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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Sunday, December 25, 2022

Disbursement of Railway Pension through Private Sector Banks

Disbursement of Railway Pension through Private Sector Banks

Government of India
Ministry of Railways
Railway Board

Non RBA Letter

No. 2018/AC-I1/21/2/ARPAN

New Delhi, dated 21.12.2022

Pr.Financial Advisors,
All Zonal Railways & PUS

Pr. Chief Personnel Officers,
All Zonal Railways & PUs

Sub :- Disbursement of Railway Pension through Private Sector Banks.

Ref: Board’s Letter No. 2021/AC-I1/9/2/e dated 18.02.2022(RBA No. 12/2022) and No. 2010 /AC-II/21/12(pt) dated 23.02.2022 (RBA no. 14/2022), Letter No. 2018/AC-II/21/2/ARPAN dated 12.05.2022 (RBA No. 29/2022)

Please connect Board’s letter of even no. dated 12.05.2022 conveying the preparedness of Axis Bank for processing of e-PPOs received from Zonal Railways and Production Units. Now, HDFC Bank has also confirmed that the bank has completed all technical modalities in this regard. Railway Pensioners can now opt for drawal of pension from HDFC Bank.

This is for kind information.

(Ajay Bartwal) 
Joint Director Finance/CCA
Railway Board

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