay protection. This can be further clarified in PCDA site, “http://pcdapension.nic.in/pp/expectation.htm”. Many Banks though allowing pay protection to EXSM employees, but deduction of DA on pension is not ensured. Despite clear instructions form PCDA, RBI, some EXSM employees hide or supress the facts from their PDAs. This leads to confusion among other EXSM employees whether to forgo DA on pension or put false life certificates. Some question the module of recovering excess amounts already received by them as DA on pension and refrain others that nothing will happen and proclaim PCDA or Banks can not recover the already paid amounts . Already letters to Dept of Economic Affairs and Dept of Financial Services have been written. All banks are requested to provide data on the number of EXSM employed with them and whether their DA on pension has been surrendered to concerned Dept , if they have been pay protected , has been asked through RTI. With a conservative estimate the loss to exchequer may well exceed Rs 50-130 crores.

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