It has been annual practice for the pensioners to submit proofs that they are alive to the banks & other treasuries disbursing their pension.
Reserve Bank of India has come up with the requirement that the bank/treasury officials must give a receipt while receiving the proof for being alive from the pensioners.
Reserve Bank of India informed that a lot of complaints have been received that there are frequent irregularities in paying pensions as some banks tend to misplace or lose the proofs of living given by the pensioners. Hence, RBI has come up with this proposal to issue receipts.
Reserve Bank of India has also suggested that the proof should be immediately uploaded in the computer data and then a computer printed receipt must be generated and issued to the pensioner.