EPS 95 pensioners: Now the pension will be credited in the bank account of the pensioners on or before the last working day of the month instead of the first working day of the month.
Employees Pension Scheme Latest News: There is good news for EPS 95 pensioners. Now instead of the first working day of the month, their pension will be credited in the bank account of the pensioners on or before the last working day of the month. It has been observed that the pension of the pensioners is not credited in their account on the due date, due to which EPS pensioners have to face difficulties. Even after the end of the month, the money was not getting credited in his account.
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This decision has been taken
The Pension Division has noticed this problem and thereafter, keeping in view the instructions of RBI, it has been decided that all the field offices may send the monthly statement to the banks in such a way that the pension will be credited to the pensioner’s account on the last working day. Get credit on or before. (Except for the month of March which will continue to be credited on or after April 1.) Apart from this, it has also been directed that banks should be given this amount a maximum of two days before the money is transferred to the pensioners’ account.
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EPFO has entered into agreements with several pension disbursing banks to credit their pensioners. In addition, RBI regularly issues instructions to the pension disbursing agencies for depositing pension by banks. All pensioners of Employees’ Pension Scheme 1995 (EPS’95) are required to submit Life Certificate (JPP) or Digital Life Certificate (DLC) every year to continue receiving pension. The Employees’ Provident Fund Organization (EPFO) has already given several options to EPS pensioners to submit their DLC. As per the new guidelines, EPS pensioners can now submit DLC at any time during the year as per their convenience. The Life Certificate will be valid for one year from the date of submission of DLC.
(Article: Sunil Dhawan)
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