Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

RBI Authorises Bandhan Bank For Disbursing Civil Pension – News18

Posted on August 29, 2023 By Admin No Comments on RBI Authorises Bandhan Bank For Disbursing Civil Pension – News18


The authorisation entitles the bank to disburse pensions to various departments.

The bank will soon be integrating with the office of CPAO, Ministry of Finance, to operationalise the disbursement process

Private sector lender Bandhan Bank on Tuesday said it has been appointed by Reserve Bank of India as an authorised pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO) for the civil pensioners.

The bank will soon be integrating with the office of CPAO, Ministry of Finance, to operationalise the disbursement process, it said in a release.

The authorisation entitles the bank to disburse pensions to the central government employees in civil ministries/departments (other than railways, posts, and defence), National Capital Territory of Delhi, Union Territory Administrations without legislatures, retired judges of the high courts and the Supreme Court and All India Service Officers.

This scheme also covers payment of pensions to former Members of Parliament and the payment of pension and other amenities to former Presidents/Vice Presidents of India, the private sector lender said.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)

Namit Singh Sengar

Namit is Senior Sub Editor in the business vertical of News18.com. With over five years of experience, he covers personal finance, brands and economy.…Read More



Source link

Business

Post navigation

Previous Post: The newest TV shows and movies to stream right now
Next Post: Medicare to start negotiating prices for 10 drugs. Here are the medications.

More Related Articles

PSX to issue stock split guidelines | The Express Tribune Business
China’s Plan to Spur Growth: A New Slogan for Building Factories Business
Exceptional hygiene, stronger businesses Business
Officials say Pakistan has already consumed 80% of its discovered oil reserves – SUCH TV Business
A PGA Tour Director’s Exit Casts a Pall Over Proposed Saudi Deal Business
Remittances see ‘record increase’ in December with $3.1bn inflows – SUCH TV Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Women Cricketers are awarded by domestic contract by PCB – SUCH TV
  • Ryanair to increase oversized bag bonus
  • Man receives world’s first pig lung transplant in groundbreaking medical procedure
  • India cricket ends $43.6m sponsorship after online gambling ban: report
  • Morgan Wallen joins artists pushing back on Grammys

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme