EPFO adds net 14.93 lakh subscribers in December
1 year, 10 months ago

EPFO adds net 14.93 lakh subscribers in December

Live Mint  

New Delhi: Retirement fund body Employees’ Provident Fund Organisation added 14.93 lakh subscribers on a net basis in December 2022, provisional data by the labour ministry showed on Monday. “Year-on-year comparison of payroll data reflects an increase of 32,635 in net membership addition in December, 2022 as compared to the corresponding month during last year in 2021,” the ministry said in a statement. Out of 14.93 lakh members added during the month, around 8.02 lakh new members have come under the social security coverage of EPFO for the first time. Gender-wise analysis of payroll data indicates that enrolment of new female members has been 2.05 lakh in December, 2022.

Data Members Lakh Epfo Member Payroll Payroll Data Net Month  security  adds  subscribers  lakh  data  payroll  members  net  month  epfo  1493  addition  member

History of this topic

EPFO: Have you not filed wage details yet? Retirement fund body extends date for last time | Check here
6 days, 1 hour ago

EPFO: Have you not filed wage details yet? Retirement fund body extends date for last time | Check here

India TV News  

Employees' Provident Fund Organisation - a retirement fund body - extended time till January 31, 2025 for employers to upload wage details etc. Accordingly, the last date for submission of applications was extended to July 11, 2023 and a total of 17.49 lakh applications were received from pensioners/members till July 11, 2023. In view of representations received from Employers and …

EPFO high pension: Why have 1.7 million applied for higher EPS contribution?
1 week ago

EPFO high pension: Why have 1.7 million applied for higher EPS contribution?

India Today  

Over 1.7 million Employees' Provident Fund Organisation members have opted for higher pensions under the Employees’ Pension Scheme, following the Supreme Court’s landmark ruling in November 2022. This ruling has brought significant relief for eligible employees, allowing them to contribute to the scheme based on their actual basic salaries instead of the fixed threshold of Rs 15,000 per month. Under …

EPFO to offer ATM withdrawals for savings, new features from Jan 2025: official
1 week, 2 days ago

EPFO to offer ATM withdrawals for savings, new features from Jan 2025: official

Hindustan Times  

New Delhi: The Employees’ Provident Fund Organisation subscribers will soon have easier access to their savings with new ATM withdrawal facilities. From January 2025, they will be able to withdraw funds up to a specified limit using an EPFO account-linked ATM card, along with other features to improve access, said an official on Saturday. EPFO subscribers will be able to …

EPFO key amendments: Now faster claims and more interest benefits for members
1 week, 4 days ago

EPFO key amendments: Now faster claims and more interest benefits for members

India Today  

The Employees Provident Fund Organisation has introduced major changes to provide financial relief and faster claim settlement for Employees Provident Fund members. KEY UPDATE ON INTEREST PAYMENTS EPFO announced that the Central Board of Trustees has approved an important amendment to paragraph 60 of the EPF Scheme, 1952. BENEFITS FOR EPF MEMBERS Speaking to The Economic Times, Puneet Gupta, Tax …

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?
1 week, 5 days ago

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?

India TV News  

From 2025, Employees Provident Fund Organization customers will be able to withdraw their Provident Fund directly from ATMs, eliminating lengthy deposit procedures. This move is part of a larger effort to modernise India’s social security services: Enhanced convenience: Subscribers will no longer need to navigate tedious claim-filing procedures or wait for fund disbursal. Expanded social security coverage: Over 7 crore …

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report
2 weeks, 5 days ago

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report

ABP News  

The Employees' Provident Fund Organisation is set to introduce a series of transformative features under its proposed upgrade, EPFO 3.0. These changes, aimed at enhancing accessibility and flexibility for members, include ATM-enabled withdrawals, removal of the current contribution cap, and pension conversion options, according to a report by ET Now. Key Highlights of EPFO 3.0 PF Withdrawals via ATMs: The …

New pension platform to ease payouts: Minister
1 month, 1 week ago

New pension platform to ease payouts: Minister

Hindustan Times  

The labour ministry will switch to a centralised pension-payment system from 2025, allowing retirees to receive monthly payouts from any bank or its branches in any location throughout the country, for which a large-scale test run was recently carried out. Mansukh Mandaviya The new platform for subscribers of the Employees’ Provident Fund Organisation, the state-run retirement fund manager, is aimed …

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs
3 months ago

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs

News 18  

The Employees’ Provident Fund Organisation has raised the one-time withdrawal limit for provident fund accounts to Rs 1 lakh, doubling the previous limit of Rs 50,000. The EPFO manages the provident fund, pension, and insurance schemes for the organised sector employees in India, primarily through the Employees’ Provident Fund scheme. Mandaviya also announced another key update: the government has relaxed …

What are the issues faced by EPFO pensioners?
3 months, 1 week ago

What are the issues faced by EPFO pensioners?

The Hindu  

The story so far: Nearly 78 lakh Provident Fund pensioners across the country under the Employees’ Pension Scheme, 1995 of the Employees’ Provident Fund Organisation will receive their pension through any bank, any branch from January 1, 2025. The Union Labour Ministry cleared the proposal earlier this month for a Centralised Pension Payment System as part of the EPFO’s ongoing …

EPFO adds 18.81 lakh net members in September 2024, 9.47 lakh new enrollments
3 months, 2 weeks ago

EPFO adds 18.81 lakh net members in September 2024, 9.47 lakh new enrollments

India TV News  

Employees' Provident Fund Organisation on Wednesday released a statement asserting that the retirement fund body logged 9.33 per cent growth in net member additions in September at 18.81 lakh compared to the year-ago month. The payroll data showed that EPFO enrolled around 9.47 lakh new members in September 2024, representing an increase of 6.22 per cent over September 2023. In …

EPF Sees Record High 985,000 New Subscribers Enroll In May, Women Make Up 25 Per Cent Of Additions
5 months ago

EPF Sees Record High 985,000 New Subscribers Enroll In May, Women Make Up 25 Per Cent Of Additions

ABP News  

Fresh formal employment generation rose to touch a ten-month peak in May, official payroll data released by the Employees’ Provident Fund Organisation on Saturday showed. The latest monthly payroll data released by the EPFO stated that the number of new subscribers in the month under the EPF rose to 985,000, against 887,000 users logged in April. The net payroll additions …

EPFO adds 15.48 lakh net members in Feb. 2024
8 months ago

EPFO adds 15.48 lakh net members in Feb. 2024

Deccan Chronicle  

Hyderabad: The EPFO’s provisional payroll data released on 20th April, 2024 highlighted that it added 15.48 lakh net members in the month of February, 2024. A noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 56.36 per cent of the total new members added in February 2024 indicating the majority of individuals joining …

Net EPFO subscribers in FY24 jump; check out the big numbers
8 months ago

Net EPFO subscribers in FY24 jump; check out the big numbers

Hindustan Times  

In what is deemed as a bg improvement in India’s jobs situation, it has been reported that the Employees’ Provident Fund Organisation has logged over 19% growth in net subscribers to 1.65 crore members in 2023-24. There have been significant improvements across a number of metrics including net EPFO subscribers. The net subscribers addition by EPFO jumped in excess of …

Higher PF pension | Employers get five more months to process applications
11 months, 2 weeks ago

Higher PF pension | Employers get five more months to process applications

The Hindu  

The Employees’ Provident Fund Organisation on Wednesday extended the time for employers for uploading and submitting the joint options of employees to claim higher pension with their wage details online till May 31. The EPFO had started an online facility for submitting applications for validation of option and joint options for pension on higher wages on February 26, 2023 till …

EPFO net October member additions at 1.53 million
1 year ago

EPFO net October member additions at 1.53 million

Live Mint  

New Delhi: The Employees' Provident Fund Organisation net added 1.53 million members in October, an increase of 18.22% from a year ago, according to provisional payroll data released on Wednesday by the labour ministry. Additionally, the payroll data showed that around 1.10 million members had exited the EPFO, only to re-register with the organisation within the same month. "These members …

EPFO Logs 17.21 Lakh Net Members In September
1 year, 1 month ago

EPFO Logs 17.21 Lakh Net Members In September

ABP News  

The Employees' Provident Fund Organisation saw a net addition of 17.21 lakh members in September, according to the payroll data released on Monday. It explained, “These members switched their jobs and re-joined the establishments covered under the ambit of EPFO and opted to transfer their accumulations instead of applying for final settlement thus, extending their social security protection.” Against the …

Over 1 million new EPF subscribers registered in July: NSO data
1 year, 2 months ago

Over 1 million new EPF subscribers registered in July: NSO data

Live Mint  

New Delhi: Over 10 lakh people joined the organised workforce in July, according to the latest data released on Monday from the National Statistical Office, Ministry of Statistics and Programme Implementation. In the 18-21 years age group, 331,541 new members joined the formal workforce, which included 258,374 men and 73,165 women, the data showed. In the 22-25 years age group, …

India Created 5.2 Crore Payrolls In Last 4 Years, Says SBI Ecowrap Citing EPFO, NPS Data
1 year, 3 months ago

India Created 5.2 Crore Payrolls In Last 4 Years, Says SBI Ecowrap Citing EPFO, NPS Data

ABP News  

State Bank of India’s Economic Research Department’s report, SBI Ecowrap, on Tuesday, said that the total payroll generation of EPFO and NPS is more than 5.2 crore during the last four fiscal years. The paper analysed the EPFO payroll data between the financial year 2019-20 and the financial year 2022-23 to say that 4.86 crores of net new EPF subscribers …

EPFO added 17.89 lakh net members in June this year in 11-month high, says govt data
1 year, 4 months ago

EPFO added 17.89 lakh net members in June this year in 11-month high, says govt data

India TV News  

The Employees' Provident Fund Organisation added 17.89 lakh net members on a net basis in June 2023, according to data released by the Ministry of Labour and Employment. State-wise analysis State-wise analysis of payroll data shows that the five states of Maharashtra, Tamil Nadu, Karnataka, Gujarat, and Haryana have the highest net member addition. The other four states are as …

Tech tips: Check your EPF balance online| Follow these simple steps
1 year, 4 months ago

Tech tips: Check your EPF balance online| Follow these simple steps

India TV News  

The Employees' Provident Fund is a significant retirement savings scheme that is mandatory for all employees in India earning up to Rs 15,000 per month. Another convenient option is to use the UMANG application, also known as the "m-Sewa app of EPFO." Here's how: Open the UMANG application and look for "EPFO" under "Employee Centric Services" on the home screen. …

Centre ratifies 8.15% interest rate on EPF for 2022-23
1 year, 4 months ago

Centre ratifies 8.15% interest rate on EPF for 2022-23

Deccan Chronicle  

New Delhi: The government has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23. Retirement fund body EPFO on March 28, 2023, had marginally raised the interest rate on employees' provident fund deposits to 8.15 per cent for 2022-23 for its over six crore subscribers. As …

EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here
1 year, 4 months ago

EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here

News 18  

The central government has approved to credit interest at 8.15 per cent to the Employees’ Provident Fund scheme for 2023-24. The EPFO’s Central Board of Trustees on March 28 set an 8.15 per cent interest rate on provident fund for this fiscal. According to an Employees’ Provident Fund Organisation office order issued on Monday, July 24, the labour ministry has …

EPFO extends deadline to apply for higher pension till July 11
1 year, 5 months ago

EPFO extends deadline to apply for higher pension till July 11

The Hindu  

The Employees’ Provident Fund Organisation has extended the deadline for members and pensioners to apply for higher Provident Fund pension till July 11 The deadline was to expire on June 26. The EPFO said it would be the “last opportunity” for employees to submit the joint options to get pension on higher wages. Over 16 lakh applications received The EPFO …

Applications for higher pensions under EPS to be assessed within 20 days of receipt: EPFO
1 year, 6 months ago

Applications for higher pensions under EPS to be assessed within 20 days of receipt: EPFO

Hindustan Times  

The joint applications for higher pensions under the Employees' Pension Scheme will have to be scrutinised within 20 days of receipt, the Employees' Provident Fund Organisation has directed its field officers. “Hence, it is reiterated that each Applications for Validation of Joint Option/Joint Option shall be scrutinized expeditiously and it shall be ensured that Demand Letter to Employer/Communication to Employer …

EPFO Added Fewer New Members in March, Shows Data; Maharashtra Added the Most
1 year, 7 months ago

EPFO Added Fewer New Members in March, Shows Data; Maharashtra Added the Most

News 18  

The number of net members added by the Employees’ Provident Fund Organisation declined in March this year compared to the previous month. As per data released by the EPFO, in March, 13.40 lakh net members were added compared to 13.96 lakh in February and 14.86 lakh in January. Gender-wise, the enrolment of net female members has been 2.57 lakh in …

EPFO data: 13.4 lakh members added to retirement fund body in March, 1.39 crore in 2022-23
1 year, 7 months ago

EPFO data: 13.4 lakh members added to retirement fund body in March, 1.39 crore in 2022-23

India TV News  

EPFO Data: According to payroll data released on Saturday, the retirement fund body EPFO added 13.40 lakh members on a net basis in March, taking the total addition to 1.39 crore in 2022-23, The latest data suggested that a total of 1.22 crore members were added to the EPFO on a net basis in 2021-22. Out of 13.40 lakh members …

Higher pension: EPFO directs offices to calculate dues with interest
1 year, 7 months ago

Higher pension: EPFO directs offices to calculate dues with interest

The Hindu  

The Employees’ Provident Fund Organisation has issued an internal circular directing its regional offices on the method to calculate the dues of subscribers who apply for higher PF pension. According to the circular, 8.33% of employer share on higher pay from November 16, 1995 or from the date the pay exceeds the wage ceiling of ₹6,500 and 1.16% of employer …

EPFO extends deadline to apply for higher pension till June 26
1 year, 7 months ago

EPFO extends deadline to apply for higher pension till June 26

Hindustan Times  

Employees' Provident Fund Organisation on Tuesday extended the date for filing applications to opt for a higher pension till June 26, 2023. Here's how to check your PF balance According to the statement by the ministry of Labour and Employment, the timeline for filing applications has been extended in order to provide a larger window of opportunity and in order …

EPFO extends deadline to apply for higher pension till June 26
1 year, 7 months ago

EPFO extends deadline to apply for higher pension till June 26

Live Mint  

Retirement fund body EPFO on Tuesday extended the deadline to apply for higher pension till June 26. EPFO has made arrangements for obtaining applications for the validation of option / joint option from pensioners / members as per the Hon’ble Supreme Court order dated 4 November 2022. Earlier, the Supreme Court in its order on November 4, 2022 had mandated …

Modinomics and employment debate: How Narendra Modi harnessed India's youth towards entrepreneurship
1 year, 7 months ago

Modinomics and employment debate: How Narendra Modi harnessed India's youth towards entrepreneurship

Firstpost  

On 13 April, 2023, Prime Minister Narendra Modi distributed around 71,000 appointment letters to new recruits in various government departments and organisations across the country via the Rozgar Mela. Besides employment opportunities provided under Rozgar Mela and ABRY, a whopping 8.41 crore rural women members have been mobilised through Deendayal Antyodaya Yojana - National Rural Livelihoods Mission, - into 77.4 …

As EPFO higher pension scheme deadline arrives, check eligibility, interest rate and other details
1 year, 7 months ago

As EPFO higher pension scheme deadline arrives, check eligibility, interest rate and other details

Hindustan Times  

The Employees’ Provident Fund Organisation has set May 3 as the last date to submit an application for higher pension under the Employees' Pension Scheme. Employees who became members before 1 September 2014 and continue to be one can apply for higher pension. Documents to submit Employees should share an agreement to allow the transfer of funds from the provident …

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23
1 year, 8 months ago

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23

News 18  

The Employees’ Provident Fund Organisation has fixed 8.15% interest rate on Employees’ Provident Fund for the financial year 2022-23. “The Employees’ Provident Fund Organisation’s apex decision making body Central Board of Trustees has decided to provide 8.15 per cent rate of interest on EPF for 2022-23 at its meeting on Tuesday,” news agency PTI quoted a source as saying. The …

EPFO says it has ‘no direct investments in individual stocks’
1 year, 8 months ago

EPFO says it has ‘no direct investments in individual stocks’

The Hindu  

The Employees’ Provident Fund Organisation, which manages the retirement savings of crores of formal sector workers, asserted late on March 27 that there is no direct investment of EPFO funds in any individual stocks. The retirement fund manager said it follows “passive investment in equity” by investing in Exchange Traded Funds, as per the investment pattern set by the Finance …

2-day EPFO board meeting from today: List of issues likely to be taken up
1 year, 8 months ago

2-day EPFO board meeting from today: List of issues likely to be taken up

Hindustan Times  

The Central Board of Trustees of the Employees Provident Fund Organisation will convene in New Delhi on Monday for a 2-day meet, during which they are expected to discuss a host of issues, including the interest rate for the financial year 2023-24. Higher pension: The board may hold detailed discussions regarding the higher pension option for subscribers after the Supreme …

EPF Interest Rate Likely To Be Revised Down To 8%, EPFO Board Meet May Decide Today
1 year, 8 months ago

EPF Interest Rate Likely To Be Revised Down To 8%, EPFO Board Meet May Decide Today

News 18  

The interest rate on the employees’ provident fund is likely to be revised, even as the retirement fund body EPFO’s board meets on Monday. According to an ET report recently, the government might peg the interest rate on PF deposits at about 8 per cent for the financial year 2022-23, as compared with 8.1 per cent currently. For 2021-22, the …

EPF Interest Credit: Member Accounts Of 98% Contributory Firms Updated Till Mar 6, Check Details
1 year, 9 months ago

EPF Interest Credit: Member Accounts Of 98% Contributory Firms Updated Till Mar 6, Check Details

News 18  

Employees’ provident fund member accounts of 98% of contributory firms or establishments have been updated with the latest interest credit till March 6, 2023, Parliament was informed on Monday. “This is an ongoing process, which has been taken up in a scheduled manner post development of software and by March 6, 2023, the process has been completed in respect of …

EPF Board meet pushed to March 27-28
1 year, 9 months ago

EPF Board meet pushed to March 27-28

The Hindu  

The government on Monday announced the deferral of a meeting of the Employees’ Provident Fund Organisation board, where it is expected to finalise the EPF rate to be paid on crores of formal sector workers’ retirement savings in its custody for 2022-23. Chaired by Union Labour and Employment Minister Bhupender Yadav, the board of trustees of the EPFO was earlier …

EPFO sets May 3 as deadline for subscribers to opt for higher pension
1 year, 9 months ago

EPFO sets May 3 as deadline for subscribers to opt for higher pension

Deccan Chronicle  

New Delhi: The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per …

EPFO sets deadline for subscribers to opt for higher pension set as May 3
1 year, 9 months ago

EPFO sets deadline for subscribers to opt for higher pension set as May 3

Hindustan Times  

The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2024, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per cent of …

Higher pension | Eligible EPFO members can apply till May 3
1 year, 9 months ago

Higher pension | Eligible EPFO members can apply till May 3

The Hindu  

All eligible members can opt and apply jointly with their employers for higher pension till May 3, 2023 at unified members' portal of retirement fund body EPFO. EPFO issues guidelines for employees, pensioners to opt for higher pension In an office order, EPFO had provided for dealing with the ''Joint Option Form'' by field offices of the body. EPFO has …

Provident Fund Body EPFO Adds 16.26 Lakh Net Members In November, 2022
1 year, 11 months ago

Provident Fund Body EPFO Adds 16.26 Lakh Net Members In November, 2022

ABP News  

The Ministry of Labour and Employment on Friday released provisional payroll data of the Employees’ Provident Fund Organisation, and said that the EPFO has added 16.26 lakh net members in the month of November 2022. The data shows an increase of 25.67 per cent in net additions compared to the previous month in October 2022, which indicates increased participation of …

Employee Provident Fund (EPF): What are the new tax rules you need to know?
1 year, 11 months ago

Employee Provident Fund (EPF): What are the new tax rules you need to know?

Live Mint  

Employee Provident Fund Organization, one of the largest social security organisations in the world, is in charge of managing the welfare programme known as Employee Provident Fund. EPF was earlier under the Exempt taxation framework, i.e., EPF was tax-free at: Investment stage: When a contribution was made, one could claim a deduction under section 80C against the employee’s contribution upto …

Employees of private company may get pension after retirement | Checks EPFO norms
2 years, 1 month ago

Employees of private company may get pension after retirement | Checks EPFO norms

India TV News  

A pension after retirement gives great relief to elders. Employee’s Provident Fund Organization made provision of pension for private organization's employees under EPS. This scheme is for the pension of the employees working in the organized sector, after their retirement at 58 years. EPS pension was made available from 1995 and later retained for existing and newly joined EPF employees …

ESIC Scheme Adds 15.72 Lakh New Members in July
2 years, 3 months ago

ESIC Scheme Adds 15.72 Lakh New Members in July

News 18  

Around 15.72 lakh new members joined the ESIC-run social security scheme in July 2022, according to official data released on Friday. The report said gross new enrolments with ESIC from September 2017 to July 2022 were 7.08 crore. The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, the Employees’ …

EPFO Calls For Raising Retirement Age To Ease Pressure On Pension Funds: Report
2 years, 3 months ago

EPFO Calls For Raising Retirement Age To Ease Pressure On Pension Funds: Report

ABP News  

India is expected to become an ageing society by 2047 as nearly 14 crore people will fall into the senior citizenship category. In order to make the pension system viable within the country and supply sufficient retirement advantages, the Employees’ Provident Fund Organisation sees a case for substantially increasing the retirement age and aligning it with life expectancy, The Economic …

EPFO adds 18.36 lakh new members in June 2022. Details here
2 years, 4 months ago

EPFO adds 18.36 lakh new members in June 2022. Details here

Live Mint  

EPFO added 18.36 lakh net members in June this year, as per the provisional payroll data. Further, in June 2022, EPFO registered an increase of 5.53 lakh in terms of net member addition compared to the same month last year. As per Ministry of Labour & Employment data, from the total of 8.36 lakh members added in June 2022, approximately …

How much of your EPFO money is invested in stocks
2 years, 4 months ago

How much of your EPFO money is invested in stocks

Live Mint  

The Employees Provident Fund Organisation or EPFO members having a provident fund account get tax-free and risk-free guaranteed return on their money. While replying to a question raised by Lok Sabha lawmakers including Ravi Kishan and Manoj Tiwari, the Minister of State for Ministry of Labour & Employment Rameshwar Teli said, "Employees’ Provident Fund Organisation invests 85 per cent of …

EPFO Adds 16.8 Lakh Subscribers In May; 22-25 Age Group Sees Most Net Enrolments
2 years, 5 months ago

EPFO Adds 16.8 Lakh Subscribers In May; 22-25 Age Group Sees Most Net Enrolments

News 18  

The Employees’ Provident Fund Organisation added around 16.8 lakh new subscribers in May, an increase of over 80 per cent as compared with the 9.2 lakh subscribers registered in May last year. “State-wise comparison of payroll figures highlights that the establishments covered in the states of Maharashtra, Karnataka, Tamil Nadu, Haryana, Gujarat and Delhi to remain in lead by adding …

EPFO to soon disburse pension to over 73 lakh pensioners via central system
2 years, 5 months ago

EPFO to soon disburse pension to over 73 lakh pensioners via central system

The Hindu  

Retirement fund body, Employees' Provident Fund Organisation, will consider and approve a proposal for setting up a central pension disbursal system in its meeting on July 29 and 30, paving the way for crediting the benefit into over 73 lakh pensioners' bank accounts in one go across India. "A proposal for setting up a central pension disbursal system will be …

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