There has been no undue delay in notifying pension by the Pension Sanctioning Authorities and no abnormal delays have been reported in payment of pension by the Pension Disbursing Agencies i.e. Banks, Treasuries and Defence Pension Disbursing Offices.
If the payment / pension has not been disbursed by the Bank on receipt of PPO, then as per the guidelines of Reserve Bank of India, interest @2% per month has to be disbursed on the amount due to the pensioners by the paying Bank, wherever delay occurred
This information was given by Minister of State for Defence Shri Jitendra Singh in a written reply to Shri JayantChaudharyin Lok Sabha today.
PIB
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