COMPENSATION FOR DELAYED PAYMENT OF PENSION ARREARS

COMPENSATION  FOR  THE DELAYED PAYMENT OF PENSION ARREARS

The Reserve Bank of India have issued instructions through its Master Circular dated July 01, 2010 to pay compensation to the pensioners for the delayed payment of pension arrears w.e.f. 01.10.2008 automatically without waiting for any application from the pensioner.

Leave alone the compensation, the banks don’t pay even the revised pension in time.  The following pensioners and family pensioners were paid revised pension arrears on the intervention of Exwel Trust with prolonged correspondence.  As per the RBI circular these pensioners have not been paid compensation so far.  Even after individual representation from the pensioners, the banks have not responded so far.

Name of the pensioner	Pension paying bank	Compensation claimed
Smt.Nagajothi	SBI Kovilpatti, Tamilnadu.	Rs.52,614
Smt.Saraswathi	IOB Puliangudi, Tamilnadu	Rs.13,326
Smt.Amirtham	IOB Puliangudi, Tamilnadu	Rs.13,326
Hon.Lt.G.R.Muthukan	Corp.Bank, Palayamkottai TN	Rs.12,176
Hon.Lt.G.Ramasamy	IOB Surandai, Tamilnadu.	Rs.11,471
Hon.Lt.SavarimuthuAmalraj	Canara Bank, Kayatar, TN	Rs.8,205
Hon.Capt.Jeyam	Canara Bank, Nazareth, TN	Rs.17,105
Smt.S.Parvathi	SBI Tirunelveli Town, TN	Rs.13,996
Smt.Andal	Indian Bank, Erode, TN	Rs.1,47,820

 We request the Banking Ombudman to take up the cases for payment at an early date.