Para 7.4.4 — CAM

7.4.4 Role of Pension Disbursing Banks a. The Pension disbursing Banks will consume the e-PPO (both pdf and xml) sent by CPAO to their Secured File Transfer Protocol (SFTP) servers and provide an acknowledgement to CPAO. The Bank will consume the details provided in e-PPO in their pension software without the need for any manual intervention and will process the pension payments based on extant instructions. b. The Bank will verify the KYC details of the pensioner as per the details available in the e-PPO and credit the pension to the bank account of the pensioner. c. The Bank will provide the e-scroll to CPAO with the list of pension payments made (PPO number-wise). All cases of arrears paid will be so indicated in the e-scroll and the Paid and Payable Statement based on which the arrears were drawn by bank shall be shared digitally with CPAO.