Indian Finance Ministry mandates monthly pension payments by last working day, with zero tolerance for delays.

The Indian Finance Ministry has mandated that banks must credit pensions to central government pensioners' accounts by the last working day of each month, with March payments due on the first working day of April. The ministry emphasizes zero tolerance for delays and requires banks to submit electronic reports confirming pension credits. This initiative aims to alleviate concerns over previous delays in pension disbursement and improve the overall process.

October 03, 2024
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