File No.2012 /AC-11/21/6/ SPOTCHECK/PART-III

GOVERNMENT of INDIA
MINISTRY OF RAILWAYS
RAILWAY BOARD

RBA No. 88/2020

No.2012/AC-II/21/6(PART)

New Delhi, dated 09.11-2020

Pr. Financial Advisor,
All Zonal Railways/ PUs

Sub: Excess Pension Payments to Railway Pensioners.

Ref:- Board’s letter of even no. dated 24.8.2020 (RBA No. 67/2020)

Please connect Board’s letter of even no. dated 24.8.2020 wherein a suggestive list of discrepancies was provided with a request to carryout intensive checks of pension payments. Now, one of the Zonal Railways has brought out some more discrepancies noticed by them during the spot checks. Accordingly, a revised suggestive list duly incorporating these discrepancies is attached for ready reference.

Kindly arrange to notify the staff deputed for the purpose to verify the pension payments accordingly.

(Ajay Bartwal)
Joint Director Finance/ CCA
Railway Board

File No.2012/AC-II/21/6/ SPOTCHECK/P ART-III

SUGGESTED CHECKLIST FOR VERIFICATION OF PENSION PAYMENTS

1. Payment of revised pension as per 7th CPC.
2. Admissibility of DR to the pensioners who are permanently absorbed in PSUs.
3. Age related additional quantum of pension w.r.t date of birth of the pensioner / family pensioner and with reference to the prescribed percentage of increase.
4. Ascertaining missing age profile of the pensioner/ family pensioner.
5. Restoration of commuted pension.
6. Payment of enhanced family pension at the extant rates and the period.
7. Wrong fixation of Basic pension to ex-gratia pensioners.
8. Discrepancies in payment of Fixed Medical Allowance to the Pensioners,
9. Continuation of pension payment to deceased pensioners’ account
10. Amount lying unconnected in inoperative Bank Account of the pensioners.
11. Any other item which PFA/ CPO may consider fit.

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GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
RAILWAY BOARD

RBA No.114 /2018

No. 2012/AC-II/21/6 (Part-II)

New Delhi dated 17th October, 2018

General Managers,
All Zonal Railways/Production Units

Sub:- Spot Check of Pension Payments by Pension Disbursing Banks.

Expenditure on Pension accounts has increased substantially due to revision of pension as per 7th CPC. It is therefore necessary that the pension payments made by the banks are monitored closely and the pension debits are checked concurrently to ensure that there are no excess payments and the debits are in respect of bonafide Railway pensioners only. .

Besides internal checks and spot checks of pension payments, a physical verification drive of pensioners may also be launched during November, 2018 like previous years to carry out inspections and verifications of the ‘Life Certificate’ by pensioners to the banks. A team of staff from Personnel and Accounts department may be deputed for this purpose to visit the banks in their proximity. A suggestive checklist for verification to be carried out is enclosed. A brief report of the outcome of the above verification may be submitted to Board by 15th December, 2018.

(Anjali Goyal)
Pr. Executive Director Accounts
Railway Board

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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT-II, BHIKAJI CAMA PLACE,
NEW DELHI-110066

CPAO/IT &Tech/Bank Performance/37 (Vol-II)/2017-18/ 204

09.03.2018

Office Memorandum

Subject:- Deduction of Income Tax at the time of making payment.

It is observed that some of the banks are not following the guidelines of the Income Tax Act regarding tax deduction on pension payments. Pensioners have raised grievances relating to the deduction of income tax at the fag end of the year causing undue financial hardship to the pensioners. Moreover, there is considerable delay in the issuance of Form-16 to the pensioners and in some cases, Form-16 are not being issued to the pensioners.

In view of the above, all Heads of CPPCs are advised to deduct the income tax at the time of each payment itself and issue Form-16 by 31st of May every year and follow the Income-tax guidelines issued from time to time.

(Md. Shahid Kamal Ansari)
(Asstt. Controller of Accounts)
Ph No.011-26103074

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RESERVE BANK OF INDIA
WWW.rbi.org.in

RBI/2015-16/340
DGBA.GAD.NO.2960/45.01.011/2015-16

March 17,2016

The Chairman/chief Executive Officer
All Agency Banks

Dear sir,

Recovery of excess payments made to pensioners

We have been receiving complaints from pensioners stating that the recovery of excess/wrong pension payments are being made in a manner that is not in keeping with the extant guidelines. In this connection, the instructions contained in circular Nos. CO.DGBA (NBS) No.44/GA.64 (11-CVL) 90/91 dated April 18, 1991 and CO.DGBA (NBS) No.50/GA.64 (11-CVL) 90/91 dated may 6, 1991 laying down a uniform procedure in consultation with the controller General of accounts and various non- civil ministries for recovery are reiterated below:

a) As soon as the excess/wrong payment made to a pensioner comes to the notice of the paying branch, the branch should adjust the same against the amount standing to the credit of the pensioner’s account to the extent possible including lumpsum arrears payment.

b) If the entire amount of over payment cannot be adjusted form the account, the pensioner may be asked to pay forthwith the balance amount of over payment.

c) In case the pensioner expresses his inability to pay the amount,the same may be adjusted from the future pension payments to be made to the pensioners. For recovering the over-payment made to pensioner from his future pension payment in instalments 1/3rd of net (Pension + relief) payable each month may be recovered unless the pensioner concerned gives consent in writing to pay a higher installment amount.

d) If the over payment cannot be recovered from the pensioner due to his death or discontinuance of pensioon then action has to be taken as per the letter of undertaking given by the pensioner under the scheme.

e) The pensioner may also be advised about the details of overpayment/wrong payment and mode of its recovery.

The above uniform procedure may be strictly adhered to while effecting recovery of excess/wrong pension payments made to pensioners.

2. As regards the issue of refund of excess/wrong payments to the government, banks may be guided by the guidelines laid down in our circulars Nos. DGBA.GAD.H-10450/45.03.001/2008-09 dated June 1, 2009 and DGBA.GAD.H.4054/45.03.001/2014-15 dated March 13,2015 which have been incorporated in our master circular on disbursement of government pension by agency banks dated july 1, 2015.

Yours faithfully

(Manish Parashar)
Deputy General Manager

Download signed copy here

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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

Source: http://www.rbi.org.in/

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