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What is compensation process for Pension in case of delay in crediting pension/arrears ?

In the event of delay of pension/arrears payment the Bank will compensate the pensioner for delay in crediting pension/arrears at a fixed interest rate of 8 per cent per annum as per the regulatory guidelines , Which may vary as and when required changes in the regulatory guidelines in future. The compensation shall be credited to the pensioner’s account automatically without any claims.