Aug 23, 2014

Requirement of Life Certificate at the time of first credit of pension

Indian Military Veterans

Government of India
Ministry of Finance
Department of Expenditure
Central Pension Accounting Office
Trilkoot-II, Bhikaji Cama Place
New Delhi
CPAO/Tech/Life Certificate/2014-15/
28.07.2014
OFFICE MEMORANDUM
Subject: – Requirement of Life Certificate at the time of first credit of pension.
It has been observed that banks insist on the pensioners to physically appear in the bank to prove their existence to enable the bank authorities to issue Life Certificate before commencing first payment of pension. In this context, as per existing arrangement no provision of submission of life certificate at the time of First credit of pension is available. Moreover, as conveyed by this office OM No. CPAO/Tech/Simplification/2014-15/19 dated-28.05.2014 (copy enclosed) physical appearance in the paying branch is no longer required even for identification of pensioner. The bank has to identify the pensioner with reference to the information already available with bank obtained through KYC at the time of opening of bank account.
Therefore, Heads of Govt. Business Department of all banks are advised to instruct their CPPC and paying branches not to insist on the pensioners to issue life certificate at the time of first credit of pension.
This issues with the approval of competent authority
(Vijay Singh)
Sr.Accounts Officer (Tech)
source-http://cpao.nic.in/pdf/cpao_tech_life_certi_2014-15_99-175.pdf
at

No comments:

Post a Comment

Indian Military Veterans Viewers, ..

Each of you is part of the Indian Military Veterans message.
We kindly request you to make healthy use of this section which welcomes the freedom of expression of the readers.

Note:

1. The comments posted here are the readers' own comments. Veterans news is not responsible for this in any way.
2. The Academic Committee has the full right to reject, reduce or censor opinion.
3. Personal attacks, rude words, comments that are not relevant to the work will be removed
4. We kindly ask you to post a comment using their name and the correct email address.

- INDIAN MILITARY VETERANS- ADMIN