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Scheme for payment of Pensions to Postal Pensioners through nationalised banks

MINISTRY OF COMMUNICATION & IT 
DEPARTMENT OF POSTS 
SCHEME FOR PAYMENY OF PENSIONS 
TO POSTAL PENSIONERS THROUGH 
NATIONALISED BANKS

It has been decided, in consultation with the Controller General of Accounts, Ministry of Finance that the services of the Nationalised Banks (i.e. State Bank of India and its subsidiaries and Nationalised Banks) would be utilised to disburse pensions to Postal pensioners (The actual date of introduction of the scheme will be notified to all concerned later).

To read booklet published by Department of Posts with following contents [click here]

CONTENTS

1. Broad Features
2. List of Authorised Nationalised Banks
3. Applicability
4. Salient Features
5. Death/Retirement Gratuity
6. Authorities Competent to issue PPO
7. Detailed Procedure
8. Procedure for New Pensioners
9. Transmission of PPO by Link Branch
10. Duties &Functions of Paying Branch
11. Functions of Link Branch
12. Reimbursement to Banks
13. Certificates to be furnished by Pensioners/Family Pensioners
14. Transfer of Pensions
15. Payment of Relief to Pensioners
16. Commutation of Pension
17. Revision of Pension
18. Arrears of Pension
19. Disposal of PPO on Pensioner’s death
20. Payment of Family Pension
21. Miscellaneous
22. Post Payment Checks
23. Audit of Pension Payment
24. Cessation of Pension

ANNEXURES

A. List of Nationalised Banks
B. List of Circle Postal Accounts Officers
C. Application for drawl of Pension through Banks
D. Index Register
E. Letter from Bank to Pensioner
F. Undertaking Letter
G. Daily Government Debit Scroll
H. Certificate Forms
I. Statement of Calculation Form
J. Due drawn Statement Form
K. Form for Family Pension
L. Date-wise Monthly Statement
M. Pension Payment Scroll
N. Consolidated Certificate
O-RBI Instructions: Pensioners Accounts in Banks
P. Summary Sheet of pension paid by Paying Branches
Q. Letter from Bank to the family of the Deceased Pensioner

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