The government has decided to transfer accounts of central freedom fighter pensioners from the State Bank of India (SBI) to other banks, as the SBI services have been found faulty in this regard, the Rajya Sabha was informed on Wednesday.
In a written reply, Minister of State for Home Affairs Kiren Rijiju said that due to certain irregularities on part of the SBI, the government has decided to transfer disbursal of freedom fighters' pensions to a bank of their choice.
The SBI was accused of irregularities like paying pension to over 3,000 dead pensioners for many years, payment of wrong amount of pension and delayed payment of revised dearness relief.
"On account of these irregularities, more than Rs.16 crore has already been recovered from the SBI.
"In order to avoid any hardship to the pensioners, they have been advised to open account in any bank of their choice," the minister said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
