Payment of Pension and Gratuity to NPS covered Employees – Identification by Banks

Additional Relief on death/ disability of Govt. servants covered under NPS – Identification of beneficiary by banks – Railway Board

भारत सरकार GOVERNMENT OF INDIA
रेल मंत्रालय MINISTRY OF RAILWAYS
रेलवे बोर्ड (RAILWAY BOARD)

RBA No. 83/ 2019

No. 2014/ AC-II/21/4

New Delhi, dated 18.09.2019

PFAs,
All Indian Railways/ PUs.

Sub: Additional Relief on death/ disability of Govt. servants covered under NPS  identification of beneficiary

As per extant instructions issued vide M/o Finance letter No. 1(7)/ DCPS(NPS)/ 2009/ TA/ 221 dated 02.07.2009, the Banks are required to complete identification formalities of the beneficiaries under intimation to the CPAO (FA&CAOs in case of Railways) electronically to enable commencement of credit of pension to pensioners account. After identification of the Pensioner, his copy is to be invariably handed over by the concerned branch to the pensioner. However, due to lack of awareness among bank/beneficiaries, instances of delays in issuing the identification certificate by the banks were being reported, resulting in delay in commencement of payment of additional relief. The matter was taken up with RBI to issue suitable instructions to all the Banks to sensitise all their branches for expediting the certification process so that delays In commencement of pension in such cases are avoided. Necessary instruction in this regard have since been issued by RBI to all banks. A copy of the instructions issued by RBI is enclosed for information and necessary action.

DA: As above

(Sanjeev Sharma)
Director Finance/Accounts
Railway Board

भारतीय र‍िजर्व बैंक
RESERVE BANK OF INDIA

DGBA.GBD.No. 3182 /45.05.031/2018-19

June 28, 2019

The Director Finance/Accounts
Railway Board
Ministry of Railways
Government of India
New Delhi — 110 001

Dear Sir

Additional relief on death/disability of Government servants covered under NPS

Please refer to your letter No. 2014/AC-II/21/4 dated May 28, 2019 on the captioned subject.

2. As desired by your good office we have issued suitable instructions to all agency banks to scrupulously follow extant instructions issued by your office and expedite the certification process.

Yours faithfully

(Anita Kumari)
Assistant General Manager

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