Pension Portals of all Pension Disbursing Banks to be integrated

27 Apr 2024: Pension Portals of all Pension Disbursing Banks to be integrated into the Integrated Pensioners’ Portal of the Department of Pension & Pensioners’ Welfare to ensure Ease of Living of Pensioners” says Shri. V Shrinivas, Secretary (P&PW), while addressing the Integrated Pensioners’ Portal of Bank of India launch ceremony on 26th April 2024. 

Pension Portals of all Pension Disbursing Banks to be integrated 

Speaking on the occasion he informed that the ‘Department of Pension & Pensioners Welfare’ had taken several initiatives to enhance the welfare of pensioners. Digital empowerment of pensioners is one such initiative and is being implemented through various means such as Digital Life Certificates and the Bhavishya Portal.

In line with the objective of transparency, digitisation and service delivery, the Bhavishya platform has ensured End-to-End digitisation of Pension processing and payment which commences from the retiree filing his/her papers online till the issue of the PPO in electronic format and going into the Digilocker. 

The ‘Bhavishya’ platform of Pension

The ‘Bhavishya’ platform, an integrated online pension processing system was made mandatory for all central government departments w.e.f. 01.01.2017. This system is currently being successfully implemented in 98 Ministries/ Departments including 870 Attached Offices and 8,174 DDOs on board. 

Department of Pension & Pensioners’ Welfare was awarded the 3rd Rank for BHAVISHYA (an online tracking system for pension sanction and payment developed by DOPPW) as per the NeSDA Assessment 2021 among all the Central Government e-Governance Service Delivery Portals.

To mitigate the problems faced by pensioners about banks such as Change of the bank, status regarding submission of life certificate, Pension slip, Form 16, and Pension receipt information, the websites of Pension Disbursing Banks are being integrated with the Integrated Pensioners Portal of DoPPW, to enable these services to be available from a single window.

The task of integrating of Pension Portal of SBI, Bank of Baroda, Punjab National Bank and Canara Bank with the Bhavishya portal has been completed. With this integration, the pensioners of the Bank of India have a single stop for services like pension slips, the status of submission of Life Certificate, Due and Drawn statement and Form-16 through the Integrated Pensioners’ Portal. In the near future, most of the Pension Disbursing Banks will be integrated with Integrated Pensioners’ Portal.

Here are 10 words related to pensions:

1. Retirement[1][2][3][4]

2. Pension[2][3][4]

3. Final Average Compensation (FAC)[3][4]

4. Years of Service (YOS)[3][4]

5. Pension Factor[3][4]

6. Straight Life Pension[3]

7. Pension Options[3]

8. Pension Contributions[3]

9. Pension Beneficiary[3]

10. Replacement Rate[4]

Citations:

[1] https://www.portlandseogrowth.com/keywords-for/retirement/

[2] https://marketkeep.com/seo-keywords-for-retirement-home/

[3] https://www.bodonews.info/2024/04/every-arrangement-in-place-for-phase-2.html

[4] https://youtu.be/GfRORfyCOFA?si=30Hng_yuIdZ4mJhe

[5] https://www.bodonews.info/2024/04/president-of-india-presents-padma.html