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Pension thru banks approved

ISLAMABAD: In pursuance of Supreme Court’s Order, the government has approved disbursement of pension, on the lines of salary payment, by direct credit to pensioner’s account maintained in any scheduled bank. According to a statement issued by the AGPR here on Thursday, the new procedure has been formulated to mitigate the problems being faced by pensioner – especially elderly pensioners.
“All pensioners have the option to opt for the new procedure or to continue drawing pension under existing arrangements”, the statement added.
It said that an option form has been devised for the pensioner, who wants to draw his/her pension through any bank.
The option form can be obtained from Accountant General Offices or downloaded from the following websites:;;;, and This option form will be sent by the pensioner to the Accounts Office form where his/her original PPO was issued, before submission of Option form to Accounts Offices, the Pensioner shall open the Account with the Bank from where he/she wants to draw his/her pension. The Pensioner is also required to produce an indemnity bound for aggregate amount equal to six months pension or authorize the bank to mark lien on his/her account to the extent of six month pension. Until completion of registration process by the Accounts Officers, the Pensioner will continue to draw his/her pension from existing system.
On completion of registration, the Accounts Office will call for original PPO through concerned bank and intimate the date for which pension would be credited to bank account of the pensioner. The Controller General of Accounts has issued necessary instructions to all Accounts Office to start implementation of new procedure with effect from 1st January. -Agencies


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