Disbursement of Pension through IDBI Bank

Government of West Bengal
Finance Department
Audit Branch (Group T)
“NABANNA”
325, Sarat Chatterjee Road, Howrah-711102
(E-1231811)

No: 133-F(Y) Date: 09-01-2026

MEMORANDUM

Sub: Disbursement of Pension through IDBI Bank

Presently, disbursement of pension and family pension in respect of State Government and all other categories of pensioners and family pensioners are being done through enlisted pension disbursing banks, directly in Kolkata Metropolitan Area and through Treasuries of the State via their linked pension disbursing banks.

Widening the scope of disbursement to facilitate pensioners with the flexibility to receive pension/ family pension from a bank of their choice by inclusion of additional banks for disbursing pension has been under active consideration of Finance Department.

Now, the Governor is pleased to decide that IDBI Bank will also be eligible to disburse pension to State Government Pensioners and all other categories of pensioners, directly in Kolkata Metropolitan Area as well as to pensioners receiving pension from Treasuries of the State through their linked pension disbursing branches subject to observance of procedures laid down in Part A and B of Appendix 15 of West Bengal Treasury Rules, 2005 and successful execution of Indemnity Bond by the bank as prescribed in Annexure ‘F’ and ‘H’ of Part A and B of Appendix 15 of the West Bengal Treasury Rules, 2005.

This will come into force after acceptance of the Indemnity Bond and issuance of necessary notification by Director of Treasuries & Accounts.

This authorization is subject to fulfillment of condition that the bank follows existing system of reporting of State Government transactions. The bank is advised to follow the guidelines contained in the “Memorandum of Instructions – Accounting and Reconciliation State Government Transactions” and other instructions issued by Reserve Bank of India from time to time in the matter.

Necessary amendment in Part A and B of Appendix 15 of the West Bengal Treasury Rules, 2005 shall be made in due course.

P K Mishra, IAS
Additional Chief Secretary to the
Government of West Bengal

No. 133-F dated 09.01.2026, Source

📂 Finance 🏷️ Indemnity Bond, Pension