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NoC rider for govt retirees
Published on 10 Feb. 2010 12:13 AM IST
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Following a request from the State Bank of India (SBI), the state finance department has decided to release terminal benefits to retiring government employees only after the latter obtains ‘No Dues Certificate’ from the banks. According to an office memorandum issued by the chief secretary, Nagaland, Lalthara, the SBI had indicated that many government employees who had obtained loans were being released on retirement under the provisions of the Nagaland Retirement from Public Employment (Second Amendment) Act 2009 and therefore requested the government to instruct all departments to ensure that terminal benefits to the retiring employees were released only after obtaining ‘No Dues Certificate’ from the banks. Having considered the matter, the government has decided that each head of department and the concerned DDO of the retiring officer should verify from the records and ensure that where a retiring government servant has availed loan from any bank, he should be advised to obtain a ‘No Dues Certificate’ from the concerned bank before the terminal dues are released in full. This should be noted for strict compliance, the office memorandum stated. The banks on their part have been urged to ensure that the heads of concerned departments were furnished with a list of the employees who have availed loans for reference and necessary action.

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