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RBI withdraws circulars on recovering excess payments made to pensioners

Pensioners had complained that the 'recovery of excess /wrong pension payments' was being done in violation of guidelines and court orders

Topics
Reserve Bank of India | Pension Payment Order

Anup Roy  |  Mumbai 



Governor Shaktikanta Das has pledged to stay accommodative well into 2021 as he tries to dig the economy out of an unprecedented technical recession
If the entire amount of over payment cannot be adjusted from the account, the pensioner would be asked to pay forthwith the balance amount of over payment

The (RBI) on Thursday withdrew three circulars on recovery of excess payments made to pensioners, saying the documents didn’t follow guidelines and court orders.

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First Published: Thu, January 21 2021. 18:01 IST

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