It is seen that SBI and may be most other banks also have not yet been able to pay arrears to Lt Col/eqivalents till dt for reasons best known to them and apparently neither PCDA Pensions nor AG's Branch seems to be asking them to account for their failure.What is worse is the selective payment to some against payment ranging from Rs200 to 500 on the basis of calculations carried out by some private indiviual making it seem like side business.Unless corrective action is taken and soon many more officers may bribe their way to get th eir due.
Rs1000/ is withheld from officers gratuity with the note on reverse of ppo stipulating its auto-credit after 6 months. The banks and PCDA leave it at that.I got mine back after 6 years wiht many ltrs and reminders n personal visits and am sure many may not have claimed/got it.It'd therefore be better to stipulate that the banks to render annual report to PCDA giving details of cr to affected officers and interest payment at FD rates paybale by banks for defaults.
