Under the facility of disbursement of pension through Authorised Banks available to pensioners, a pensioner is entitled to receive his/her pension by getting it credited to a saving/current bank account operated individually by him/her. Para 4.1, 4.2 and 12.9 of the “Scheme for Payment of Pension for Central Government Civil Pensioners Through Authorised Banks” outline the present procedure for credit of pension to Bank Account of the pensioner.
It has now been decided to permit credit of pension also to a joint account operated by pensioner with his/her spouse in whose favour an authorization for family pension exists in the pension payment order (PPO). The joint account of the pensioner with the spouse could be operated either by ‘Former or Survivor’ or ‘either or survivor’ basis subject to the following terms and conditions: -
(a) Once pension has been credited to a pensioner’s bank account, the liability of the Government/Bank ceases. No further liability arises, even if the spouse wrongly draws the amount.
(b) As pension is payable only during the life of a pensioner, his/her death shall be intimated to the bank at the earliest and in any case within one month of the demise, so that the bank does not continue crediting monthly pension to the joint account with the spouse, after the death of the pensioner.
(c) Payment of Arrears of Pension (Nomination) Rules 1983 would continue to be applicable to a Joint Account with the pensioner’s spouse. This implies that if there is and accepted nomination’ in accordance with rules 5 and 6 of these Rules, arrears mentioned in the Rules shall be payable to the nominee. (from AFA )
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All veteran brothers may ensure that the PENSION ACCOUNT in banks/PDAs may be converted into JOINT ACCOUNT with SPOUSE name as mentioned in Part.B-FAMILY PENSION (COL.22) of the PPOs. The application format for the same and the relevant authority letter (can be copied from this blog) is furnished below, for the benefit of their information.
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No. CPAO/Tech/ Amendments/Sch.Book/2005-06/69
Govt of India, Min of Fin, Dept of Exp, Central Pension Accounting Office
Trikoot-II, Bhikaji Cama Place, New Delhi.
Dated: 09-06-2005
OFFICE MEMORANDUM
Sub:-Payment of pension through Authorized Banks-Credit of pension
to Joint bank account operated by a pensioner with his/her spouse.
1. Under the facility of disbursement of pension through Authorized Banks available to pensioners, a Pensioner is entitled to receive his/her pension by getting it credited to a saving /current bank account operated individually by him/her. Paras 4.1,4.2 and 12.9 of the "Scheme for Payment of Pension for Central Government Civil Pensioners Through Authorized Banks" outline the present procedure for credit of pension to Bank Account of the pensioner. - However, operation of a joint account is not permitted under the existing scheme.
2. The matter whether pensioners should be given an option to receive pension by getting it credited to their saving or current bank accounts operated jointly with their spouse, has been under consideration. It has now been decided to permit credit of pension also to a joint account operated by pensioner with his/her spouse in whose . favour an authorization for family pension exists in the Pension Payment Order (PPO). The joint account of the pensioner with the spouse could be operated either by 'Former or Survivor' or Either or Survivor' basis subject to following terms and conditions:
(a) Once pension has been credited to a pensioner’s bank account, the liability of the Govt/Bank ceases. No further liability arises, even if the spouse wrongly draws the amount.
(b) As pension is payable only during the life of a pensioner, his/her death shall be intimated to the bank at the earliest and in any case within 0ne month of the demise, so that the bank does not continue crediting monthly pension to the joint account with the .spouse, after the death of the pensioner. lf; however, any amount has been wrongly credited to the joint. account, it shall be recoverable from the joint account and/or any to her account held by the pensioner/spouse either individually or jointly. The legal heirs, successors, executors etc. shall also be liable to refund any which has been wrongly credited to the joint account.
(c) Payment of Arrears of Pension (Nomination) Rules 1983 would continue to be applicable to a Joint Account with the pensioner's spouse. This implies that if there is an 'accepted nomination' in accordance with Rules 5 and 6 of these Rules, arrears mentioned in the Rules shall be payable to the nominee.
3. Existing pensioners desiring to get their pension credited to a joint account as indicated above are required to submit an application to the branch bank, from where they are presently drawing pension in the enclosed form. This would also be signed by the pensioner's spouse in token of having accepted the terms and conditions laid down in this Office Memorandum. These instruction are also applicable to the Govt. servants who will be retiring of this Office Memorandum.
4. 'The existing Scheme shall stand modified to the extent indicated above Formal correction to the Scheme will be issued in due course by the Central Accounting Office."
5. All Ministries/Departments and all Authorized Banks are requested to give publicity to the Office Memorandum so that pensioners may avail of this benefit.
(Vadana Sharma)
Chief Controller (Pension)
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LETTER FORMAT - CONVERSION OF INDIVIDUAL PENSION A/C TO JOINT A/C
(Send letter to the Branch Manager of the bank which operates your Pension Account)
To
The Branch Manager
_________________
_________________
Sub: - Payment of pension under PPO No.____________________ through your bank branch.
Dear Sir/Madam,
I wish to receive my pension under PPO No._______________by getting it credited to the saving/current bank account no.____________________ which is operated jointly in your branch by me and my spouse, Mr./Mrs._______________________ in whose favour an authorization for family pension exits in the Pension Payment Order (PPO).
I have read and understood the contents of the Government of India, Ministry of Finance, Department of Expenditure, Central Pension. Accounting Office OM No.CPAO/Tech/ Amend-ments/S.ch Book/2005-06/69 dated 09.06.2005 which contains the following terms and conditions: Once pension has been to a pensioner's bank account, liability of the government/ bank ceases. No further liability arises even if the amount is wrongly drawn by the spouse.
(a) As pension is payable only during the life of a pensioner, his/her death shall be intimated to the bank at the earliest and in any case within one month of the demise, so that the bank does not continue crediting monthly pension to the joint account with the spouse, after the death of the pensioner. If, however, any amount has been wrongly credited to the joint account, it shall be recoverable from the Joint account and/or any other account held by the pensioner/spouse either individu1ly or jointly. The legal heirs, successors executors etc, shall also be liable to refund any amount, which has been . wrongly credited to the joint account.
(b) Payment of Arrears of pensions (nomination) Rule, 1983 would continue to be applicable to the joint account with pensioner's spouse. Thus. If there is an 'accepted nomination' in accordance with Rule 5 and 6 of these Rules, arrears mention in the Rules will be payable to the nominee.
I accept the above terms and conditions; My spouse too, in token of having accepted those terms and conditions, has put his/her signature below.
1. Signature of Pensioner:_____________________________
2. Signature of Spouse:_________________________________
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