The Finance Minister of Kerala has announced an additional two months' pension for welfare pension beneficiaries in the state. Around 62 lakh beneficiaries will receive this extra amount, along with their monthly pension, starting next week.

The Employees’ Provident Fund Organisation (EPFO) will facilitate the disbursement of pensions from any bank or branch across the country from January 1, 2025.

The National Pension System (NPS) is open to all Indian citizens, except Hindu Undivided Family (HUF), Overseas Citizens of India (OCI), and People of India Origin (PIO).

The Reserve Bank of India (RBI) and the Central Pension Account Office (CPAO) have issued advisories to caution the public about fraudulent communication impersonating them to cheat people.

BBPS is an integrated online platform that connects the utility and payment service providers.

The Unified Pension Scheme (UPS) for central government employees, effective April 1, 2025, provides an assured pension like the Old Pension Scheme (OPS), but how are they different?

Under EPS 95, all formal sector employees are granted pension benefits upon reaching the retirement age of 58, assuring them financial security.

Given the superior returns NPS provides, more and more people, including corporate and government employees, have recently joined the savings scheme.

The Kerala government provides monthly pensions to eligible residents in the state, such as senior citizens, widows, and differently-abled people, among others.

With Budget 2024 round the corner, seniors are hoping for some concession from Union Minister of Finance Nirmala Sitharaman, ranging from increasing the exemption limit for mediclaim, increased tax slabs, and even making the NPS annuity tax-free