What will happen if the pension amount is not withdrawn from the bank account? Can the government take back the money? Know..

Pension Account: If you are a pensioner and have not withdrawn pension from your bank account for a long time, then this question must have come up: Does the government take back that money? This is often heard on social media or in general conversation, but is it true? Let's know.

Pension schemes in India provide financial support for millions of retired people. Every month, the pension is transferred to their bank account. But if a person does not withdraw his pension continuously for 6 months or more, then the concerned department can consider that account as inactive or suspicious.

This does not mean that the government takes back your money. Rather, it is an alert system through which it is decided whether the pension is being given to the right person or not.

The biggest reason for stopping pension
If the pension is not withdrawn for a long time, the department assumes that the person is no longer alive. In such a situation, the pension can be stopped. But this money is not taken back. This amount remains in your account, which you can claim later.

The most common reason for a pension being stopped is the non-submission of a life certificate. Apart from this, a bank account becoming inactive or KYC not being updated also becomes a reason for the pension being stopped.

What to do if the pension is stopped?

If your pension has been stopped for any reason, then first contact your bank or pension office.

Submit Life Certificate again.

Submit a small written application explaining why the pension was not withdrawn.

Update KYC documents

After the entire process is completed, the pension can be restarted. In many cases, the stopped pension amount is returned with interest.

Keep these things in mind.

Submit Life Certificate on time every year.

Keep your bank account active.

If the pension is not coming, do not ignore it.

Complete the pension related process by any means, online or offline.

The government does not withdraw the pension deposited in your bank account without any reason. But if you do not withdraw pension for a long time and do not submit the required documents, then the pension can be stopped. Therefore, it is very important to submit life certificate on time and keep the bank account active.

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