Byjus 1

Byjus  2

| **Aspect**                | **Details**                                                                 |
|---------------------------|-----------------------------------------------------------------------------|
| **Why in News**           | EPFO launches Centralized Pension Payments System (CPPS) nationwide.       |
| **Key Features**          | - Nationwide accessibility: Pensions can be withdrawn from any bank branch. <br> - Streamlined disbursement process: Modernizes and simplifies pension services. |
| **Beneficiaries**         | Over **68 lakh pensioners** across India.                                  |
| **Implementation**        | CPPS rolled out across all **122 regional offices** of the EPFO.           |
| **Financial Disbursement** | Approximately **₹1,570 crore** disbursed in December 2024.                |
| **Historical Context**    | Previously, decentralized system caused complexities and delays for pensioners. CPPS addresses these issues. |


Aspect	Details
Why in News	EPFO launches Centralized Pension Payments System (CPPS) nationwide.
Key Features	- Nationwide accessibility: Pensions can be withdrawn from any bank branch. - Streamlined disbursement process: Modernizes and simplifies pension services.
Beneficiaries	Over 68 lakh pensioners across India.
Implementation	CPPS rolled out across all 122 regional offices of the EPFO.
Financial Disbursement	Approximately ₹1,570 crore disbursed in December 2024.
Historical Context	Previously, decentralized system caused complexities and delays for pensioners. CPPS addresses these issues.

EPFO Launches Centralized Pension Payments System (CPPS) Across India