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.