+3 votes
in Class 12 by kratos

Can the excess payment, if any, credited to the pensioner’* account be recovered by the bank?

1 Answer

+2 votes
by kratos
 
Best answer

Before commencing payment of pension, the paying branch is required to obtain an undertaking in the prescribed form Annexure-XI of the Scheme from the pensioner. On the strength of this undertaking the excess payment, if any, credited to his/her account can be recovered by the paying branch.

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