EPS Pensioners Can Soon Access Their Pension from Any Bank
Wednesday, 4 September 2024, 15:38
Centralised Pension Payment System Launch
The government has set a date for the launch of its Centralised Pension Payment System, allowing EPS pensioners to withdraw their pensions from any bank. This move is anticipated to bring significant ease and flexibility to pensioners.
Key Benefits of the Centralised System
- Accessibility: Pensioners can choose from a variety of banks.
- Simplicity: Streamlined processes will reduce wait times.
- Time-efficient: Faster disbursement of funds.
Pension from any Bank: What to Expect
With the launch scheduled for January 1, 2025, EPS beneficiaries can expect a seamless experience when accessing their funds. This initiative represents a significant step in improving the quality of pension administration in India.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.