Can we transfer SBI pension account to another branch?

Ans:(a) Pensioner can transfer his/ her pension account from one Branch to another Branch of the same Bank within the same centre or at a different centre; (b) He/She can also transfer his/ her account from one authorized Bank to another authorized Bank at different centre.

What is SBI pension account?

A pension slip contains details of pension payment credited to a savings or current account held by a pensioner. After you login to Internet banking you can generate a pension slip for any month in the previous or current year.

How long does a pension transfer take?

The majority of pension transfers take two to three weeks in total to complete. Some can take around three months, or even longer depending on your provider. Before you transfer your pension, you should contact your existing pension scheme provider.

Can the pension account be transferred to another bank branch?

Can the Pension Account be transferred to another bank branch or branch? – Goodreturns Yes, for individuals entitled to receive pension amount for their employment with either the state or central government can transfer or are allow

How can I change my pension paying branch in SBI?

All pension payment is centralised now in SBI. You submit your request thro our pension paying branch. They will forward the request to concerned centralised pension payment centre to change your pension paying branch. You have to choose thro which branch you would like to draw pension in your request.

How can I transfer my SBI account from one branch to another?

Transfer of the Account from one branch to another within SBI which you can do by visiting the Branch where you want to Transfer Your Account to. This generally takes 2 weeks as the branch sends the request to your current home branch who in turn coordinates the transfer.

Can a pension be continued after death of a spouse?

Ans: Yes, either or survivor pension account will be continued after death of pensioner when the spouse is the survivor and having a joint account with the pensioner and in whose favour an authorisation for payment of family pension exists in the Pension Payment Order (PPO). 11.