The Pension and Pensioners’ Welfare Department of the Central Government has initiated a new unified pension portal (Bhavishya Portal) in collaboration with the State Bank of India, bringing a relieving piece of news for pensioners across the country. Through this portal, pensioners can now view their monthly pension slip and access information about pending dues from the comfort of their homes. Additionally, they can also check the status of their life certificate and submit Form-16.
Who Can Utilize the Portal
Pensioners receiving pensions in their Bank of India, State Bank of India, Bank of Baroda, Punjab National Bank, and Canara Bank accounts can utilize this portal. They will receive notifications about pension approval through SMS or email, ensuring they stay informed throughout the process. The portal offers facilities ranging from depositing documents online to issuing the Pension Payment Order (PPO) electronically and sending it to the Digital Locker.
Understanding Bhavishya Portal
The primary goal of the Bhavishya Portal is to digitize the pension processing and payment system, ensuring transparency and efficiency in pension-related services. Pensioners will receive updates on the progress of their pension approval through SMS or email. The entire process, from pension to payment, will be digitized.
Benefits for Pensioners
- The entire process from pension to payment will be digitalized.
- Essential documents can be submitted online.
- Retired employees can check the status of their pension through mobile or email.
- Information about the remaining balance in the pension fund will be readily available.
- Pensioners can check the status of their pension slip, Form-16, and life certificate.
- Pensioners can also change the bank responsible for pension payments through the portal.
This portal provides retiring individuals with the convenience of depositing their documents online and facilitates electronic issuance of the Pension Payment Order (PPO), ensuring a smooth transition into retirement.