EPFO News: A beautiful information has come for crores of subscribers of EPFO. In an unprecedented choice of the Central Government, the Centralized Pension Payment System (CPPS) has been absolutely applied in all of the regional workplaces of EPFO throughout India. This work was accomplished by December 2024. By December 2024, pension value about Rs 1570 crore has been distributed to greater than 68 lakh Employee Pension Scheme i.e. EPS pensioners.
Withdraw your pension from any bank, branch wherever within the nation
Union Minister Dr. Mansukh Mandaviya stated that after this transformation, pensioners won’t face any downside in withdrawing their pension from any bank, any branch wherever within the nation. The direct that means of this choice is that now EPFO pensioners can withdraw their pension from any regional EPFO workplace within the nation. Centralized Pension Payment System has been applied in all 122 regional EPFO workplaces of the nation.
Effort to offer advantages of superior options of EPFO
Union Labor Minister Dr Mansukh Mandaviya stated that the Centralized Pension Payment System displays our dedication to advance EPFO companies and guarantee transparency together with services for our pensioners. The first pilot undertaking of CPPS was efficiently accomplished in Jammu, Karnal and Srinagar Regional Offices in October 2024. Under this, a complete of Rs 11 crore pension was distributed to 49,000 EPS pensioners. The second pilot program was efficiently accomplished in 24 regional workplaces of the nation. Pension value Rs 213 crore was distributed to greater than 9.3 lakh pensioners by these 24 native workplaces.
A Major Milestone in Modernizing EPFO!
EPFO’s Centralized Pension Payments System is now absolutely operational. This fashionable system ensures that pensioners can entry their pensions from any bank, wherever in India swiftly and hassle-free.
Under the management of PM Shri… pic.twitter.com/AvuEmxC80y
— Dr Mansukh Mandaviya (@mansukhmandviya) January 3, 2025
Union Minister Mansukh Mandaviya shared the submit
On this event, the Union Minister gave this data by sharing a submit on X. He stated that by this the necessity for bodily verification can be eradicated and pension distribution will be disbursed in an easy method. With this rollout, we’re setting a brand new benchmark in pension service supply.
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EPFO: The greatest replace concerning the launch of EPFO’s ATM card and cell app, withdrawing PF can be very simple.
