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Is it necessary for the pensioner to open a separate pension account for the purpose of crediting his/ her pension in authorized bank?

April 26, 2017account authorized Bank crediting necessary Pension Pensioner purpose separate

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Is it necessary for the pensioner to open a separate pension account for the purpose of crediting his/ her pension in authorized bank?

1 Answer

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The pensioner is not required to open a separate pension account. The pension can be credited to his or her existing savings/ current account maintained with the branch selected by the pensioner.