By IANS,
New Delhi : Minister of State for Defence Jitendra Singh has asked banks to have zero tolerance towards delays in disbursement of pension to armed forces personnel, an official release said Wednesday.
Singh, who presided over a meeting of major banks dealing with pension disbursement of defence pensioners and representatives of finance and defence ministries, urged the banks to utilise information technology for timely payment of pension.
The release said the finance ministry had agreed to issue directives to banks for streamlining pension payments.
The Department of Ex-servicemen Welfare of the Defence Ministry handles pension policy matters of about 22 lakh retired armed forces personnel.
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