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Core Purpose

The National Bank for Agriculture and Rural Development hereby makes the National Bank for Agriculture and Rural Development Pension (Amendment) Regulations, 2026, to further amend the National Bank for Agriculture and Rural Development Pension Regulations, 1993.

Detailed Summary

The National Bank for Agriculture and Rural Development (NABARD) issued Notification No. NB.HRMD.PPD/SA-10/2024-25 on May 18, 2026, exercising powers under sub-section (1) read with clause (j) of sub-section (2) of section 60 of the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981). With the previous approval of the Central Government and in consultation with the Reserve Bank of India, NABARD enacted the National Bank for Agriculture and Rural Development Pension (Amendment) Regulations, 2026, which shall come into force on the date of their publication in the Official Gazette. These regulations amend the National Bank for Agriculture and Rural Development Pension Regulations, 1993, by inserting "and before 1st January, 2012" in regulation 3, sub-regulation (1), after "01 November 1993". Furthermore, the figure "3,500/-" is substituted with "9,000/-" in regulation 6, sub-regulation (1), clause (b), regulation 7, regulation 27, sub-regulation (2), and regulation 28. Regulation 32, sub-regulation (5) is substituted to state that from March 1, 2019, the ordinary rate of family pension shall be thirty percent of pay, subject to a minimum of rupees 9,000/- per month, with proportional adjustments for part-time employees. The principal regulations were published on October 29, 1994, and previously amended on March 26, 2009, and December 18, 2014.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-05062026-273180 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 363] NEW DELHI, TUESDAY, JUNE 2, 2026/JYAISHTHA 12, 1948 NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT NOTIFICATION New Delhi, the 18th May, 2026 No. NB.HRMD.PPD/SA-10/2024-25.— In exercise of the powers conferred by sub-section (1), read with clause (j) of sub-section (2) of section 60 of the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981), the Board of the National Bank for Agriculture and Rural Development, with the previous approval of the Central Government and in consultation with the Reserve Bank of India, hereby makes the following regulations further to amend the National Bank for Agriculture and Rural Development Pension Regulations, 1993, namely :- 1. Short title & commencement.- (1) These regulations may be called the National Bank for Agriculture and Rural Development Pension (Amendment) Regulations, 2026. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the National Bank for Agriculture and Rural Development Pension Regulations, 1993 (hereinafter referred to as the said regulations), in regulation 3, in sub-regulation (1), after the figures and words "01 November 1993", the words and figures “and before 1st January, 2012” shall be inserted. 3. In the said regulations, in regulation 6, in sub-regulation (1), in clause (b), for the figures "3,500/-”, the figures "9,000/-" shall be substituted. 4. In the said regulations, in regulation 7, for the figures “3,500/-”, the figures “9,000/-” shall be substituted. 5. In the said regulations, in regulation 27, in sub-regulation (2), for the figures “3,500/-”, the figures “9,000/-” shall be substituted. 6. In the said regulations, in regulation 28, for the figures “3,500/-", the figures “9,000/-” shall be substituted. 7. In the said regulations, in regulation 32, for sub-regulation (5), the following sub-regulation shall be substituted, namely: - "(5) From the date of 1st March 2019, the ordinary rate of family pension shall be thirty per cent of pay, subject to a minimum of rupees 9,000/- per month. Explanation.- In the case of a part-time employee, the minimum and maximum amount of family pension shall be in proportion to the rate of wages applicable." DINESH POOLAKKUNNATH, Chief General Manager [ADVT.-III/4/Exty./132/2026-27] Note: The principal regulations were published in the Gazette of India, Part III, Section 4, vide notification number 44, dated the 29th October, 1994 and subsequently amended vide notification number 20, dated the 26th March, 2009 and notification number 52, dated the 18th December, 2014.

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