{"id":127767,"date":"2024-09-04T19:50:13","date_gmt":"2024-09-04T19:50:13","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/04\/now-eps-pension-can-be-withdrawn-from-any-bank\/"},"modified":"2024-09-04T19:50:13","modified_gmt":"2024-09-04T19:50:13","slug":"now-eps-pension-can-be-withdrawn-from-any-bank","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/04\/now-eps-pension-can-be-withdrawn-from-any-bank\/","title":{"rendered":"Now, EPS pension can be withdrawn from any bank"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"450\" src=\"https:\/\/i1.wp.com\/img.etimg.com\/photo\/msid-113073129,imgsize-23144.cms?resize=600,450&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Now, EPS pension can be withdrawn from any bank\" title=\"Now, EPS pension can be withdrawn from any bank\" \/><\/div>\n<div data-brcount=\"7\">Labour and employment minister <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/mansukh-mandaviya\" target=\"_blank\" rel=\"noopener\">Mansukh Mandaviya<\/a> on Wednesday approved the <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/centralised-pension-payment-system\" target=\"_blank\" rel=\"noopener\">centralised pension payment system<\/a> (CPPS), which will allow 7.8 million <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/employees-pension-scheme\" target=\"_blank\" rel=\"noopener\">Employees&#8217; Pension Scheme<\/a> subscribers to withdraw their pension from any branch of any bank across India starting January 1, 2025.<\/p>\n<p><!--\/article_liveblog.cms?msid=105115637&pos=toppotime:2-->In the next phase, CPPS will enable a smooth transition to the <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/aadhaar-based-payment-system\" target=\"_blank\" rel=\"noopener\">Aadhaar-based payment system<\/a> (ABPS), the ministry of labour and employment said in a statement.<\/p>\n<p>The move will enhance ease of living while significantly cutting pension disbursement costs of the Employees&#8217; Provident Fund Organisation (EPFO).<\/p>\n<p>&#8220;The approval of the centralised <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/pension-payment-system\" target=\"_blank\" rel=\"noopener\">pension payment system<\/a> marks a significant milestone in modernisation of the Employees&#8217; Provident Fund Organisation,&#8221; the ministry said, quoting the minister. &#8220;This initiative addresses the long-standing challenges faced by pensioners and will ensure a seamless and efficient disbursement mechanism,&#8221; the minister said.<br \/><!--\/article_liveblog.cms?msid=105115637&pos=botpotime:2--><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/now-eps-pension-can-be-withdrawn-from-any-bank\/articleshow\/113073129.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Labour and employment minister Mansukh Mandaviya on Wednesday approved the centralised pension payment system (CPPS), which will allow 7.8 million Employees&#8217; Pension Scheme subscribers to withdraw their pension from any branch of any bank across India starting January 1, 2025. In the next phase, CPPS will enable a smooth transition to the Aadhaar-based payment system [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":127768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-113073129,imgsize-23144.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[673,5395,103206,7472,103205,53767],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/127767"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=127767"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/127767\/revisions"}],"predecessor-version":[{"id":127769,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/127767\/revisions\/127769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/127768"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=127767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=127767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=127767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}