Good news for EPFO members! Centralized pension payment system started,
created by AR 29 January 2025
EPFO Good news : Hello friends,as you know about pension payment system.pensioners are suffering from lots of problems to withdraw money.pensioner could withdraw the pension from only mentioned bank in your EPS account but now the pension payment system is centralized.that means you can withdraw the pension from any other bank, which is situated in india.
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Union minister Dr. Mansukh mandaviya said that after the centralized payment system pensioners will not face problems related to withdraw pension. They can withdraw the pension from any bank or any branch in country.
There is a great news for crores of EPFO members. After this decision of central government, the centralized payment system ( CPPS)has been fully implemented in all regional offices of EPFO across india.this work was completed in December 2024.
December 2024, pension of about Rs 1570 crore has been distributed to more than 68 lakh Employee Pension Scheme i.e. EPS pensioners.
Withdraw the pension from any bank, bank branch across india.
Union minister Dr. Mansukh mandaviya said that after this changes pensioners will not face any problems or issues to withdraw the pension from any bank, bank branch in india. The centralized pension payment syatem has been implement in 122 regional EPFO offices across india.
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EPFO trying to give advace features for members of EPS
Union labour minister said this CPPS system ensures the transprency with facility for our pensioners. The first pilot project of CPPS was successfully implemented in jammu, karnal, srinagar regional offices of EPFO in October 2024.
Under this project , total of 11 crore pensions were distributed to 49,000 EPS pensioners. The second pilot project was successfully completed in near about 24 regional offices of the country. Through these 24 local offices, pension of Rs 213 crore was distributed to more than 9.3 lakh pensioners.
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