AMORTISATION OF ADDITIONAL PENSION LIABILITY - IMPLEMENTATION OF PENSION SCHEME IN REGIONAL RURAL BANKS WITH EFFECT FROM NOVEMBER 1, 1993 - PRUDENTIAL REGULATORY TREATMENT

MUMBAI, India, March 20 -- Reserve Bank of India issued the following notification:

RBI/2024-2025/127

DOR.ACC.REC.No.67/21.04.018/2024-25

March 20, 2025

Madam / Sir,

Amortisation of additional pension liability - Implementation of Pension Scheme in Regional Rural Banks with effect from November 1, 1993 - Prudential Regulatory Treatment

In terms of NABARD circular NB.DoS.Pol.HO/2533/J-1/2019-20 dated December 12, 2019, Regional Rural Banks (RRBs) were earlier permitted to amortise their pension liability on account of RRB (Employee) Pension Scheme 2018 over a period of five years, beginning with financial year ending March 31, 2019. RRBs are now required to implement the pension scheme with effect from November 1, 1993. However, in vie...