New Pension Scheme Cancellation of SCFs
2. Therefore, in order to smooth functioning of the system it has now become of paramount importance to issue strict instruction to the accredited bank that while accepting the funds from the PAO, the requisite information viz is invariably obtained by them (Accredited Bank). It may also be advised to the accredited bank to strictly pass on this requisite information to the Trustee Bank in the appropriate fields for electronic fund transfer, lest their failure in adhering to the instruction should be held as breach of service standard. It need be noted that non adherence to this standard
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