Tuesday, December 15, 2009

PAYMENT OF PENSION TO N.R.I. PENSIONERS:

Rule-17
17.1 The authorised bank may credit the pension amount of non-resident to a non-resident(ordinary) account opened/maintained as per provision of the Exchange Control. The amount of pension of a pensioner who has become non-resident may be credited to the said account after ensuring the personal identification and other requirements as stipulated under the Scheme (Para 12).
* In case of NRI pensioners / family pensioners who are unable to come to India for personal identification may be allowed pension / family pension on the basis of a certificate to be issued by an authorised official of the India Embassy / High Commission of India or Consul of India consulate in the country where the pensioner is residing. This certificate is to be issued on verification of Pensioner / Family Pension on the basis of photograph pasted in the PPO or on the basis of photograph pasted on the Passport or any other such document.
Authority:- No. 1(7)CPAO.S.Book/2005/T.A/585 dated 22.09.2006.
17.2 In case of the existing accounts, the pensioner should intimate the fact that he has become non-resident Indian to the pension paying branch in India and on receipt of the same the paying branch in India should convert the account of the pensioner to Non-resident Ordinary (NRO) Account.
17.3 The pensioner has to furnish the life certificate issued by an authorised official of the Embassy/High Commission of India or Consul of Indian Consulates or a Notary Public or an Officer of an Indian Authorised Bank attached to its branch in the country where the pensioner is residing, once in a year, in November.
17.4 The pensioner has to furnish other certificates viz. non- employment/re-employment certificate, Re-marriage/Marriage certificate as prescribed in the pension scheme (Annexures XVIII & XXVI) (Page 45 & 55).
17.5 The paying branches will credit the amount of pension due every month to the Non-resident Ordinary Account of the pensioner.
17.6 Withdrawals from the Non-Resident Ordinary Accounts will be governed by the instructions contained in the Exchange Control Manual and the paying branch should allow the withdrawal accordingly.
17.7 Pension credited to the Pensioner's Non-Resident (Ordinary) Account may be remitted by the bank to the Pensioners outside India, in case the Non-Resident Pensioner so desires, by debit to his NR (O)Accounts either by direct remittance or by credit to his NR(E) Accounts.
Authority CGA's UO No. 1(7) (1)2000/TA/468 dated 21-10-2003
17.8 The paying branch should return PPOs of such Non-Resident Indian pensioners who are drawing pension from them and are unable to furnish the prescribed life certificate to the pension sanctioning authority for arranging future payments to them.

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