City-based private lender Bandhan Bank on Wednesday said it has been authorised by the Reserve Bank of India (RBI) to disburse pension to retired railways employees.
In a statement, the bank said the lender will shortly integrate its system with the railways ministry to operationalise the pension disbursement process.
The mandate will give the bank access to around 50,000 retirees each year across 17 zonal offices and eight production units of the railways across the country.
