Pension payment no more in cash : 24th may07 ~ E-Pao! Headlines

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Pension payment no more in cash
Source: The Sangai Express

Imphal, May 23: With a view to check payment of pensions to unauthorised persons and eliminate all possibility of pension being paid to non-existent pensioners, payments of pension in cash has been discontinued with immediate effect.

Issuing a memorandum to this effect today, Commissioner of Finance RR Rashmi said pensions of all categories shall, henceforth, be paid only through bank account opened by the pensioner in a bank with which the Treasury normally conducts banking operations or any other bank branch of his/her choice provided it is located in the same district headquarters.

At the time of opening the bank account, it shall be mandatory for the bank to obtain endorsement from the concerned Treasury Bank, the memorandum said.

Treasury Officer will ensure that payment of pensions with effect from January 1, 2007 are credited to the respective bank accounts of the pensioners duly endorsed by him/her and no payments are made in cash, the memorandum said, adding that Treasury Officers shall be personally responsible for enforcement of the orders.

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