Bandhan Bank Authorized by RBI for Pension Disbursement to Indian Railways Retirees

14 Dec 2023 , 11:31 AM

Bandhan Bank receives RBI authorization for e-PPO pension disbursement on behalf of the Ministry of Railways, India’s largest employer. The bank will integrate with the Ministry of Railways to facilitate the pension disbursement process for retired railway employees.

This authorization covers around 50,000 average Indian Railways retirees annually, spanning 17 zonal railways and 8 production units.

Debraj Saha, Head of Government Business at Bandhan Bank, expresses the bank’s commitment to providing competitive rates and top-notch services to retired railway employees.

The Ministry of Finance, Railways, and RBI’s mandate reflects confidence in Bandhan Bank’s capabilities.

The new authorization positions the bank to play a vital role in efficiently disbursing pensions to Indian Railways retirees, enhancing their financial well-being.

Bandhan Bank aims to provide world-class banking services, competitive interest rates, and senior citizen privileges to pensioners through its extensive network of over 1640 branches and robust digital banking platform.

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