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 2025.
The 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 Organisation.
The 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 subscribers
According 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.”
New EPS rules from January 1, 2025: EPS pensioners can get pension from any bank branch in India
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 India.
Which EPS pensioners will benefit
The 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 relief.
No need of PPO transfer
Additionally, 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 another.
What is Centralized Pension Payment System (CPPS)
The CPPS represents a significant shift by providing a national-level centralized system that allows pension payout through any bank or branch in India.
When will it be applicable from?
This 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.
The 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 Organisation.
The 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 subscribers
According 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.”
New EPS rules from January 1, 2025: EPS pensioners can get pension from any bank branch in India
New EPS rules from January 1, 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 India.
Which EPS pensioners will benefit
The 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 relief.
No need of PPO transfer
Additionally, 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 another.
What is Centralized Pension Payment System (CPPS)
The CPPS represents a significant shift by providing a national-level centralized system that allows pension payout through any bank or branch in India.
When will it be applicable from?
This 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.
