Back to Markets
Stocks● Neutral
West Bengal to Release 50% of Pension Arrears via Banks
West Bengal will disburse 50% of pending DR arrears to pensioners in Kolkata via banks. The interim measure addresses delays from unverified bank records. The remaining payment depends on bank verification.
Continue with
The West Bengal government will release 50% of the estimated Dearness Relief arrears to pensioners in the Kolkata Municipal Corporation area through banks. The payment is an interim measure to address delays caused by unverified bank records, according to a notification reported by PTI.
The government is waiting for validated details of past pension disbursements from banks. The arrears are calculated using data from the Accountant General of West Bengal and the DR rates notified under the ROPA 2009 period, adjusted by the All India Consumer Price Index-linked formula.
The state has built a dedicated Bank Pension Management Portal under the West Bengal Integrated Financial Management System. Banks must verify and update pensioners' records on the portal and credit the admissible amount immediately. They also need to provide validated details of all pension disbursements made during the ROPA 2009 period so the remaining DR arrears can be paid.