Establishment of Central Pension Processing Centre in all Public Sector Bank: Dispatch of PPOs to CPPC instead of Link Branches.

Establishment of Central Pension Processing Centre in all Public Sector Bank: Dispatch of PPOs to CPPC instead of Link Branches.

Circular No – 159

Audit/Tech./070-XX
O/o the Pr. CDA (P), Allahabad
Dated: 31.05.2012

To,
The Chief Manager
CPPC–Punjab National Bank
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Sub:- Establishment of Central Pension Processing Centre in all Public Sector Bank: Dispatch of PPOs to CPPC instead of Link Branches.

Ref:- Circular No- 154 (copy enclosed)
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Punjab National Bank vide letter No- GBD/Corres/11 dated- 26th August and 6th March 2012 intimated the details of CPPC established by them, accordingly Circular No- 154 were issued for forwarding of PPOs direct to above CPPC instead of Link Branches.

An
amended details of 10 CPPC established by PNB has now been received with fresh BSR code, postal address, and contact number vide Punjab National Bank letter dated 30th April 2012.

The genuineness of establishment of CPPC was requested vide this office letter No AT/Tech/070-XX dated 25th May 2012.

It has been clarified by the PNB New Delhi vide letter dated 25th May 2012 that PPO may be forwarded to CPPC as per new list provided by them under letter dated 25th May 2012.

Therefore it is decided that PPO notified in favour of Punjab National Bank would be forwarded to CPPC as per new list provided by Punjab National Bank.

On switching over the dispatch of PPOs from Link Branches to CPPC, there is a need to familiarize these CPPC about checks to be observed/exercised before making first payment which was hitherto been exercised by link branches. Therefore a copy of this office circular No. 113 dt-27-05-2005 is enclosed herewith which will help the CPPC in establishing genuineness of PPO as well as to avoid fraudulent payment of pensionary benefit to imposters on fake PPOs. A copy of allotment of Block series of PPO to be notified in year 2012 alonwith specimen signature of officers authorized to sign PPO/Payment authority is forwarded herewith.

In view of the above, it is requested that checks provided in check list annexed with this office circular No. 113 dt. 27/05/2005 may invariably be exercised/observed before releasing first payment. Please acknowledge the receipt.

(Molly Sengupta)
Addl. CDA (P)

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