Can a pension account be transferred to another bank?

Yes, a pensioner can transfer their pension account from one branch to another branch of the same bank or to a branch of a different authorized bank. According to RBI guidelines, transfers between different banks within the same center are generally allowed once a year. For transfers to a different city or center, there are typically no such frequency restrictions. To initiate the process, the pensioner must submit a formal written request to their current bank branch.