Know your PPO using your bank account number

Pension Payment Order

Pension Payment Order (PPO), a number given by EPFO to all retired employees, can now be known using the bank account number linked with pension account. PPO is helpful in communications with EPFO, like raising a grievance. A pensioner may use either PPO number, UAN or the Establishment number for any communication with EPFO. A retired employee receives the details of his PPO, provident fund and disbursement of pensions from EPFO vide a registered letter. In some of the cases, pensioners forget or miss the PPO details, which they can…

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PMVVY a government-guaranteed pension scheme

Pradhan Mantri Vaya Vandana Yojana

The Pradhan Mantri Vaya Vandana Yojana (PMVVY), which is a fixed return pension scheme for senior citizens, is ending from March 31st, 2020. It is a ten-year pension scheme, with the option of withdrawing income at regular intervals such as monthly, quarterly, half-yearly or yearly. The scheme has an upper cap for investment and pension which an investor can draw. The maximum investment allowed under PMVVY scheme is Rs.15 lacs, whereas the maximum monthly pension which can be drawn by an individual is limited to Rs. 10,000. It is noteworthy…

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