ISLAMABAD, Pakistan: In order to further streamline payment of pension, the retired federal government employees would start receiving pension through their respective bank accounts.
According to official sources here, in the first phase, the office of the Accountant General Pakistan Revenues (AGPR) would directly transfer pension of the retired employees from Grade-17 to Grade-22 into their respective bank accounts after March 31.
The present payment of pension system through individual pension books to officers of Grade-17 and above would be stopped after March 31.
Under the new system, the pension will be transferred into the accounts of pensioners on monthly basis, which can be drawn via cheque or ATM card.
The facilitation counters are being set up in all branches of National Bank of Pakistan (NBP) to help the pensioners.
The pensioners have also been given opportunity to open their bank accounts at any branch of any scheduled bank.
Option forms to be submitted in the AGPR could be downloaded from www.agpr.gov.pk.
The pensioners need to submit Rs 20 indemnity bonds duly attested by notary public.
A widow pensioner is required to submit a copy of her non marriage certificate.
After through scrutiny the pension would be credited to the respective branches of the pensioners.