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RESERVE BANK OF INDIA
www.rbi.org.in
DGBA.GAD.No.H-10450/45.03.001/2008-09
June l, 2009
Jyeshtha 10, 1931 (S)
The Chairman / Managing Director
Chairman & Managing Director
State Bank of India & its Associate Banks
Nationalised Banks & IDBI Bank Ltd.
ICICI Bank Ltd, Axis Bank Ltd, HDFC Bank Ltd.
Dear Sir,
Refund of overpayment of pension to the Government Account
We have been advised by the Government of India that the overpayments of
pension made by the banks are not credited back to Government account by the
banks in lump sum but are remitted in installments as and when recovered from
the pensioner. As this causes loss to the Government, we advise you that
whenever any excess/ overpayment is detected the entire amount thereof should
be credited to the Government account in lump sum immediately.
Yours faithfully,
Sd/-
(P.M.Rajagopal)
Assistant General Manager
