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Civil Pension Scheme - Invest in Pension Plans for Better Future

Overview

The Bank has received formal authorization/ permission from Central Pension Accounting office (CPAO - New Delhi) for disbursement of Pension along with authorized branches, whereby the individual pensioners could receive their monthly pensions through their ICICI Bank accounts.

Process

  • Pension Payment Orders are issued by Central Pension Accounting Office, New Delhi.
  • The pensioner opens an account with ICICI Bank and furnishes the account number to the Pension issuing office who, in turn, issues the PPO (Pension Payment Order) with this designated account number.
  • The PPO is then sent to the Central Pension Processing Centre (CPPC) and the pensioner
  • Pension is disbursed every month through CPPC Package.

Eligibility

The coverage of the Scheme extends to all pensioners of the Central Government employed in Civil Ministries/ Departments (other than Railways, Post and Defence), National Capital Territory of Delhi, and Union Territory Administrations without legislatures, retired Judges of the High Courts and the Supreme Court and All India Service Officers. This Scheme also covers payment of pension to former Members of Parliament and the payment of pension and other amenities to the former Presidents/ Vice Presidents of India

Customer Testimonials

"I have a pension account with ICICI Bank. The Bank released my 7th CPC arrears on 24th August, well before the deadline of 31st August fixed by the government. Hope new pensioners will be inspired and will opt for ICICI Bank for pension disbursement.

 

I feel proud and privileged to have associated the accounts of all my family members with your bank since its inception."

 

Thanks a lot.

 

J. K. Khanna I.P.S. D.G. Police (Rtd), Noida, 2016-09-01 19:11:00