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RBI tells banks to continue joint account for surviving spouse's pension
Update / Judgement Date
01 Apr 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
The RBI has instructed banks to continue joint accounts for the surviving spouse's pension. This directive aims to simplify the pension disbursement process. The move provides financial security for surviving spouses. The RBI's instruction ensures continuity in pension payments. This policy change streamlines banking procedures for pensioners. This measure reflects the RBI's commitment to protecting the interests of pensioners. This directive simplifies the post death pension process.