Big news: Banks to ensure ease of living for senior citizens pension orders banks to reduce documentation burden

Big news: Banks to ensure ease of living for senior citizens pension orders banks to reduce documentation burdenBig news: Banks to ensure ease of living for senior citizens pension orders banks to reduce documentation burden
Big news: Banks to ensure ease of living for senior citizens pension orders banks to reduce documentation burden

The government has given instructions to banks regarding pension to senior citizens or pension to family members on their death. It was said that banks should not harass pensioners demanding many types of documents. Rather, speed up the pension distribution process.


In a major reform aimed at seeking “ease of living” for senior citizens, the government has directed banks to speedily disburse pensions in view of the COVID pandemic. It has also been said in the instruction that in the event of death of the pensioner, the spouse or family member of the deceased pensioner should not face any inconvenience by asking for unnecessary details and documents, but the pension should be disbursed at the earliest. Go

Detailing about the circular issued by the Department of Pension and Pensioners’ Welfare, Union Minister of State (Independent Charge) Dr. Jitendra Singh said that some such cases have come to the notice of the Department in which pension is given to the families of the deceased after the death of the pensioner. The providing banks were asked to furnish details and documents to them.

It is not necessary for introduction of family pension. He said that the Central Government under the leadership of Prime Minister Narendra Modi is committed to provide ‘Ease of Living’ for all citizens including pensioners and hence the elderly citizens have to be freed from such inconveniences especially during the pandemic.

Pension to the pensioner’s family will start only after submitting the death certificate

All the heads of pension disbursing banks have been directed that the pension should be started on production of the death certificate of the deceased pensioner without bothering the family members of the deceased pensioner for pension and where Where the pensioner had a joint account with his/her spouse, submission of a simple letter or application should suffice for initiation of family pension.

In cases where the spouse does not have a joint account with the deceased pensioner, the commencement of family pension through a simple application in Form-14 signed by two witnesses should be treated as valid.

Instructions for running special awareness programs

Instructions have also been issued by the Department of Pension and Pensioners’ Welfare (DOPW) to conduct special awareness programs to provide awareness to the concerned officers of the banks, so that they can get the latest instructions as well as to deal with the family pension matters on compassionate grounds. to be made aware.

The information of the nodal officer will have to be given on the website of the bank

Directions have also been issued to prominently display the name and contact details of a Nodal Officer on the Bank’s website, in case of any inconvenience caused during the processing of family pension matters after the death of the pensioner. In such a situation, they can be contacted by the family pensioner.

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Article first Appeared on Informalnewz

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