Issue of Pension slip by Pension Disbursing Banks on monthly basis

Quick Summary
Pension Disbursing Banks are now required to issue monthly pension slips to all pensioners. This initiative aims to improve the 'Ease of Living' for pensioners by providing a clear breakdown of their pension payments, including Dearness Relief and tax deductions. The slips will be sent via SMS, email, or messaging apps like WhatsApp.

No. 1(4)/2021-P&PW(H)-7223

Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Pension and Pensioners’ Welfare
***

8th Floor, B-Wing,
Janpath Bhawan, Janpath,
New Delhi-110001
Dated: 22nd June, 2021

OFFICE MEMORANDUM

Subject:- Issue of Pension slip by Pension Disbursing Banks on monthly basis.

In order to ensure “Ease of Living’ of the Pensioners, a meeting was held with the CPPCs of Pension Disbursing Banks on 15.06.2021, wherein the issue of providing the breakup of monthly pension to the pensioners was discussed. The banks were impressed upon to undertake this welfare measure, as this information is required by pensioners in connection with Income Tax, Dearness Relief payment, DR arrears etc. The banks welcomed the idea and expressed their willingness to provide the information.

2. Accordingly, the undersigned is directed to request all Pension Disbursing Banks to issue pension slip to pensioners after credit of pension on their registered mobile numbers through SMS and email (wherever available) also. Banks may also use social media apps whatsapp etc in addition to sms and email. The pension slip should provide complete details of monthly pension paid along with break-up of the amount credited and tax deductions etc. if any.

3. The CPPCs of Pension Disbursing Banks are requested to ensure compliance of the above instructions for improving the “Ease of Living” for pensioners.

(Naresh Bhardwaj)
Deputy Secretary to the Government of India
Tel No:- 23310108

To,

1. CMDs of all Pension Disbursing Banks

2. CPPCs, all Pension Disbursing Bank

Copy for information to:-

1. PS to Hon’ble MoS(PP)

2. Secretary, Department of Financial Services, Jeevan Deep Building, Sansad Marg, New Delhi.

FAQ :

Banks are issuing monthly pension slips to improve the 'Ease of Living' for pensioners and provide them with essential information regarding their pension payments, which is useful for tax purposes and tracking Dearness Relief.

Pension slips will be sent to your registered mobile number via SMS, and to your email address where available. Banks may also use social media apps like WhatsApp.

The pension slip will provide complete details of the monthly pension paid, including a breakdown of the amount credited and any tax deductions.

The directive was issued on 22nd June 2021, following a meeting with Pension Disbursing Banks on 15th June 2021.

 

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Notification No : 1(4)/2021-P&PW(H)-7223
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