Saturday, April 22, 2017


Opening of joint Account by pensioner with the first name of pensioner
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT-11, BHIKAJI CAMA PLACE,
NEW DELHI-110066
PHONES 25174596. 26174456, 26174438
CPAO/IT & Tech/Bank Performance/37( Val-II)/2016-17/14
19.04.2017
Office Memorandum
Subject:- Opening of joint Account by pensioner with first name of pensioner.
Attention is invited to Correction Slip No.1 dated – 08.02.2006 of Scheme for Payment of 
Pensions to Central Government Civil Pensioners by Authorized Ranks on crediting of 
pension in the Joint Account of Pensioners with spouse (copy enclosed).
It has been reported that in some cases Banks are allowing the pensioners to open
 their pension account as Joint Account with first name of his/her spouse which
 may create difficulties for pensioner at the time of filing the Income Tax Returns as the
 income tax is assessed on the income of the pensioner and not of the spouse.
Heads of CPPCs/Government Account Divisions of all the banks are advised to instruct
 their bank branches to facilitate the retiring employees approaching them for opening
their pension accounts before their retirement. In case of Joint. Account, the same 
may be opened with first name of pensioner only.
This issues with the approval of Competent Authority.
Encl:-As above

(Vijay Siingh)
Sr. Accounts Officer (IT & Tech)