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.
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FAQ on Payment of Pension to Government Pensioners
The payment of pension to retired government employees, including basic pension, Dearness Relief (DR), and other benefits, is governed by relevant schemes prepared by concerned Ministries/Departments of the Government of India and State Governments.
NSC Account Closure Before Maturity – SB Order No. 03/2023
The Ministry of Communications, Department of Posts has issued a clarification on premature closure of NSC (National Savings Certificate) account pledged in favor of banks
Union Cabinet approves 4% increase in Dearness Allowance for Central Government employees and pensioners
Cabinet approves release of an additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners, due from 01.01.2023 The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has given its approval to release an additional instalment of Dearness Allowance to Central Governments employees and Dearness Relief to Pensioners […]
Reserve Bank of India’s List of Public Sector Banks in India
The Ministry of Finance in India has provided information in response to an unstarred question in the Lok Sabha regarding public sector banks.