Now, EPS pension can be withdrawn from any bank

The centralised pension payment system (CPPS) approved by Labour and Employment Minister Mansukh Mandaviya will allow 7.8 million Employees' Pension Scheme subscribers to withdraw their pension from any bank branch across India starting January 1, 2025. This initiative aims to enhance ease of living and reduce pension disbursement costs for the Employees' Provident Fund Organisation (EPFO).