The recent changes in tax regulations have spurred numerous investors and taxpayers to explore the potential tax-saving benefits of allocating a portion of their earnings to their Employee Provident Fund (EPF) accounts over the long term. Additionally, individuals holding Provident Fund (PF) are keen to understand post-retirement pension disbursem*nt, highlighting the necessity of acquiring knowledge about essential concepts such as the Pension Payment Order (PPO) and related matters.
Also Read: Nominee vs legal heirs: Who will have an upper hand in EPFO fund distribution?
The PPO number holds significant importance for Indian pensioners, serving as a distinctive 12-digit identification code specifically designated for each recipient of a pension within the framework of the EPF scheme. The PPO number serves as a reference for all transactions and communication related to pensions with the Employees’ Provident Fund Organization (EPFO).
The 12-digit number is composed of the PPO issuing authority’s code and the sequence number. The initial five digits denote the code of the PPO issuing authority, the subsequent two digits signify the issuance year, the following four digits represent the PPO’s sequence number, and the final digit indicates a digital code.
Why is the PPO number important?
The PPO number is crucial information for overseeing your pension affairs in India. Nevertheless, pensioners need to understand that while the PPO number aids in identifying their pension account, it cannot be directly utilized for the transfer of funds between accounts.
Usually, the process of transferring pension funds entails submitting a request to the pension disbursing agency, often your bank, where you provide the new account details and necessary authorization. The inclusion of the PPO number in the request may be required for verification purposes.
Crucially, possessing your PPO number is vital for utilizing a range of online pensioner services provided by the Employees’ Provident Fund Organization (EPFO) through their EPFO portal and mobile app. With your PPO number, you can
- Access details and status of your pension payments.
- Download payment slips for your pension.
- Lodge grievances related to your pension.
- Update your personal information
How to find the PPO number?
Pensioners frequently misplace their PPO numbers, leading to complications in the pension application or receipt process. Nevertheless, the retrieval process is straightforward if you follow the ensuing simple steps:
- Go to the EPFO website.
- Under “Online Services", click on “For Employees" and then “Pensioners’ Portal."
- Navigate to the Pensioners' Portal and locate the option titled “Know your PPO number".
- Retrieve your PPO number by entering your details, which include your PF account number and bank account number.
You can also retrieve your PPO details using the Umang app.
- Download and install the UMANG app on your mobile device.
- Look for “EPFO" within the application.
- Select “Services" and then choose “Know your PPO number".
- Provide either your PF account number or bank account number to access your PPO number.
Contacting the EPFO office is an option available to those unwilling to go the online way.
- Contact the EPFO toll-free helpline by dialling 1800 11 8005.
- Go to the closest EPFO office and ask for information regarding your PPO number.
Those looking to benefit from pension in the later years of their lives must safeguard and keep their PPO numbers easily accessible. Also, one’s contact details must be up to date with the EPFO to receive crucial updates and communications.
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Published: 23 Feb 2024, 09:33 AM IST
