The new year 2025 has arrived. There have been many changes on the economic front in the new year. It is important to know about these changes before making financial plans for the coming year.
The rules are changing in the new year, the biggest benefit of which will be given to pensioners. Now they will be able to withdraw their pension from any branch in the country. In 2025, there are changes in the fixed deposit rules of banks, benefits of credit cards and visa rules. Let us know about them in detail…
The elderly will get the facility to withdraw pension from any branch
Pensioners are going to get relief in the year 2025. From January 1, 2025, the Employees Provident Fund Organization (EPFO) is simplifying the rules for withdrawal of pension money. Now pensioners will be able to withdraw their pension amount from any bank. For this they will not need any additional verification. This will give great relief to the elderly pensioners. The Central Pension Payment System (CPPS) is to be implemented as part of EPFO’s IT Modernization Project, CITES 2.01.
It will start from January 1, 2025. 78 lakh members of the Employees’ Pension Scheme will be able to take their pension from any bank branch in India by January 1, 2025. According to a report, in the new year, the Employees’ Provident Fund Organization (EPFO) is also going to implement many changes including the facility of PF withdrawal from ATM and abolition of EPF contribution limit.
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