HC Penalises ₹1L Over Pension Delay
If life certificate is not submitted by pensioner; before stopping his pension, it is the duty of the bank to visit the house of pensioner and know the reason for non-submission.
Court ordered payment of all arrears, and also imposed a fine of ₹. One lakh on the Respondent.
Payment is to be made in two weeks, with 6% interest._
If payment not made in 2 weeks, the rate of interest increased to 18% percent interest.
A useful judgement for all the pensioners.
Kindly circulate this post to all Pensioners...
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