NATIONAL ORGANISATION OF INSURANCE PENSIONERS
Regn No.PN 4769 (Regd under Indian T U Act, 1926)
(Affiliated to Bharateeya Mazdoor Sangh)
BMS Office, Vishwakarma Bhavan, 185, Shaniwar Peth, Pune 411030.
President: T.C. Gunesh Kumar Working President: Vilas V. Purkar General Secretary: Ashok J. Joshi
Mob No: 9880683639 Mob No: 9922166599 Mob No: 9561084182 & 9945104570
Date: 03-10-2023
Cir No 29/2023
To,
The Chairperson,
LIC of India, Central Office,
YOGAKSHEMA, Mumbai
Dear Sir,
Re: Non credit of pension on 1-10-2023 for the month of September 2023.
Regarding the captioned matter, we would like to submit to your erudite self, the following few lines-
➢ Though the CO had taken all the precautions by advising operating offices to validate the
pension payment on 28-09-2023, so that pension can be credited on 1st October through NEFT,
the most unexpected happened.
➢ Circumstantial evidence suggests the possible goof up by the RBI/Banks in not crediting through
NEFT on 1st October.
➢ LIC pension rules and Bank pension rules are identical and envisage payment of pension on or
after the first day of next month.
➢ Even then, some Banks credit the pension for their pensioners on the day salary is paid to their
in- service employees. If the Banks can use their discretion, why should we not expect the same
from our management?
➢ Since 2010, NOIP has been consistently following up the above issues with the CO, but even
after 13 years, situation remains the same.
➢ Hence, we appeal to you to arrange to evolve a permanent foolproof system, to ensure that
pension is credited either on the day salary is paid to our in-service employees, or on the last
day of the month and the least expected is, the credit of pension on the very first day of next
month, irrespective of that day being a weekly holiday or a public holiday or a NEFT holiday or
anything else.
We implore upon your personal intervention in the matter, please.
With kind regards and thanks,
General Secretary
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