RBI issues revised Master Circular on Disbursement of Government Pension by Agency Banks

The Reserve Bank of India (RBI) has issued a revised Master Circular on the disbursement of government pension by agency banks. This circular consolidates important instructions on the subject issued by the RBI until March 31, 2023.

All agency banks have been instructed to refer to this circular for guidance. The circular can be downloaded from the RBI’s website. The circular was issued on April 3, 2023, and signed by Indranil Chakraborty, the Chief General Manager of the RBI.

Master Circular – Disbursement of Government Pension by Agency Banks

RESERVE BANK OF INDIA

RBI/2023-24/10
DGBA.GBD.No.S3/31.02.007/2023-24

April 03, 2023

All Agency Banks

Dear Sir/Madam

Master Circular – Disbursement of Government Pension by Agency Banks

Please refer to our Master Circular RBI/2022-23/09 dated April 01, 2022 on the above subject. We have revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India till March 31, 2023.

  1. A copy of the revised Master Circular is enclosed for your information. This circular may also be downloaded from our website https://mastercirculars.rbi.org.in.

Yours faithfully

(Indranil Chakraborty)
Chief General Manager

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