Posts

Showing posts with the label Pension Payee Scheduled Bank

Central Government News

NON-ACCEPTANCE OF NOMINATION FORM FOR LIFE TIME ARREAR (LTA)

CPAO GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE CENTRAL PENSION ACCOUNTING OFFICE TRIKOOT-II, BHIKAJI CAMA PLACE, NEW DELHI-110066 CPAO/IT &Tech/Bank Performance/37 [Vol-111)/2018-19/22 15.05.2018 Office Memorandum Subject :- Non-acceptance of Nomination Form for Life Time Arrear (LTA). It has been observed that Pension Payee Scheduled Bank branches are not accepting Nomination Form for “Life Time Arrear” on the pretext that their branch has not received any instructions from their head office. As per para 23 of the Scheme Booklet on acceptance of Nomination Form for Life Time Arrears provides that where the Nomination for the payment of arrears does not exist then the Authorized Bank will seek instructions of the CPAO, who will in turn, refer the matter to AG/CCA/CA/Dy.CA for obtaining the requisite sanction of Head of the Office. As such, the claimant can also approach the Head of Office where the pensioner served before his/her retirement/ death. Moreover ...