MANU/RMIC/0004/2021
Ministry : Reserve Bank of India
Department/Board : Department of Government and Bank Accounts
Circular No. : DGBA.GBD.No.SUO.546/45.01.001/2020-2021
RBI/2020-2021/84
Date : 21.01.2021
Notification/ Circulars Referred : Circular no DGBA.GAD.No.2960/45.01.001/2015-16 dated March 17, 2016 MANU/RMIC/0042/2016;Circulars Nos.DGBA.GAD.H10450/45.03.001/2008-09 dated June 1, 2009 MANU/RMIC/0093/2015
Citing Reference:
Circular no DGBA.GAD.No.2960/45.01.001/2015-16 dated March 17, 2016 MANU/RMIC/0042/2016 Referred
Circulars Nos.DGBA.GAD.H10450/45.03.001/2008-09 dated June 1, 2009 MANU/RMIC/0093/2015 Referred
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Government and Bank Accounts, Reserve Bank of India related to recovery of excess pension paid by agency banks stands withdrawn with effect from the date of this circular -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.