Simplified Pension Services on the Way
The Ministry of Labour and Employment has revised pension services recently where the Department of Pension and Pensioners Welfare is involved. Recently DOPPW informed five major banks that their portals will be integrated with the government’s Bhavishya portal. It will also improve the accessibility of pension related services that retirees are likely to require.
Enhanced Features for Pensioners
The DOPPW has said that the portals of SBI, Bank of Baroda, Punjab National Bank, and Canara Bank will soon be linked to the Bhavishya portal. With this new setup pensioners will be able to view their pension slips, life certificate status, payments to be made, and tax certificate Form-16 among others.
One stop shop for all your needs
The central government has launched an integrated pension system with the help of Bank of India. From five commercial banks this platform will integrate pension processing and services, which will make pensioners to transact at one stop center. In this platform, the retirees can verify their life certification status, request current month’s pay slips, and file Form-16.
A New Level of Service
This initiative, according to Mr. Srinivas, the Secretary of the DOPPW, is meant to improve pension services and the experience of retirees. With services centralization, pensioners will be able to sort out necessary services in one place which will demonstrate increased effectiveness.
Who or what is the Integrated Pension Platform?
Integrated pension platform aims at providing a framework which will enhance pension processing through digitization and make pension services more transparent. Pensioners will be allowed to fill pension forms online and get approval messages on their mobile phones or email. With this system the process of the pension-related tasks becomes less complicated and more general public friendly.
