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

Govt tweaks withdrawal EPS benefits for members with less than 6 months service 

Govt tweaks withdrawal EPS benefits for members with less than 6 months service 

The Centre on Friday tweaked the Employees’ Pension Scheme (EPS), 1995, to ensure that members with less than 6 months of contributory service can also withdraw funds. Every year, lakhs of EPS members leave the scheme prior to rendering the requisite 10 years of contributory service for pension.  These members are given withdrawal benefit as … Read more