NEW DELHI, Sept 4: Pensioners under Employees’ Pension Scheme 1995 run by retirement fund body EPFO will be able to get pension from any bank or branch across India from January, Labour Minister Mansukh Mandaviya said on Wednesday.
Mandaviya, who is also the chairperson of EPFO’s apex decision-making body Central Board of Trustees, has approved the proposal for a Centralized Pension Payment System (CPPS) for Employees’ Pension Scheme, 1995, a labour ministry statement said.
According to the statement, CPPS marks a major shift by establishing a national-level centralised system, enabling pension disbursement through any bank or any branch across India.
The post Centralised System To Enable Pension Withdrawal From Any Bank Across India From Jan: Mandaviya appeared first on Daily Excelsior.