Question
Which bank has been authorised by the Reserve Bank of
India (RBI) for the disbursement of pensions through e-PPOs on behalf of the Ministry of Railways so as to operationalise the pension disbursement process?Solution
Bandhan Bank has announced that it has been authorized by the Reserve Bank of India (RBI) for the disbursement of pensions through e-PPOs on behalf of the Ministry of Railways. The Bank will soon be integrating with the Ministry of Railways to operationalise the pension disbursement process. This authorisation enables Bandhan Bank to disburse pensions to all employees of the Ministry of Railways who have retired from their service.
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