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RBI yet to order banks to clear dues of armed forces pensioners

Last Updated: Monday, May 13, 2013 - 14:02

New Delhi: Despite the Reserve Bank of India (RBI) ordering banks to clear all dues of armed forces pensioners, the former is yet to hand over these amounts.

According to a Right to Information (RTI) petition filed by Commodore Batra, the RBI had on April 22, 2013, issued a strong message to all banks for credit due amount to affected pre-2006 pensioners and family pensioners with eight percent compensation for the delayed period. But according to Commodore Batra, banks and the Ministry of Defence worked to delay payments.

According to the RTI, old age pensioners continue to make regular trips to banks, and a majority of them are still in dark about the status of their pension release.

Commodore Batra claims that he has repeatedly approached the RBI to find out the exact status on why the release pension is being delayed.

Commodore Batra revealed that he had also learnt about a meeting held between bankers and Secretary (ESW), Ministry of Defence, on 26 February 2013, wherein the government agreed for delay in the release of pensions through number of mails exchanged with the chairman and managing director of the State Bank of India and senior officials.

On May 9, 2013, Commodore Batra informed the concerned Deputy Governor of the RBI about the latest on the pension release issue, and was told that the RBI could be expected to take action in the coming week.


First Published: Monday, May 13, 2013 - 14:02
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