X- BPS – DIFF. IN P.L ENCASHMENT ON LFC – RETD/ PENSIONERS

Please  follow the following guidelines for payment of Diff.in.PL encashment on LFC to Retired/pensioners and find Attached Annexure. Forward the guidelines to all branches coming under your region.

X- BPS

DIFF. IN P.L ENCASHMENT ON LFC – RETD/ PENSIONERS

As per X BPS,  encashment  of P. L on LFC is retrospective and   encashment of LTC is Prospective. Accordingly we have to pay the difference in P.L Encashment to Pensioners/Retired members who availed this facility  during the period from 1.11.2012 to 31.7.2015.

In this regard we may advise the following guidelines to  Regional Offices and to the Branches for compliance.

Ø      Pensioner/Retired member should submit request letter(Annexure) to the Pension drawing branch / to  the last attached branch.

Ø      Pension paying branch/last attached branch has to forward  such a request letter(annexure) to the branches where the members have originally availed P.L. encashment  with covering memo by giving the member’s Savings Account number.

Ø      The  branch which has Originally paid such encashment has to pay the difference in PL encashment after thorough verification of sanction by debiting their P&L account and to be absorbed by them.

Ø      Central Office will not reimburse this payment.

Ø      Enclosed format of request letter (annexure) to be submitted by the Pensioners/Retired members.

 N.L.Venkateswara Rao

Senior Manager.

   PAD – SALARY SECTION-9002

   Ph.28519673

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