Refund of Overpayment of pension to the Government Account – Recovery of Excess/Wrong Pension Payments made to the Pensioners
Refund of overpayment of pension to the Government Account – Recovery of excess/ wrong pension payments made to the pensioners RESERVE BANK OF INDIA www.rbi.org.in RBI/2014-2015/500 Ref.DGBA.GAD.No. H4054/45.03.001/2014-15 March 13, 2015 The Chairman / Chief Executive Officer All Agency Banks Dear Sir Refund of overpayment of pension to the Government Account – Recovery of excess/ wrong pension payments made to the pensioners Please refer to our circular DGBA.GAD.No.H-10450/45.03.001/2008-09 dated June 1, 2009 on the above subject advising that whenever any excess payment of government pension is detected, the entire amount should be credited to the government account immediately. 2. lt is hereby clarified that the above instructions contained therein presume an act of omission on the part of the agency bank. On the other hand, if the agency bank is of the view that the excess/wrong payment to the pensioner is due to errors committed by the government, they may t...