SBI Pension Offer: Big gift from SBI, special service launched for its pensioners, 54 lakh people will benefit

SBI

SBI Pension Offer: State Bank of India, the country‚Äôs largest bank, has launched a special service for its pensioners. The name of this service is SBI Pension Service (SBI Pension Seva). This facility will be available to those pensioners who have a pension account with SBI. Account holders in SBI pension service are going to get many facilities. Pension account holders will get these facilities On SBI PensionSeva, the pensioners of the State Bank can see the details related to the pension immediately by the login. Apart from the arrear…

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Government makes big changes to the rules of National Pension System

The government has changed a big rule related to withdrawal of money from the National Pension System. This will benefit millions of people. NPS means National Pension System is a popular option of saving in the country today. On 1 May 2009 it has also been started for employees working in private sector or un-organized sector. Seeing its benefit, a total of 2 crore subscribers are associated with it. Basically it is a pension saving scheme that provides financial security in future. The question arises that how can you plan…

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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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