LIC GROUP MEDICLAIM SCHEME GUIDE

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Saturday, 3 September 2022

Credit of Pension on the first of every month

In Belagavi Dn in SCZ Pension is Credited to our account on 1st of every month, be it a Sunday or Holiday.
OS dept., Validates Pension Voucher on the Last working Day of the month. Pensioners receive email at that time. The Voucher goes to F&A dept on the same day.
There is a provision in the F&A module to run NEFT option on the last working day. But NEFT actually starts after midnight of Last day of the month. Even if NEFT option is run on any earlier day also (ofcourse after OS validation) the actual NEFT takes place after midnight of last day of the month. 
Since NEFT works 24x7 on 1st morning invariably Pension gets credited. CO & SDC have already made provision for this in efeap.

C T Joshi

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