Question

    Which bank has been  appointed by Reserve Bank of India

    as an authorized pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO) for the civil pensioners?
    A IndusInd Bank Correct Answer Incorrect Answer
    B Bandhan Bank Correct Answer Incorrect Answer
    C Indian Overseas Bank Correct Answer Incorrect Answer
    D Canara Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Bandhan Bank has been appointed by Reserve Bank of India as an authorized pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO) for the civil pensioners. The authorisation entitles the bank to disburse pensions to the central government employees in civil ministries/departments (other than railways, posts, and defense), National Capital Territory of Delhi, Union Territory Administrations without legislatures, retired judges of the high courts and the Supreme Court and All India Service Officers.    This scheme also covers payment of pensions to former Members of Parliament and the payment of pension and other amenities to former Presidents/Vice Presidents of India.

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