7th Pay Commission: Joint bank account no longer required for spouse pension

In an enormous reduction for many pensioners, the Union authorities has introduced that it’s no longer obligatory to open a joint bank account to obtain a spouse pension. Union minister of state for personnel, public grievances and pensions Jitendra Singh mentioned that the comfort has been determined upon for the “ease of living” of all retirees and pensioners.

According to the brand new guidelines, if the top of an office is happy that it’s not doable for the retiring authorities servant to open a joint account along with his or her spouse for causes past their management, this requirement could also be relaxed and the retiree can avail pension with no joint bank account, an official assertion mentioned.

The authorities has additionally suggested all banks disbursing central authorities pension that in case the spouse (household pensioner) opts for the prevailing joint bank account for the credit score of household pension, banks shouldn’t insist on opening a brand new account.

A joint bank account with the spouse is nevertheless fascinating, the assertion issued by the personnel ministry added, and it’s to be opened with their spouse in whose favour an authorisation for household pension exists within the Pension Payment Order (PPO).

Singh knowledgeable that operation in these accounts can be on a “former or survivor” or “either survivor” foundation as desired by the pensioner.

The authorities mentioned {that a} joint account will be sure that pension is commenced with none delay, with minimal documentation and the household pensioner shouldn’t be subjected to difficulties of opening a brand new account, the assertion mentioned.

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