Revised Pension SOPs | State Bank’s Instructions for Pensioners and Banks

We will discuss the State Bank’s instructions for pensioners and family pensioners. These are pension SOPs. The old instructions from the State Bank of Pakistan regarding biometric verification, life certificate, and non-marriage certificate are given below; 1. Pensioner shall be required to undergo biometric verification from any branch of a bank maintaining his/ her pension account, every year in March and September. If the pensioner is unable to undergo biometric verification due to incapacitation by bodily illness, or infirmity, or if his/ her fingerprints do not exist due to old age or a genetic condition, he/she will provide a life certificate as per the SOPs. 2. In the case of family pension, a Non-Marriage declaration shall be obtained from pensioners on or before 30th September of each year instead of March and September. 3. Submission of the above-mentioned Non-Marriage declaration will be dispensed with after the widow/ daughter/ sister of the pensioner (family pension recipient) attains the age of sixty years. 4. If a pensioner fails to submit a life certificate fails to undergo biometric verification during March and September or a pensioner does not draw a pension for six consecutive months, the account shall become dormant. Now the pension standard operating procedures have been revised. Revised Pension SOPs | State Bank’s Instructions for Pensioners and Banks #Pension #Pensioner #FamilyPension #BiometricVerification #LifeCertificate #Notification #NonMarriageCertificate #GovtEmployees #PensionNews #PensionSops #StateBankInstructions #GovtEmployeesUpdates