Penal interest of 8% to be paid by Banks on delayed payment of Pension/Pension arrears-RBI Circular

Penal interest of 8% to be paid by Banks on delayed payment of Pension/Pension arrears-RBI Circular

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Grant of notional increment on 1st July I 1st January to the employees who retired from Central Govt, service on 30th June / 31st December respectively for the purpose of calculating their pensionary benefits - regarding.