Latest news with #CentralizedPensionPaymentSystem
Time of India
27-06-2025
- Business
- Time of India
Has EPFO announced a new form for pensioners to be submitted by July 28? Here's what the government says
New EPS rules from January 1, 2025 A viral news article on social media recently claimed that the Employees' Provident Fund Organisation (EPFO) has issued an urgent notice to all pensioners, warning them that their pension benefits will be suspended if they fail to submit a new EPFO form by 28 July Press Information Bureau's Fact Check (PIB Fact Check) clarified that the viral message was fake and no such new EPFO form has been issued by the Employees' Provident Fund report alleged that pensioners must fill out and submit a newly introduced EPFO form by the given deadline to avoid suspension of their pension. This claim sparked concern among many senior citizens and EPFO subscribersAccording to PIB Fact Check post on social media post, 'It is being claimed in a news article that Employees Provident Fund Organisation (EPFO) issued an urgent notice to all pensioners, warning them that their pension benefits may be suspended if they fail to submit the required new EPFO form by 28 July 2025.'Pensioners covered under the Employees' Pension Scheme (EPS), 1995 will be able to access pension from any bank branch in India as of January 1, 2025. This means pensioners can receive their pensions from any bank or branch in Centralized Pension Payment System is estimated to benefit over 78 lakh EPFO EPS pensioners. By leveraging advanced IT and financial technology, pensioners will have a more efficient, seamless, and user-friendly experience. For retirees who relocate to their hometown after retirement, this would be a huge even in the event that a pensioner relocates or switches banks or branches, the CPPS will guarantee pension delivery across India without requiring the transfer of Pension Payment Orders (PPO) from one office to CPPS represents a significant shift by providing a national-level centralized system that allows pension payout through any bank or branch in functionality will be made available as part of EPFO's ongoing IT modernization program, the Centralized IT Enabled System (CITES 2.01), starting on January 1st, 2025.
Mint
16-06-2025
- Business
- Mint
EPFO cautions members against taking help from agents for online services
New Delhi, Jun 16 (PTI) Retirement fund body EPFO on Monday cautioned its members against taking help from third-party agents and advised using online portal for services related to their provident fund accounts to avoid exposure risks to key details. The Employees' Provident Fund Organization (EPFO) has taken a series of reforms to make services faster, transparent and user-friendly for all its stakeholders, a labour ministry statement said. EPFO has more than 7 crore members who are employees or ex-employees of various private and public sector enterprises. It has been observed that several cyber cafe operators/fintech companies are charging EPFO members large sums of money for services that are officially free, it stated. In many cases, these operators simply use EPFO's online grievance portal, something any member can do on their own, free of cost. The stakeholders are cautioned against visiting or engaging with third-party companies or agents for EPFO-related services as this may expose their financial data, the statement said, adding these external entities are not authorised by EPFO. It further said that EPFO has a robust grievance monitoring and redressal system wherein the member grievances are registered on CPGRAMS or EPFiGMS portals and are monitored till their resolution in a time-bound manner. A total of 16,01,202 grievances were received in EPFiGMS and 1,74,328 in CPGRAMS in FY25. Out of these, 98 per cent of the grievances were resolved within timelines. EPFO strongly advises all its members, employers, and pensioners to utilise the online services available through the EPFO portal and UMANG app. All EPFO services, including claim filing, fund transfers, KYC updation, and grievance redressal, are entirely free of cost and members should not pay any fees to third-party agents or cyber cafes for services that can be easily accessed online. Further, members can contact EPFO helpdesks/PROs at regional offices as listed on the official website ( for any issues, it said. The EPFO has recently issued circulars for simplification of KYC or member details correction and for submission of transfer claims, deployment of functionality for auto settlement of advance claims up to ₹ 1 lakh and Centralized Pension Payment System (CPPS) for simplifying the pension disbursement process. The limit of auto claim settlement facility was enhanced to ₹ 1 lakh for advances on the grounds of illness, housing, marriage and education, resulting in 2.34 crore claims settled in auto mode in FY 2024-25. The transfer claim process has also been simplified from January 15, 2025 by removing the requirement of employer approvals in most of the cases. The EPFO has removed the requirement of uploading of the image of cheque leaf/attested bank passbook for speedy settlement of claims filed online and to reduce the rejection of claims.
