Withdrawing pension through app to soon become a reality - News Summed Up

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Withdrawing pension through app to soon become a reality


Soon you will able to withdraw your pension using your smartphone.Pensioners and members of the Employees Provident Fund Organisation (EPFO) can breathe easy with the state-run pension fund manager planning to develop a mobile application and move a large chunk of its services online. "We are developing an app for pensioners and hope to roll it out by early next year," V P Joy , central provident fund commissioner, told TOI. The app for pensioners is expected to reduce the enormous amount of paperwork and time taken to process applications. "The idea is that people can access most of our services online and that is where we are headed. "Out of the total, 1.4 crore accounts have been linked to Aadhaar," he said, adding that CDAC was also helping EPFO developing various apps.


Source: Economic Times September 26, 2016 00:56 UTC



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