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- Category: Miscellaneous
- #579283Are such service banks having core banking facilities i.e. are online transactions possible? Is there a system of pensioners having their savings bank account in the bank and the pension is credited directly to their account instead of disbursing the same in cash directly in the hands of the pensioners each month after undergoing the process of verification using Aadhar Card and taking signature/thumb impression?
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- #579288The Order from the Government specifically states that the amount must be handed over in person at home. In certain cases pensioners were not at home, even after two visits by the distributing agent, pensioners came to the bank with identification details to collect pension. For such persons the amounts were distributed at bank. Government have not directed to remit the same in pensioner's SB account, even if one has such an account. (Many of the pensioners are aged, sick and less educated - cannot come all the way to the Bank). Service Cooperative Banks are not connected through the core banking system. (This facility exist between the Head office and Branches of the Bank).
Gold Member ISC
- #579293The old age pension scheme is prevalent in almost all the state. Either too it was misused by the middle men and only pittance was reaching the real beneficiary or nothing. Having gauged this problem the Telangana government has ensured that only the beneficiary shall come the the bank and the Manager shall identify the senior citizen and then hand over the money without any hassle. Each senior citizen is getting 1000 per month on the first day of every month and that is really helpful because elders if they want to spend for themselves, they have to rely on others and this money would be self earning for them.
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- #579302I appreciate the efforts doing your bank and your state government. The things explained by Mr,TM Sankaran is vey satisfactory. Let other banks and states should take such type of initiatives.
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