.

Respected Sir,

Release of Family Pension - Letter of Undertaking

As per prevailing norm the spouse of a deceased pensioner has to submit an application informing the death of the pensioner with a request to release the Family Pension already sanctioned at the time of retirement of an employee. The application is submitted along with a certified copy of the Death Certificate, KYC documents of the applicant, his/her photograph and a Letter of Undertaking authorizing the Bank to debit any amount from his/her account paid in excess than eligibility.

Although we believe that as per law of the land Bank can realize any amount if paid erroneously, we have no objection in obtaining such an undertaking signed and counter signed by two persons as witnesses. But we have strong reservation against obtaining the Undertaking on a non-judicial stamped paper, as prevailing in some Circles, value of which varies from Circle to Circle. Apart from the cost involved, to procure a stamped paper is sufficiently troublesome for a family pensioner as stamped papers are available only in treasuries at district and subdivision head quarters and most of the vendors are in habit of charging more than the actual value. We think this is an avoidable exercise and would request your good self to issue necessary instruction to dispense with the system of obtaining the declaration on stamped paper. We believe an undertaking on a plain. paper from an insider is enough to protect the interest of the Bank.

To know further download the file below