DA Hike decision stalled due to these reasons

But there are still many states where the framework for implementing this decision has not yet been made. Due to elections in many states, there is a ban on increased dearness allowance of employees till now due to economic situation in many states.

DA and arrears will be paid soon

In such a situation, now Chief Minister of Congress ruled Himachal Pradesh Sukhwinder Singh Sukhu has made a big announcement regarding dearness allowance of employees. During a program of the employees’ organization, the Chief Minister said that now the employees may have to wait for two-three months more for the increased installment of dearness allowance. On this statement, he cited the economic condition of the state government and targeted the old BJP government of the state. Along with this, he also promised the employees of the state that their two years’ arrears will definitely be paid by the government.

Said this on five day work week

Along with this, the Chief Minister of Punjab has also said that the state government will consider the demand of five-day working week of the employees. Sukhu also praised the government for the Old Pension Scheme and the benefits being provided to the state government employees under it. He said that about 1.36 lakh employees of the state government are benefiting from the old pension.

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After retirement, your accumulated capital is the biggest support. But suppose that suddenly a situation arises in which your accumulated capital is also spent and you need more money, then what will you do? Even in such a situation, you do not need to worry. Such a loan scheme is run by the State Bank of India, through which even the elderly can avail the loan facility from the bank.

After retirement, if you have to build a house, there is any need related to daughter’s marriage or treatment and money is not being arranged from anywhere, then you can take advantage of the State Bank of India Pension Loan Scheme. can take. SBI provides loan facility to pension holders under this scheme. But the amount you will get from the bank as a loan depends on your pension. Let us tell you about this loan scheme of SBI for pensioners.

These are the terms and conditions of the loan

• This loan given to pensioners is just like a personal loan. To take this, it is necessary that the pension payment order of the borrower should be with the State Bank of India.
• To apply for pension loan from SBI, the age of the pensioner should be less than 76 years.
• The pensioner will have to give an undertaking that during the period of the loan, he will not amend his mandate to the treasury.
• Treasury will have to give in writing that till the No Objection Certificate is issued from the bank, 
• The Treasury will not accept any request by the pensioner for transfer of pension payment to any other bank.
• The repayment period of the loan is 72 months, which must be repaid till the age of 78 years.

Features of Pension Loan 

The specialty of pension loan is that the processing fee is very less in this. The process of getting the loan is very quick and there is no need to submit too many documents. The interest rates charged on pension loans are also usually lower than personal loan interest rates. There are no hidden charges in this. Pensioners get EMI option to repay the loan. You can apply for pension loan in any branch of SBI.

Other information related to loan will be found here

If you want to get other information related to SBI loan, then you can visit the official website of SBI https://sbi.co.in/ . Apart from this, you can get information related to this by dialing toll free number 1800-11-2211. Along with this, you can also apply for pension loan from this number. Give a missed call to 7208933142 or SMS ‘PERSONAL’ to 7208933145 to get a call back from SBI’s Contact Centre.

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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.

The post Pension Status: How to check pension status after changes in EPFO ​​rules, read the easy way first appeared on Rightsofemployees.com.