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Opening and operating the accounts of the beneficiaries of Indira Gandhi National old Age Pension Scheme (IGNOAPS)


 Notice Date : 01 November 2010

 Opening and operating the accounts of the beneficiaries of Indira Gandhi National old Age Pension Scheme (IGNOAPS)

 

RBI/2010-11/253

RPCD.CO.FID. BC.No. /12.01.012/2010-11

November 1, 2010

 

The Chaiman & Managing Director/

Chief Executive Officer

 

All Scheduled Commercial Banks

(Including Regional Rural Banks)

 

Dear Sir,

 

Opening  and operating the accounts of the beneficiaries of Indira Gandhi National old Age Pension Scheme (IGNOAPS).

 

Government of India has advised that the Committee on National Policy on Older Persons in their 4th review meeting stressed on the need for an elderly friendly policy and to take concrete steps to make available  adequate resources to this segment of the population. One of the decisions of the Committee was that the money should be directly transferred to the bank accounts of beneficiaries of Indira Gandhi National Old Age Pension Scheme.

 

2 Accordingly, you are advised to instruct your branches to facilitate opening of bank accounts of the beneficiaries of IGNOAPS  to enable the Govt. of India to transfer the funds directly in to these accounts.

 

Yours faithfully

(Dr.Deepali Pant Joshi)

Chief General Manager-in-Charge

 

 

Guest
on 03 November 2010
Notification No : RPCD.CO.FID. BC.No. /12.01.012/2010-11
Published in Others
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