2025 Indian government implements Centralized Pension Payment System (CPPS) for 7.8 million pensioners.

Starting January 1, 2025, the Indian government will implement the Centralized Pension Payment System (CPPS) for the Employees' Pension Scheme (EPS), benefiting over 7.8 million pensioners. This system allows pensioners to receive payments from any bank or branch nationwide, enhancing efficiency and user experience. Additionally, it will eliminate the need to transfer Pension Payment Orders and will eventually transition to an Aadhaar-based payment system.

September 04, 2024
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