NEW DELHI: Retirement fund body Employees' Provident Fund Organisation (EPFO) has completed the Centralised Pension Payments System (CPPS) rollout in all its regional offices across the country that will benefit over 68 lakh pensioners, the Labour Ministry said on Friday.
The CPPS is a paradigm shift from the existing pension disbursement system that is decentralised, with each zonal/regional office of EPFO maintaining separate agreements with only 3-4 banks, the ministry explained in a statement.
Under CPPS, a beneficiary will be able to withdraw pension from any bank and there will be no need to visit the bank for verification at the time of commencement of pension, and the amount will be immediately credited upon release, it stated.
Bu hikaye Millennium Post Kolkata dergisinin Kolkata 04January2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Millennium Post Kolkata dergisinin Kolkata 04January2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Chemical industry seeks changes in customs duties to boost mfg
Though India has significantly raised domestic capacity for PET bottle-grade chips, there has been a rise in low-cost imports
Shami to make an entrance?
Comeback man Shami in focus as India eye fresh start against England
Six Palestinians slain in Israel's West Bank op
Israel launched a large military operation in the occupied West Bank city of Jenin on Tuesday that the Palestinian Health Ministry said had killed at least six people and wounded 35.
UCO Bank's profit jumps 27% to ₹639 cr in Q3
The bank said it would mobilise Rs 2,000 crore through QIP during the ongoing quarter to comply with Sebi's minimum public shareholding norms
U-19 WC: Vaishnavi on song as India maul Malaysia
Debutant left-arm spinner Vaishnavi Sharma recorded astonishing figures of 5/5, including a hat-trick, as India demolished Malaysia by 10 wickets in an utterly one-sided U-19 Women's T20 World Cup match that was done and dusted in less than 18 overs here on Tuesday.
Why is Modi govt treating Law Commission in 'cavalier manner': Cong
'ESPECIALLY ON UCC'
Sebi plans to introduce pre-listing trading in IPO shares, says Buch
'Whatever is grey market that is going on, pre-listing, we think that is not suitable'
RBI Cancels Registration of X10 Financial Services
The Reserve Bank of India on Tuesday said it has cancelled registration of X10 Financial Services Ltd, a non-banking financial company (NBFC), due to irregularity in its digital lending operations.
Over 60 dead in Turkish ski resort fire; guests jump from windows
Hotel had 238 registered guests, at least 55 also injured
Cops arrest wanted criminal Abdul Hussain in N Dinajpur
UNTRIAL ESCAPE CASE
