RBI New Rule For Pensioners: The Reserve Bank of India has made an important change in the rules to pension, giving great relief to senior citizens. Under this new rule, banks can no longer deduct money from the pension accounts of senior citizens without any prior notice. It often happens that due to some technical problem, banks send excess money to the bank accounts of pensioners.
Then, without informing the pensioners, a large amount is deducted from their accounts at once. Due to this step of banks, senior citizens face difficulties in planning their future. In view of this problem, RBI has taken this step.
According to the new guidelines of the Reserve Bank of India, now no bank in the country can recover the excess payment made from the bank account of a government pensioner without any information. If the bank feels that it has transferred more than the pension amount to a pensioner, then the bank will have to give advance notice before making recovery. RBI’s new guidelines It is clear from this that banks will have to upgrade their systems in the matter of pension.
reserve Bank of India Under the new guidelines, notice alone is not enough, banks will also have to share information about when and at what time the additional money was paid from the pension money. Along with this, the bank will also have to provide information about the complete calculation sheet to the pensioners, which will prove that what the bank is saying is correct. Pensioners will also have to be informed about what the bank’s plan is regarding recovery. In which there should be complete details as to when and in how many months the recovery of excess payment will be made, which will make it easier for senior citizens to manage their accounts.
It has often been seen that pensioners do not have any information about the money deducted from their bank accounts. When he gets the passbook updated, he comes to know that during that period the bank had deducted the money all at once. In such a situation, this decision of RBI will not only put a stop to the arbitrariness of the banks, but senior citizens of the country will also be able to cross check the information received from the banks.
