EPFO news: Centralised Pension Payments System rolled out across India; check details

EPFO news: Centralised Pension Payments System rolled out across India; check details

EPS pensioners: Beginning January 1, 2025, retired individuals covered under the Employees’ Pension Scheme (EPS), 1995, will be able to conveniently access their pension funds from any bank branch located in India. In this regard, the Centre informed that EPFO has completed full scale rollout of the new Centralized Pension Payments System (CPPS) under Employees’ Pension … Read more

Relief for pensioners: EPS members can withdraw pension from any bank, any branch from Jan 1, 2025. Check details

Relief for pensioners: EPS members can withdraw pension from any bank, any branch from Jan 1, 2025. Check details

In a big relief for pensioners, the Centre has approved the proposal for a Centralised Pension Payment System (CPPS) for Employees’ Pension Scheme (EPS) 1995. The new system will be a significant shift, wherein a national-level centralised system will be in place that will enable pension disbursement through any bank, any branch across India. It … Read more