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    • Entity responsible for paying the pension

      • PDA: Pension disbursing agency, generally a bank or a post office, is the entity responsible for paying the pension. The PDA uses the details provided in the PPO to set up and manage in terms of monthly payments.
      www.taxbuddy.com/blog/what-is-pension-payment-order
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  2. If you desire to draw your pension from another paying agency, make a request to your current Pension Disbursing Agency (PDA) for transfer of your pension account to the PDA from where you now wish to draw your pension.

    • List of Banks as Pension Disbursing Agencies
    • How to Apply For Pension
    • When Is An Employee Eligible to Receive Pension?
    • FAQs

    As stated earlier, the EPFO has made certain banks as pension disbursing agencies. Here is the complete list of the banks where you can visit for any pension-related queries. 1. North Delhi: PNB, SBI, UBI, IB, HDFC, AXIS, ICICI 2. South Delhi: AXIS, SBI, UBI, HDFC, IB, ICICI, PNB 3. Dehradun: PNB, SBI 4. Faridabad: PNB, ICICI, AXIS, HDFC, SBI 5. Gu...

    The pensioner needs to fulfill the eligibility criteria before applying for a pension. The person needs to work for at least 10 years and should have attained the age of 58. If the person has not completed 10 years of service, he/she can either withdraw or transfer the pension. Here are some of the essential points which you should keep in mind whi...

    The EPS act has two major terms: claiming and withdrawal. Each of these terms is related to pension benefits. Here, we will tell you the instances where you can withdraw money from your pension account and when you can claim for the pension.

    The pension disbursing agencies are responsible for conducting all the pension-related processes. The government has stated certain banks as PDAs for helping the pensioners. All the pension-related documents are sent to the pension disbursing agencies. After they verify the documents, the pensioner will start getting the pension benefits. Even if a...

  3. The Pension Disbursing Agencies process the DLC of the pensioners. The PDAs can register on the Jeevan Pramaan Portal to access the Life Certificates on-line. This account sign up facility has been created for the PDAs (Banks, Post Office etc), to process pension orders.

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  4. Air Force personnel, pension disbursement is being carried out by a number of agencies who are working as PDAs (Pension Disbursing Agencies) – 28 Public Sector and 4 Pvt Sector Banks, 63 DPDOs, State Treasuries and Post Offices.

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  5. One of the major requisite for the pensioners post their retirement from service, is to provide life certificates to the authorized pension disbursing agencies like Banks,Post offices etc., following which their pension is credited to their account.

  6. Aug 25, 2023 · Jeevan Pramaan or Jeevan Pramaan Patra, also known as Digital Life Certificate, is an Aadhaar based service for pensioners whereby they can submit their Life Certificates digitallly to the Pension Disbursing Agency (PDA).

  7. What is a Pension Sanctioning Authority (PSA)? A. It is the authority which approves and sanctions the pension of an individual. The pension is to be delivered in the pension account specified in the Pension Payment Order (PPO).