No./Pension Lab/IBAN-updation-Pensioners/HM-289
03-February-2025
Office Of The Accountant General Punjab
Urgent: IBAN Updation for Punjab Pensioners – Progress Report & Compliance Details:
In a crucial development for pensioners across Punjab, the Accountant General Punjab has issued an urgent directive regarding the updation of IBANs for pension payments. The directive follows concerns over the slow progress of IBAN updation in certain districts, which could lead to delays or disruptions in pension disbursement.
The notification emphasizes the need for immediate compliance, directing District Accounts Officers (DAOs) to expedite the process and submit a progress report. Furthermore, those who have achieved 100% IBAN updation must certify the completion of the process.
The notification also schedules an online Zoom meeting on February 6, 2025, at 11:30 AM, where officials must report on progress and discuss further implementation measures. Pensioners are advised to ensure their IBAN details are updated with their respective banks to avoid any inconvenience. Please find the notification below;
OFFICE OF THE
ACCOUNTANT GENERAL PUNJAB
A.G. Complex, Turner Road, Lahore
No./Pension Lab/IBAN-updation-Pensioners/HM-289
Dated: 03-02-2025
MOST IMMEDIATE
To
All District Accounts Officer – I
Punjab
SUBJECT: UPDATION OF PENSIONER’S IBANS
Kindly refer to the CGA’s letter CGA/QAC/progress-report on IBAN- Updation/Vol-II/752; dated: 17.12.2024; this office letter No. Pension Lab/HM-226; dated: 13.01.2025; subsequent reminders-1 & 2 vide office letter No.Pension Lab/IBAN-Updation- Pensioners/HM- No. Pension Lab/IBAN-Updation-Pensioners/HM- 276; dated: 29-01-2025 on the subject cited above.
A meeting was conducted on 03-02-2025 in which the progress of IBAN- Updation has been evaluated. It has been noticed with grave concern that IBAN Updation of pensioners of some districts is poor which needs to be enhanced.
It is again directed to you that Pensioners IBAN of your district may be updated on immediate basis and a progress report in this regard may please be sent. All the letters/correspondence with banks may also be sent to this office as well as Mr. Atta Jilani Assistant Chief Manager, State Bank of Pakistan, Lahore on email atta.Jilani@sbp.org.pk. DAOS who have completed 100% IBAN-Updation are directed to send completion and authentic data IBAN-Pension-Updation certificate. Moreover, an online meeting will be held through ZOOM on Thursday, 06.02.2025 11:30 AM. You are directed to attend the ZOOM meeting at the said date and time.
Deputy Accountant General
Pension
Timely Action on IBAN Updation Ensures Hassle-Free Pension Payments:
The Punjab government’s initiative for IBAN updation aims to streamline pension transactions and ensure secure, timely disbursements for all retirees. Pensioners whose IBAN details are not updated may face unnecessary delays in receiving their pensions, making this an essential step for financial security.
District Accounts Officers must act promptly to meet the deadlines and submit the required reports to the Accountant General Punjab and the State Bank of Pakistan. The upcoming online meeting on February 6, 2025, will play a key role in assessing progress and resolving any outstanding issues.
To avoid disruption in pension payments, all pensioners and concerned authorities must comply with this directive immediately. Stay updated with the latest Government Notifications to ensure seamless financial transactions.
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