RBI Notifies Revised Master Circular Consolidating Instructions on ‘Disbursement of Govt. Pension by Agency Banks’
- Blog|News|FEMA & Banking|
- < 1 minute
- By Taxmann
- |
- Last Updated on 3 April, 2024
Latest from Taxmann
Circular No. RBI/2024-25/06 DGBA.GBD.No.S1/31.02.007/2024-25, Dated: 01.04.2024
RBI has now revised and updated the Master Circular, consolidating important instructions on the subject of ‘Disbursement of Government Pension by Agency Banks’. The Circular highlights the prompt implementation of the Government’s instructions by agency banks, the timing of pension disbursement, and the process for refunding excess pension payments to the Government. Further, it discusses norms w.r.t the withdrawal of pension by old/sick/disabled pensioners and reimbursement of pension payments
Click Here To Read The Full Circular
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
