P&H HC: No Pension Recovery Without Prior Notice; RBI Directed to Issue Instructions

The Punjab & Haryana High Court held that banks cannot recover pension amounts without issuing prior notice or obtaining consent of pensioners. The Court observed that unilateral deductions violate principles of natural justice and financial security of senior citizens. It directed the RBI to frame uniform guidelines for all banks to ensure transparency and safeguard pensioners’ rights. The judgment strengthens procedural fairness in the banking sector.