Page 50 - Banking Finance April 2016
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RBI CIRCULAR
Institutions, insurance companies, State Governments procedure in consultation with the Controller General
and Government of India and its access to all concerned of Accounts and various non-civil Ministries for recovery
along with seeding of Aadhar Number of the farmers are reiterated below:
will go a long way in providing real time data with no As soon as the excess/wrong payment made to a
scope of duplication & shall also speed up payment of
claims to the affected farmers. pensioner comes to the notice of the paying
branch, the branch should adjust the same against
A Crop Insurance Portal www.agri-insurance.gov.in has the amount standing to the credit of the
been operationalised by GOI for effective pensioner's account to the extent possible including
administration of the Crop Insurance Programme but lumpsum arrears payment.
its integration with banks is essential for capturing the
requisite data/information on real time basis. In view If the entire amount of over payment cannot be
of the above Government of India has proposed to adjusted from the account, the pensioner may be
initiate development of an integrated platform on a asked to pay forthwith the balance amount of over
pilot basis for providing real time information at one payment.
place for use by all agencies.
In case the pensioner expresses his inability to pay
6. You are advised to ensure strict compliance by your the amount, the same may be adjusted from the
bank of the provisions of the Schemes/Guidelines and future pension payments to be made to the
ensure coverage of 100% of defined loanee farmers pensioners. For recovering the over-payment made
along with good number of non-loanee farmers with to pensioner from his future pension payment in
effect from April 1, 2016 to achieve the defined installments 1/3rd of net (pension + relief) payable
objectives and targets fixed under the Scheme. each month may be recovered unless the pensioner
concerned gives consent in writing to pay a higher
Yours faithfully installment amount.
(A Udgata)
Principal Chief General Manager If the over payment cannot be recovered from the
pensioner due to his death or discontinuance of
Recovery of excess payments made to pension then action has to be taken as per the
pensioners letter of undertaking given by the pensioner under
the scheme.
RBI/2015-16/340
The pensioner may also be advised about the
DGBA.GAD.No.2960/45.01.001/2015-16 details of overpayment/wrong payment and mode
of its recovery.
The Chairman / Chief Executive Officer
All Agency Banks The above uniform procedure may be strictly adhered
to while effecting recovery of excess/wrong pension
Dear Sir, payments made to pensioners.
1 We have been receiving complaints from pensioners
2. As regards the issue of refund of excess/wrong
stating that the recovery of excess/wrong pension payments to the government, banks may be guided by
payments are being made in a manner that is not in the guidelines laid down in our Circulars Nos.
keeping with the extant guidelines. In this connection, DGBA.GAD.H-10450/45.03.001/2008-09 dated June 1,
the instructions contained in circular Nos. CO.DGBA 2009 and DGBA.GAD.H.4054/45.03.001/2014-15 dated
(NBS) No. 44/GA.64 (11-CVL) 90/91 dated April 18, March 13, 2015.
1991 and CO.DGBA (NBS) No. 50/GA.64 (11-CVL) 90/
91 dated May 6, 1991 laying down an uniform Yours faithfully
(Manish Parashar)
Deputy General Manager
50 | 2016 | APRIL | BANKING FINANCE
