RBI Circular dated 13-04-2012 regarding 8% penal interest as penalty on delayed credit of pension/revised pension/arrears.
RESERVE BANK OF INDIA
www.rbi.org.in
DGBA.GAD.No. H-6760 / 45.01.001 /2011-12
April 13, 2012
1. The Chairman / Managing Director
Associate Banks of SBI
2. The Chairman and Managing Director
All Nationalised Banks and ID81 Bank Ltd.
3. The Managing Director
ICICI Bank Ltd., Axis Bank Ltd., HDFC Bank Ltd.
Dear Sir
Pension payments to Central / State Government pensioners by Agency banks – Compensation for delay
Please refer to our circular DGBA.GAD.No.H-6212 / 45.01.011 / 2010-11 dated March 11, 2011, on the captioned subject, wherein we had advised the agency banks that all the pensioners, including non-State resident pensioners, would be compensated for delay in credit of pension / revised pension / arrears, for the delayed period beyond the due date at the “Bank Rate plus two per cent” penal interest.
2. Recently. the Bank Rate, which was kept unchanged at 6 per cent since April 2003, has been aligned with Marginal Standing Facility (MSF) rate and currently stands at 9.5 %. Henceforth, whenever there is an adjustment to the MSF rate, the Reserve Bank will consider and align the Bank Rate with the revised MSF rate.
3. It has now been decided todelink the penal interest levied for delayed credit of pension / revised pension / arrears, from the Bank Rate plus two per cent, and charge a fixed interest rate of 8 per cent on such delays. This rate will be subject to review by RBI as considered appropriate.
4. You may please issue suitable instructions to your concerned Regional Offices / branches authorized to disburse pension, accordingly.
5. Please acknowledge receipt.
Yours faithfully,
sd/-
(CG. Biswal)
Deputy General Manager
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COMMENTS
To the respected sir
I am B.k.Roy ex sgt of indian air force ex207923.
CERTIFIED OF DISCHARGE SAY THAT IS MY RANK
(CPL/A/SGT/P.)
my date of birth 13-6- 1932,date of enrolment
in the I A F 17/12/1951, date of discharge
31-01-1968, i am qualifying service 16year,
166 day.my no- PPO NO-S/9825/1968.
sir,idon't know my clear pension per month, i will
withdraw my difarent
pension every months, from allahabad bank, branch of rajnagar.branch code-950.a/c no-22414332/3-8
BANK ADDRESS,VILL+PO-RAJNAGAR,P.S-DASPUR,DIST-MEDINIPUR(WEST),PIN-721211,WEST BENGAL
pls sir i want know my clear pension.
i want know my basic pension and current da
pls sir help me.
LAST WITHDRAL AMOUNT MONTH OF JULY 2013-Rs-10,600.
I WANT KNOW THAT IS MY CORRECT PENSOIN OR INCORECT PLS SIR HELP ME.
thank you ex207923 sgt benoy kumar roy.
BINOY KR ROY
ex207923
RANK-(CPL/A/SGT/P.)
DOB-13/06/1932
DOE-17/12/1951
DOR-31/01/1968
TOTAL SERVICE PERIOD-16Y-1M-14DAY
PPO NO-S/9825/1968
PAYING BANK NAME-allahabad bank
A/C no-22414332/3-8
branch of rajnagar.
branch code-950.
BANK ADDRESS,
VILL+PO-RAJNAGAR,
P.S-DASPUR,
DIST-MEDINIPUR(WEST),
PIN-721211,
WEST BENGAL
MY ADDRESS
EX.SGT-BINOY KR ROY
vill+po-harirampur
p.s-daspur
dist-paschim medinipur
pin code-721211,
WEST BENGAL.
phone-09735729806
mail- [email protected]
thanking you
ex-sgt b.k.roy
ex207923
Dear Sir/Madame,This is A bdul Jabbar Kazi an Exserviceman from corps of EME Indian Army.Though i was in Gp B and being served for 14 years and discharged on )3 April 1987,i am getting minimum pension of Rs.3500 Basic which is not correct,From SUVIGYA calculator i confirmed that my pension should be Rs.4590 Basic w.e.f.sept 2012.I sent my grievance to central grievance cell & to cppc State bank of India,but there is no action.Can any one tell me where to approach for getting correct pension and the disability pension which is stoped from 1996.
Lodge your complaint on Pensioner Grievances website
http://pgportal.gov.in/