Bandhan Bank Authorized by RBI for Civil Pension Disbursement

Bandhan Bank Authorized by RBI for Civil Pension Disbursement

Daily Current Affairs   /   Bandhan Bank Authorized by RBI for Civil Pension Disbursement

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Category : Business and economics Published on: September 01 2023

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  • In a significant development, Bandhan Bank has been granted authorization by the Reserve Bank of India (RBI) to serve as an authorized pension disbursement bank. 
  • This authorization is in association with the Central Pension Accounting Office (CPAO), a part of the Ministry of Finance. 
  • The bank is set to collaborate closely with the CPAO to initiate and streamline the process of disbursing civil pensions.
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