Joint bank account not mandatory for spouse pension: Government

Joint bank account not mandatory for spouse pension: Government

The government on Saturday said that joint bank account is not mandatory for spouse pension.

Union Minister of State for Personnel, Public Grievances and Pensions Jitendra Singh said that the Narendra Modi government has always sought “ease of living” for all sections of the society, including retirees and pensioners, with all their experience and long years of service. The property of the country. By them.

This requirement may be relaxed if the Head of Office is satisfied that it is not possible for a retiring government servant to open a joint account with his or her spouse for reasons beyond his control, an official statement said. can.

All banks disbursing Central Government pension have been advised that if the spouse (family pensioner) opts for an existing joint bank account for credit of family pension, banks should not insist on opening a new account.

However, a joint bank account with the spouse is desirable and it is to be opened with their spouse in whose favor an authorization exists for family pension in the Pension Payment Order (PPO), said the statement issued by the Personnel Ministry. has gone.

Singh said that these accounts would be operated on “Former or Survivor” or “Either or Survivor” basis as per the wish of the pensioner.

The reason for opening a joint bank account is to ensure that the family pension can be started without any delay and the family pensioner does not face any difficulty in opening a new pension bank account, the statement said.

It also ensures minimum documents for the family pensioner while submitting the request for starting family pension.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is generated automatically from a syndicated feed.)

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