NEWS   FLASH   FROM   CHQ

PENSION ANOMALY CASE

As reported earlier, we had won the case in Principal bench of CAT. The Judgement was delivered on 16-12-2016 with a direction to implement it within three months. We waited for 6 months. No order was issued. Nor any Appeal was filed. Then we filed a Contempt of Court petition in CAT. It was taken up last month. Advocate for the respondents wanted time. Again, the case was taken up today by a double Bench consisting of Justice Mr. Permod Kohli, Chairman and Justice Mr. K N Srivasatava.

Advocate for CMD BSNL stated that they are filing their reply today. Advocate for the Government wanted further time of four weeks. Our Advocate wanted personal appearance of the Respondents. The Court told that this may be considered subsequently.

Next date is 17-11-2017.

STATE BANK OF INDIA ACCOUNTS

PENSIONERS ARE EXEMPTED FROM THE MONTHLY AVERAGE BALANCE STIPULATION

The State Bank of India has issued revised instructions regarding maintenance of Monthly Average Balance (MAB) in SB Accounts and charges to be levied if the MAB is not maintained.

Significant aspect is that some categories of Account holders are exempted from the said charges. 
Pensioners are one category exempted from the MAB charges.