In a circular issued earlier this month (April 1), the RBI has said that pension paying banks should compensate the pensioner for delay in crediting pension/ arrears at a fixed interest rate of 8 percent per annum.
In a circular issued earlier this month (April 1), the RBI has said that pension paying banks should compensate the pensioner for delay in crediting pension/ arrears at a fixed interest rate of 8 percent per annum.