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Pension News

Reserve Bank of India

15 Apr 2025

Banks To Pay 8% Interest Per Annum For Delay In Pension Disbursement

In a circular issued earlier this month (April 1), the RBI has said that pension paying banks should compensate the pensioner for delay in crediting pension/ arrears at a fixed interest rate of 8 percent per annum.

10 Apr 2025

Can Pensioners Withdraw Pension From A/c When Unable To Sign Or Go To Bank?

RBI has issued instructions to pension disbursing banks to allow withdrawal of pension by following certain procedures which are given below:

07 Apr 2025

Female Govt Employee Can Nominate Child For Family Pension Instead Of Husband

The DoPT rule issued on 28 March 2025 allows female AIS officers/pensioners to nominate her child/children or family pension in precedence to her husband in due to the following reasons.

04 Apr 2025

Can Joint Account Can Be Continued For Family Pension After Pensioner's Death?

RBI has updated its Frequently Asked Questions (FAQ) ( April 01, 2025) for Payment of Pension to Government Pensioners, detailing 8 points on Payment of Pension to Government Pensioners.

Unified Pension Scheme

01 Apr 2025

NPS To UPS Switch: Central Govt Employees Now Eligible To Opt For UPS; Details

NPS To UPS Switch: The NPS to UPS migration is now live on the official CRA (Central Recordkeeping Agency) portal. This migration aims to offer a guaranteed pension, government contributions, and more investment flexibility to central government employees post-retirement. Notably, the Unified Pension Scheme (UPS) offers a structured pension payout based on an employee’s service tenure. Those with 25 or more years of service will receive 50 per cent of their average last 12 months’ basic salary as a pension.

24 Mar 2025

18.19 Lakh New Workers Enrolled Under ESI Scheme In Month Of January 2025

27,805 new establishments have been brought under the social security ambit of the ESI Scheme in the month of January, 2025 thus ensuring social security to more workers.

24 Mar 2025

Will Central Govt Shorten Timeframe For Restoration Of Commuted Pension?

Commuted pension is an advance payment that you get in one lump sum and that is subtracted from your whole pension fund.

28 Feb 2025

Will Pension Limit Be Raised From Current Rs 1,000 To Rs 7,500 –Check Reports

The pensioners' body is calling raising the minimum pension limit and also demand that dearness allowance (DA) be included.

27 Feb 2025

Higher EPS Pension BIG UPDATE: EPFO To Process All Cases By THIS DATE

This information was provided by the EPFO at the Executive Committee (EC) of the Central Board of Trustees, EPF, chaired by Labour and Employment Secretary Sumita Dawra.

26 Feb 2025

Voluntary Pension Scheme On The Card; Open To All, No Job Or Employment Needed

The Labour Ministry has initiated talks on the voluntary and contributory pension plan that would enable people from all backgrounds to save for their retirement, irrespective of their work status.

06 Feb 2025

Pension Scheme For e-Commerce Delivery Agents Soon To Become Reality?

This assumes significance in view of the Budget announcement earlier this month by Finance Minister Nirmala Sitharaman about rolling out of a social security scheme for one crore gig workers engaged with online platforms.

14 Dec 2024

Atal Pension Yojana Crosses 7 Crore Subscribers, Securing Retirements in India

The scheme has witnessed significant participation from women, who constitute around 47 per cent of the total subscribers.A standout feature of APY is its comprehensive pension structure.

12 Dec 2024

EPFO Pension Alert! Will Govt Increase Minimum Pension Amount EPF Scheme?

Pankaj Chaudhary, Minister of State for Finance, stated that the Ministry of Labour and Employment has received representations from stakeholders, including trade unions, requesting an increase in the minimum pension amount under the EPS.

20 Nov 2024

Has Centre Raised Retirement Age Of Central Govt Employee To 62? Know Here

As per a viral social media post, the union cabinet has approved the retirement age limit of central government employees by 2 years to 62.

18 Nov 2024

BIG Pension Rule Change For Retiring Central Government Employees

BIG Change in Pension Rule: The pension case of a Government servant shall be processed through online mode and the retiring officials shall submit Form 6-A through Bhavishya/e- HRMS.

08 Nov 2024

Get Pension From Any Bank Or Branch Anywhere In Country: Rs 11 Cr Disbursed

The pilot run was completed on 29th and 30th October 2024 with the pension disbursement of about Rs 11 Crore for October 2024 to more than 49,000 EPS Pensioners of Jammu, Srinagar and Karnal Regions.

07 Nov 2024

Can Pensioners Change Spouse Name Or Surname After Retirement? Govt Says THIS

The office memorandum issued on 24 October 2024, clarifies the procedures for pensioners regarding the change of spouse's name or surname after retirement of the pensioner.

National Pension System

05 Nov 2024

Make Contributions To NPS Account Through PhonePe App --Check Steps

National Pension System: Previously, users could only make contributions towards their NPS accounts through the websites of PFRDA, NSDL, CAMs, KFintech and Banks.

05 Nov 2024

New Family Pension Rules: Who Has First Right On Pension Among Children?

After the demise of the government servant pensioner/family pensioner, who among children have the first right to pension?

Atal Pension Yojana

09 Oct 2024

Gross Enrolments Under Atal Pension Yojana Cross 7 Crore Mark

The Atal Pension Yojana is a flagship social security scheme of the Government of India, was launched on 9th May 2015 with an aim to create a universal social security system for all Indians

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