State Bank’s Instructions for Govt Employees and Pensioners | Pension SOPs

Описание: Today, we will discuss the State Bank’s instructions for pensioners, family pensioners, and Government employees.
1. Never hand over your ATM card to anybody.
2. Never share your PIN code with anybody.
3. Don’t share your ATM card number.
4. Don’t share your OTP.
The following are the pension SOPs.
Instructions of the State Bank of Pakistan regarding biometric verification, life certificate, and non-marriage certificate are given below;
1. Pensioner shall be required to undergo biometric verification from any branch of a bank maintaining his/ her pension account, every year in March and September. If the pensioner is unable to undergo biometric verification due to incapacitation by bodily illness, infirmity, or if his/ her fingerprints do not exist due to old age or a genetic condition, he/she will provide a life certificate as per the SOPs.
2. In case of family pension, Non-Marriage declaration shall be obtained from pensioners on or before 30th September of each year instead of March and September.
3. Submission of the above-mentioned Non-Marriage declaration will be dispensed with after the widow/ daughter/ sister of the pensioner (family pension recipient) attains the age of sixty years.
4. If a pensioner fails to submit a life certificate or fails to undergo biometric verification during March and September or a pensioner does not draw a pension for consecutive six months, the account shall become dormant.

State Bank’s Instructions for Govt Employees and Pensioners | Pension SOPs
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