It has been decided by the Social Justice and Empowerment Department of Haryana that all types of pension schemes will be dealt with the Electronic Banking Transfer System from now onwards. The move comes as a follow up of the smart card scheme of the RBI and Union ministry. This way pension can directly be deposited in the beneficiary's bank account.
According to Geeta Bhukkal, Haryana social justice and empowerment minister, this new system would require beneficiaries to open bank accounts for all kinds of pension schemes through district social welfare officers in the selected banks.
Axis Bank has been selected to cater to beneficiaries in Faridabad, Kaithal, Karnal, Palwal and Sirsa, ICICI Bank for districts of Ambala, Bhiwani, Panipat and Sonepat, Union Bank of India for districts of Fatehabad, Mewat, Narnaul and Rewari; Punjab National Bank for districts of Jhajjar and Rohtak, Central Bank of India for district Gurgaon, State Bank of India for district Hisar, State Bank of Patiala for district Yamuna Nagar; Oriental Bank of Commerce for district Jind, Corporation Bank for district Panchkula and HDFC Bank for district Kurukshetra.
Those who have already opened bank accounts will have their pensions deposited with effect from April 2011, said Bhukkal.