Letter for Payment of pension through Bank

Letter for Payment of pension through Bank

Annexure-XXIX"

The Branch Manager,

_____ (Bank)

_____ (Branch and Address)

_____

Sub:- Payment of pension under PPO No. ____ through you bank branch.

Dear Sir/Madam,

I wish to receive my pension under PPO No._____ by getting it credited to the saving/current bank account No.______ which is operated jointly in your branch by me and my spouse, Mr./Mrs. in whose favour an authorization for family pension exists in the Pension Payment Order (PPO).

I have read and understood the contents: of the Government of India, Ministry of Finance, Department of Expenditure, Central Pension Accounting Office OM No..CPAO/Tech/Amendments/Sch.Book/2005-06/69 dated 09.06.2005 which contains the following terms and conditions: Once pension has been credited to a pensioner‘s bank account, liability of the government bank ceases. No further liability arises, even if the amount is wrongly drawn by the spouse.

(a) As pension is payable only during the life of a pensioner, his/her death shall be intimated to the bank at the earliest and in any case within one month of the demise, so that the bank does not continue crediting monthly pension to the joint account with the spouse, after the death of the pensioner. If,however, any amount has been. wrongly credited to the joint account, it shall be recoverable from the joint account and or any other account held by the pensioner/spouse either individually or jointly. The legal heirs, successors, executors etc., shall also be liable to to fund any amount, which has been wrongly credited to the. joint account.

(b) Payment of Arrears of Pensions (nomination) Rules, 1983 would continue to be applicable to the joint account with pensioner's spouse. Thus, if there is an 'accepted nomination' in accordance with Rules 5 and 6 of these Rules, arrears mentioned in the Rules will be payable to the nominee.

I accept the above terms and conditions. My spouse too, in token of having accepted those terms and conditions, has put his/her signature below.

1. Signature of Pensioner

2. Signature of Spouse