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Payment of Agency Commission on pension accounts – RBI Circular on 21.1.2016 Reserve Bank Of India

, by indianmilitaryveterans

RBI/2015-16/294 DGBA.GAD.No.2278/31.12.2010/2015-16 January 21,2016 The Chairman & Managing Director/ The Chief Executive Officer All Agency Banks Dear Sir/Madam Payment of Agency Commission on pension accounts As you may be aware, agency banks are being compensated at Rs.65 per transaction for handling pension computation, payment and related services on behalf of Central and State Governments. As per the norms followed by the Government, a pensioner’s account should not have more than 14 credit transactions in a calendar year attributable to pension and related arrear payments, if any. 2. It has however come to our notice that certain banks are apportioning payment of arrears on account of Dearness Relief (DR) and/or delay in start of pension monthwise, thus, resulting in inflated agency commission claims. It is reiterated that number of commisionable transactions for payment of agency commission on account of pension in a year should not exceed 14. This includes one monthly credit for payment of net pension and a maximum of two per year for payment of arrears on account of increase in DR, if applicable. 3. It is also reiterated that cases involving payment of arrears on account of late start/restart of pension qualifies as a single transaction for claiming of agency commission. In other words, any payment of arrears on account of late start/restart of pension should be effected in a single credit transaction instead of separate monthly credits. 4. Some of the Central Government Departments and State Governments prefer to compute the pension figures on their own and pass them on to banks for payment. Such transactions may be included under non-pension payments, on which agency commission is payable on a turnover basis as per the existing norms (currently at 5.5 paise per Rs. 100/-). Yours faithfully (Manish Parashar) Deputy General Manager Authority: https://rbidocs.rbi.org.in/

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Pension Of Havildars Granted Hony Rank Of Nb Sub After Their Retirement

, by indianmilitaryveterans

Large number of Havildars granted rank of Hony Nb Sub are approaching TSEWA to get them pension of Nb Sub.

As on today they are getting pension of Havildar plus Rs 226 only and not that of Nb Sub though there are Govt orders to this effect. This is result of little games played by little bureaucrats in Min of Def.

This matters has been examined with the available judgments. We found hon’ble Supreme Court dismissed review petition filed by Govt of India in Sohan Lal Bawa Vs Union of India in Civil Appeal No 13139 of 2011. Hence all pre – 2006 Hony Nb Subs are eligible to get pension of Nb Sub w.e.f. Jan 2006.

The AFTs Kochi, Chandigarh, Principal Bench, New Delhi and AFT Chennai ruled that all pre – 2006 Hony Nb Subs are to be granted pension of Nb Sub w.e.f. Jan 2006. The arrears on this account comes to Rs 2,40,897. All AFTs mentioned above have ruled that Govt of India has to pay them arrears from Jan 2006.

The Govt of India vide their letter No: 1(1)/88/D (Pen/Sers) dt 06 Nov 1991 enhanced pension of Havildars granted rank of Hony Nb Sub sum of Rs 100 over and above that of pension of Hav. This was further increased to Rs 226 vide Min of Def letter No: PC 10(1)/2009 D (Pen/Pol) dt 08 Mar 2010.

These enhancements were pronounced as not correct and all AFTs without exception ruled that hony Nb Subs are to be paid pension of Nb Sub w.e.f. Jan 2006. Only those hony Nb Subs who went to AFTs got pension of Nb Sub.

So all those hony Nb Subs who are still getting pension of Hav + Rs 226 are required to file a case in AFT to get pension of Nb Sub.

All Hony Nb Subs who want to get pension of Nb Sub are requested to intimate me your willingness. If TSEWA gets adequate number of litigants, we will fix legal fee in consultation with our legal counsel in Delhi as the case is intended to be filed in AFT (PB) Delhi at the earliest. Since we have judgments of hon’ble AFTs and hon’ble Supreme Court in our favour, we are sure to win this case at very low legal fee. All officers are requested to pass on this mail to known NCOs and put it in various mail groups.

All Hony Nb Subs are requested to intimate your willingness to join as litigants as Gp Capt CRR Sastry our legal expert will go to New Delhi to discuss this case with our legal counsel of AFT (PB) Delhi by 10 Feb 2016.

regards,

Brig CS Vidyasagar (Rtd) 9493191380; csvidyasagar@gmail.com

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Financial Loss Suffered By Pre – 2006 Disabled Soldiers

, by indianmilitaryveterans

Further to my earlier post on the subject. I have made calculations on MS Excel sheet for financial loss suffered from Jan 2006 to Dec 2015 by all Pre – 2006 disabled JCOs to OR on account of not getting broad banding benefit. Since one man job has some mistakes, kindly point them out and I will correct the arithmetical errors in the table.

TSEWA will soon file a case in AFT Delhi to get broad banding benefit to all such disabled soldiers. If you want to get higher disability element as per Circular 542 of PCDA (Pensions) Allahabad, kindly get in touch with Col PPS Kumaran (mob no: 9447101671) and e-mail id : ppskumaran@yahoo.com.

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CSD PRICE LIST

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