Withdrawal of circulars on recovery of excess pension made to pensioners: RBI

It has been brought to the notice of RBI that the recovery of excess/ wrong pension payments from the pensioners are being made in a manner that is not in keeping with the extant guidelines/ Court orders.

This issue has been examined by RBI and it has been decided that the following circulars issued by Department of Government and Bank Accounts, Reserve Bank of India related to recovery of excess pension paid by agency banks stands withdrawn with effect from the date of this circular:

a) Circular no DGBA.GAD.No.2960/45.01.001/2015-16 dated March 17, 2016

b) Circular no CO.DGBA (NBS) No.44/GA.64 (11-CVL) 90/91 dated April 18, 1991

c) Circular no CO DGBA (NBS) No.50/GA.64 (11-CVL) 90/91 dated May 6, 1991.

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