RBI has vide its circular dated 7th May, 2015 mandated that all banks receiving pensioners’ life certificates should immediately give a stamped acknowledgement of the same. This was necessitated because many a times, the banks misplace the certificates in the huge mountain of papers in their offices resulting in the pensioners not getting their pensions on due dates. RBI has also introduced an Aadhar based digital life certificate as per this circular i.e. https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=9394&Mode=0
That will be the subject of my next blog perhaps.