POSTED BY October 20, 2013 10:04 pm COMMENTS (3)ON
Every year in the month of November pensioners drawing their pension from Public sector Banks are required to Submit life certificates in support of being alive to the date
Is it right on part of Bank to ask the pensioners concerned to produce such certificate signed by some other authorities instead of attesting the same on their own after pensioner presents himself before them along with pension papersand continue payment?
As per my understanding Bank being pension Disbursting authorities in respect of pensioners drawing pension from their branch under PSB scheme, it is bank Manger who is to satisfy himself that pensioner is alive and certify the same and continue paying the pensioner. Am i right? If not is there any RBI guide lines in this regard?