Pension Withdrawal: The Employees’ Provident Fund Organization (EPFO) has changed the rules to facilitate pension holders. To know the status of pension for any pensioner, it is necessary to have a PPO number issued by EPFO. Without this the pension cannot be withdrawn.
EPFO has linked all the employees earning more than 15,000 salary to its pension scheme. Under this, 12 percent of the basic salary of an employee is deducted every month as PF. Along with this, the employer company also gives a similar 12 percent share to the employee as PF. This entire amount is deposited in the pension account of EPFO every month. Which is received in the form of pension to the concerned employee at the time of retirement.
PPO number necessary for pension work
The Employees’ Provident Fund Organization (EPFO) allots a 12-digit Pension Payment Order (PPO) to every employee. Which is different for every employee. It is available to every retired employee who is covered by the pension scheme of EPFO. Through this important PPO number, pension status can be easily checked and pension amount can be withdrawn.
How to know PPO number
To know the PPO number, first of all login to the official website of EPFO www.epfindia.gov.in . Then click on Pensioner Portal and after that Welcome Pensioner Portal tab will open. After this, on the right side of the Welcome Pensioner Portal tab, it will be written Know Your PPO Number. Enter your bank account number or your PF number by clicking on Know Your PPO Number.
After this, you will get PPO number, member ID and your pension status immediately.
