How do I transfer my pension from one branch to another?

(a) from one paying branch to another of the same public sector bank? Request falling under category ‘a’:- The pensioner/family pensioner may submit an application for transfer of pension/family pension account at either the old branch or the new branch of the bank.

Can I change pension account from one bank to another?

Ans:(a) Pensioner can transfer his/ her pension account from one Branch to another Branch of the same Bank within the same centre or at a different centre; All Central Government Pensioners and those State Governments which have accepted such arrangement can open Joint Account with their spouses.

How can I transfer my EPF pension amount?

A. EPS transfer can be done online through the Composite Claim Form. The member has to login to the EPF Member Portal and apply for EPF transfer on the job change. The EPF and EPS account will be transferred to the new account automatically.

Can I change my pension bank details online?

You can submit a change of bank details by logging into your pension account on the Portal.

Can I withdraw money from my pension?

You can take up to 25\% of the money built up in your pension as a tax-free lump sum. You’ll then have 6 months to start taking the remaining 75\%, which you’ll usually pay tax on. The options you have for taking the rest of your pension pot include: taking all or some of it as cash.

Can I withdraw pension from any branch?

1. Can the pensioner draw his/ her pension through a bank branch? Yes. Even the Government employees earlier drawing their pension from a treasury or from a post office will have the option to draw their pension from the authorized bank’s branches.

How do I change my bank account number in my pension?

Application: To change the paying bank in the same location or to ask for payment to be made at a bank in a different location, the pensioner has to send a written application, attested by the old bank’s manager, to the new one.