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EPS beneficiaries can withdraw pension from any bank now

The 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. Under the CPPS, a beneficiary would be able...

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Chandigarh, Updated At : 07:20 AM Jan 04, 2025 IST

The 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. Under the CPPS, a beneficiary would be able to withdraw pension from any bank. There would be no need to visit the bank for verification at the time of the commencement of the pension and the amount would be immediately credited upon release, the ministry stated.

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EPS beneficiaries can withdraw pension from any bank now

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