**Summary:**
This policy document, issued by the Reserve Bank of India (RBI) on January 21, 2021, announces the withdrawal of specific circulars pertaining to the recovery of excess pension payments made to pensioners by agency banks. The circulars withdrawn are: DGBA.GAD.No.296045.01.001/2015-16 dated March 17, 2016; CO.DGBA.NBS.No.44/GA.64/11CVL/90-91 dated April 18, 1991; and CO.DGBA.NBS.No.50/GA.64/11CVL/90-91 dated May 6, 1991.
While these RBI-issued circulars are rescinded, agency banks are instructed to seek guidance from the respective Pension Sanctioning Authorities regarding the appropriate procedures for recovering any excess pension amounts paid.
The document clarifies that guidelines outlined in Circular Nos. DGBA.GAD.H/10450/45.03.001/2008-09 dated June 1, 2009, and DGBA.GAD. H.4054/45.03.001/2014-15 dated March 13, 2015, should be followed regarding the refund of excess/wrong pension payments to the government. Furthermore, agency banks are reminded that in cases where excess pension payments resulted from bank errors, the full excess amount must be immediately refunded to the government without awaiting recovery from the pensioners.
For further information, contact Charulatha S. Kar, Chief General Manager, Department of Government and Bank Accounts, Central Office, Reserve Bank of India, Opp. Mumbai Central Railway Station, Byculla, Mumbai – 400 008. Contact can be made via telephone at 022-2308 4121, fax at 022-2300 0370 / 2301 6072 / 2301 0095, or email at cgmicdgbacorbi.org.in. The RBI website is www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, also referred to as RBI.
Agency Banks: Banks authorized to disburse pensions on behalf of the government.
Department of Government and Bank Accounts: A department within the Reserve Bank of India.
Pension Sanctioning Authorities: Entities responsible for authorizing pension payments.
DGBA.GAD.H1045045.03.001200809 dated June 1, 2009: A circular issued by the Reserve Bank of India regarding refund of excess/wrong pension payments.
DGBA.GAD. H.405445.03.001201415 dated March 13, 2015: A circular issued by the Reserve Bank of India regarding guidelines for refund to the government of excess/wrong pension payments.
Mumbai, Maharashtra: City in India where the central office of the Reserve Bank of India is located.
Charulatha S Kar: Chief General Manager at Reserve Bank of India.
भारतीय �रज़व र् बक�
________________ RESERVE BANK OF INDIA ________________
www.rbi.org.in
RBI/2020-21/84
DGBA.GBD.No.SUO 546/45.01.001/2020-21 January 21, 2021
The Chairman / Chief Executive Officer
All Agency Banks
Dear Sir,
Withdrawal of circulars - on Recovery of excess pension made to pensioners
It has been brought to the notice of RBI that the recovery of excess /wrong pension
payments from the pensioners are being made in a manner that is not in keeping with the
extant guidelines / Court orders.
2. This issue has been examined by RBI and it has been decided that the following
circulars issued by Department of Government and Bank Accounts, Reserve Bank of India
related to recovery of excess pension paid by agency banks stands withdrawn with effect
from the date of this circular -
a) Circular no DGBA.GAD.No.2960/45.01.001/2015-16 dated March 17, 2016
b) Circular no CO.DGBA (NBS) No.44/GA.64 (11-CVL) 90/91 dated April 18, 1991
c) Circular no CO DGBA (NBS) No.50/GA.64 (11-CVL) 90/91 dated May 6, 1991.
3. It may please be noted that though the above-mentioned circulars issued under the
signature of RBI stand withdrawn, agency banks are requested to seek guidance from
respective Pension Sanctioning Authorities regarding the process to be followed for recovery
of excess pension paid to the pensioners, if any.
4. As regards the issue of refund to be made to the government of excess/wrong
pension payments, banks may be guided by the guidelines laid down in our Circulars Nos.
DGBA.GAD.H10450/45.03.001/2008-09 dated June 1, 2009 and DGBA.GAD.
H.4054/45.03.001/2014-15 dated March 13, 2015. Agency banks are again advised that,
where excess pension payment has arisen on account of mistakes committed by the bank,
the amount paid in excess should be refunded to the Government in lumpsum immediately
after detection of the same and without waiting for recovery of any amount from the
pensioners.
Yours faithfully
(Charulatha S Kar)
Chief General Manager
सरकार� एव ं बक� लेखा �वभाग, केन्द्र�य कायालर् य, मुंबई स�ट्रल रेल्वे स्टेशन के सामन,े भायखला, मुंबई - 008 400
Department of Government & Bank Accounts, Central Office, Opp. Mumbai Central Railway Station, Byculla, Mumbai - 400 008
Telephone: (022) 2308 4121, Fax No. (022) 2300 0370/2301 6072/2301 0095, e-mail: cgmicdgbaco@rbi.org.in
�हन्द� आसान है, इसका प्रयोग बढ़ाइए ।