The Ministry of Personnel, Public Grievances & Pensions has clarified that joint bank account not mandatory for spouse pension
Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh, who is also Incharge Department of Pensions, today clarified and reiterated that Joint Bank Account is not mandatory for Spouse Pension.
The Minister said, the government headed by Prime Minister Narendra Modi has always sought “ease of living” for all sections of society including the retirees and pensioners who are the nation’s assets with all their experience and long years of service rendered by them.
Speaking to media after a meeting with senior officials of the Pension Department, Dr Jitendra Singh said, in case the Head of Office is satisfied that it is not possible for the retiring Government Servant to open a joint account with his/her spouse for reasons beyond his/her control, this requirement may be relaxed. All agency banks disbursing Central Government pension have been advised that in case the spouse (Family pensioner) opts for the existing joint bank account for credit of family pension, banks should not insist on opening a new account.
The Minister, added that a joint bank account with spouse is however desirable and it is to be opened with their spouse in whose favor an authorization for family pension exists in the PPO. Operation in these accounts would be on “former or survivor” or “either or survivor” basis as desired by the pensioner, he added.
The reason for opening of joint bank account is to ensure that family pension may be commenced without any delay and the family pensioner is not subjected to any hardships for opening of a new pension bank account. This also ensures minimum documentation for the family pensioner while submitting request for commencement of family pension.
Join EduTaxTuber Network for the Latest updates on Income Tax, GST, Company Law, Stock Market and other related subjects.
Also, read other articles @ EduTaxTuber
-
Notification No. 37/2021 Central Tax- Seeks to make amendments to the CGST Rules, 2017
-
Government to introduce a Bill to Regulate Crypto Currency: Private Cryptocurrency to be banned and RBI to issue new crypto
-
New AIS includes additional information relating to interest, dividend, securities transactions, mutual fund transactions, etc.
-
Important Income Tax Due Dates for November 2021
-
Important Income Tax Due Dates for October 2021
-
RBI to Impose Monetary penalty on Banks for Non-Availability of Cash in ATMs
-
How to Download ITR Acknowledgement from New e-filing Portal?
-
ICAI | Extension of the time period for admission in Foundation Course
-
What is e-RUPI? | The New Digital Payment
-
GST Annual Return & Audit (GSTR 9 & GSTR 9C) For FY 2020-21
-
CMA-Extension of time for submission of online Examination Application Form
-
FAQs – Filling of ITR forms for Assessment Year 2021-22
-
FAQs on Covid 19 Vaccination
-
How to Verify the PAN Details Online?
-
How to Download Covid 19 Vaccination Certificate?
-
Circular No. 2 of 2021- Clarification in respect of Residential Status
-
Case Study Digest at the Final level-ICAI
-
CBDT Issues Refunds to Taxpayers between 1.04.2020 to 28.02.2021
-
Post Office Saving Account | Now Maintaining Minimum Balance is Mandatory
-
Shortcut Key in Tally – Tally ERP & TallyPrime
-
Learn How to Create a Company in TallyPrime?
-
How to E-Verify ITR
-
How to Check Income Tax Refund Status -Online
-
How to download ITR form (Java/Excel)?
-
Goods and Service Tax-List of Central Tax Notifications 2020
-
Know All About TDS – Rates, Due Dates, Forms & Challans, etc.
-
What is Form 15G and 15H? ( How to avoid TDS on interest income)
-
Latest Update: MCA Extends Time Line for AGM and EGM
-
Court Refuses Anticipatory Bail to CA Accused of Forgery and GST Evasion
-
Income Tax Advisory for Validation of Bank Account for Income Tax Refund
-
GSTN Advisory on MERA BILL MERA ADHIKAAR SCHEME
-
MCA Issued Circular for Condonation of delay in Filing Form-3, Form-4, and Form-11
-
Steps For e-Invoicing: A Step-by-Step Guide for e-invoice
-
Income Tax Notification No. 43/2023: CBDT Notifies New Form 10IEA
-
CA Foundation Result: 7th August 2023- Check Result @ ICAI
-
To Curb Black Money: CG in consultation with the Chief Justice of the High Court of Jharkhand designates special economic offense court
-
Sum – Excel Practice Online

We are here to help for every updates related to everything…👍📙👍📗