Pension

The Reserve Bank of India has ordered banks to pay 8% interest if pensions are delayed. Compensation must be automatically provided for delayed transactions from October 2008. Additionally, banks have been advised to publish pension calculations on their websites.

Digital progress of the EPFO organization. Now, members are being encouraged to use their own photo, i.e., face authentication, for creating UAN, i.e., Universal Account Number. See the complete photo gallery for details.

Female government employees and pensioners can now nominate their children for family pension instead of their husbands. This will provide relief to women in divorce and domestic violence cases.

UPS Pension Scheme: The central government has implemented the new pension scheme - Unified Pension Scheme (UPS) - for its central employees from April 1st.

Getting your PF money is going to be easier from April 1, 2025. EPFO (Employees’ Provident Fund Organization) has introduced new rules for this. From now on, if employees apply for PF, they can get the money in just 3 days, that too online without having to go to any office. Let's find out more about the new EPFO changes.

Government Pension Schemes in India provide financial security after retirement. Learn about EPS, NPS, Civil Services Pension, PM-SYM, APY schemes, eligibility, and application processes.

Central government employees may see a 186% increase in their minimum salary under the 8th Pay Commission, potentially raising it to Rs 51,480. This hike is possible if the fitment factor is set at 2.86, and pensions would also increase.

Good news for state government employees. After a long period of discontent over the lack of a DA increase, relief has finally arrived.

Over 29 lakh destitute women in Uttar Pradesh received their third pension installment ahead of Diwali under the Nirashrit Mahila Pension Yojana. Chief Minister Yogi Adityanath emphasized ensuring timely benefits and illuminating homes, showcasing the government’s commitment to uplifting vulnerable households and providing financial security.

CM Yogi Adityanath has delivered on his promise, providing old age pensions to 56 lakh senior citizens in Uttar Pradesh. The government has allocated Rs 1,67,975 lakh for this initiative in the first quarter of 2024-25, ensuring financial assistance of Rs 1,000 per month reaches those in need.