Good news for Indian Railways retirees! Bandhan Bank has received authorization from the Reserve Bank of India (RBI) to disburse your pensions through electronic Pension Payment Orders (e-PPOs) on behalf of the Ministry of Railways. This partnership simplifies your pension experience and unlocks a range of benefits.
“This authorization allows Bandhan Bank to serve all retired Ministry of Railways employees across 17 zonal railways and 8 production units,” stated the bank. This translates to access to Bandhan’s services for roughly 50,000 retirees annually.
Bandhan Bank promises “world-class banking services” and “competitive interest rates” for its esteemed pensioner clientele. Additionally, their “senior citizen privilege” program offers tailored benefits for your financial well-being.https://bandhanbank.com/personal
The convenience doesn’t stop there. With over 1640 branches nationwide and a best-in-class digital banking platform, Bandhan Bank ensures accessible and efficient pension management.
Mr. Debraj Saha, Head – Government Business at Bandhan Bank, expressed the bank’s commitment: “We see this authorization as an opportunity to serve retired Railway employees with our best products and services. They can now enjoy the most competitive rates available through Bandhan Bank.”
As the largest employer in India, Indian Railways has a vast network of dedicated personnel. This new partnership with Bandhan Bank ensures a seamless and secure pension disbursement process for thousands of retirees, enabling them to focus on enjoying their well-earned golden years.
So, if you’re a retired Indian Railways employee, get ready to experience superior pension management, competitive rates, and convenient banking solutions with Bandhan Bank. With their extensive branch network and digital prowess, your financial security is just a click away.