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What Is Pension Payment Order (PPO)

A Pension Payment Order (PPO) is a document issued to retirees, detailing pension disbursement terms and instructions for payment.

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Planning for your post-retirement life is an important aspect of financial planning. However, it may still be challenging for some people to maintain the same lifestyle if they do not have enough savings and investments. If you are unfamiliar with terms like the Employees’ Provident Fund, Employees’ Pension Scheme, and Pension Payment Order (PPO), this article will be immensely informative for you.

If you are looking for a safe investment option, you can consider fixed deposit. They offer guaranteed returns and a fixed interest rate throughout your investment tenure.

What is a PPO number

A PPO number is issued to each pensioner associated with the EPF scheme. PPO numbers are unique and comprise 12 digits, used as a transaction ID for EPS transactions and communications.

The 12-digit number can be broken down into the following:

  • The first five digits are used to represent the code for the authority that issues the PPO number.
  • The next two digits state the particular PPO issuance year.
  • The next four numbers represent the PPO’s sequential number.
  • The last digit of the Pension Payment Order number is a digit for a digital check.
     

Why is the PPO number important

A PPO number is important for all employees covered under the EPF scheme. Here are some reasons why:

  • A PPO number is used to receive and monitor your pension payments.
  • The PPO number is useful when you file grievances with the Employees’ Provident Fund Organisation (EPFO).
  • The PPO number would be mandatory if you want to change your bank account to receive your pension.
  • An annual life certificate is mandatory to continue receiving your pension. Providing a PPO number is essential when submitting the life certificate.
  • Having a PPO number will also empower you with access to several related online services like access to pension payment status, pension details, lodging grievances, and downloading pension payment slips.
     

What are the steps to check the pension payment order

  • The first step is to access the EPFO website.
  • Then, navigate to the ‘Services’ tab in the main menu and click on the option ‘For Employees’.
  • In the next step, you must find and choose the link for the Pensioners' Portal.
  • Then, click the ‘Know your PPO No.’ option in the menu on the left.
  • You can search for your pension payment order number either through your EPF member number or your bank account number.
  • Enter the correct details and submit.
  • When the correct information is inputted, the system will retrieve and display your pension payment order number from the database. The interface is simple and seamless and ensures that all retirees have easy access to the PPO number, even if they forget or lose it.

Also Read: How to Check DBT Beneficiary Status and Payment Status


Steps to download a pension payment order online

  • As the first step, you must visit the official DigiLocker website.
  • Next, sign into your account with your Aadhar details, username, or mobile number.
  • After you input the details, you must verify through a one-time password sent to your registered mobile number. You must enter your security pin and the OTP to log in.
  • After logging in, select ‘Issued Documents’ and then ‘Get more issued documents’.
  • From the list of issued/available documents, pick EPFO under the category titled ‘Central Government’.
  • To gain access to your pension payment order number, you will need to enter your UAN.
  • Select ‘Get Document’ to view your PPO number and download it from the ‘Saved Documents’ section. It will be stored here securely.
     

Conclusion

Understanding your pension payment order number and its significance is crucial for a smooth post-retirement experience. With the easy access provided by the EPFO website and DigiLocker, retirees can efficiently manage their pension-related information, ensuring financial security and peace of mind during their retirement years.

You can consider investing Bajaj Finance Fixed Deposit. With a top-tier AAA rating from financial agencies like CRISIL and ICRA, they offer one of the highest returns, up to 7.30% p.a.

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Frequently asked questions

How do I get a copy of my pension payment order?

 A copy of your pension payment order can be downloaded by accessing DigiLocker with your Aadhaar details. After logging in, you need to select the ‘Issued Documents’ option and choose ‘Get more issued documents’. Then, navigate to the Central Government option and choose the ‘Employees’ Provident Fund Organisation’. After entering your UAN, you can select ‘Get Document’, which will fetch your PPO for downloading.

How do I get my 12-digit PPO number?

To get your 12-digit PPO number, visit the EPFO website and navigate to 'Services' > 'For Employees' > 'Pensioners' Portal’. Then, click the 'Know your PPO No.' option and search using your EPF member or bank account number. Submit the details so you can view your PPO number easily.

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You can use the Bajaj Finserv App to:

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Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives 
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company. 

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