Every pensioner covered by the Employee Provident Fund (EPF) receives a PPO, or Pension Payment Order. This unique 12-digit number is the transaction ID for communications and transactions regarding the Employee Pension Scheme, or EPS.
The division of this 12-digit number is as follows:
- The first five digits of the code number correspond to the PPO issuing authority.
- The sixth and seventh numbers of the PPO number reflect the year of issuance.
- The numbers eight, nine, ten, and eleven correspond to the PPO’s serial number.
- Finally, the twelfth or final digit indicates a digital check digit.
PPO Number: Why Is It Important?
Pension payment orders are necessary for all employees. And this is the reason why:
- Receiving and monitoring your pension is possible with a PPO number.
- To report issues to the Employee Provident Fund Organization (EPFO), use the PPO number.
- You must provide the PPO number if you require your pension to be deposited into a new bank account because your previous one was closed.
- To maintain the status of your pension, you must also submit the yearly life certificate with the PPO number.
How Can I Obtain An EPF PPO Number For My Pension?
If you are unsure of how to obtain a pension payment order, follow the instructions by scrolling down:
- Go to the official website of EPFO.
- On the “Services” page, select the “For Employees” option.
- Click the ‘Services’ tab and the ‘Pensioner’s Portal’ option. Press that button.
- You will be taken to the “Welcome To Pensioners Portal” page.
- From this screen, select ‘Know your PPO number’ located on the right side.
- You should now be entering the bank account numbers or PF numbers.
After providing the correct data, such as your PPO number, Member ID, pension type, etc, will displayed. The procedures listed above can help you locate your PPO number if you are Registered in the EPF plan but need to be aware of it.
How to get Online Pension Payment Orders
The Indian government launched the DigiLocker service to offer storage space for uploading or retrieving important documents as needed. By entering your Aadhaar number and logging onto the DigiLocker website, you can get your PPO online.
This is a thorough how-to for downloading PPO
- Visit the official website EPFO
- To access your account, click ‘Sign In’.
- Enter your username, mobile number, or Aadhaar number.
- The registered mobile number you provided will receive an OTP.
- Input both the previously generated security pin and the OTP.
- Press the “Submit” button. After you log in, you may access your account.
- Click “Issued Documents” after that. A fresh webpage will start to show up on your screen.
- To view additional issued documents, click the link.
- Select the tab labeled “Central Government.”
- Select “Employees Provident Fund Organization” by clicking.
- When a new webpage opens on your screen, click UAN. Once moved, enter your UAN.
- Click “Get Document” after that.
- The retrieved content will appear and be saved under “Saved Documents.” You have permission to view and download this file.
How to Check the Status of a Pension Payment Order
The simple procedures below can help you check the status of your Pension Payment Order (PPO):
- Visit the official Central Pension Accounting Office website.
- Select the option labeled “Pensioner.”
- Go to the ‘PPO Status’ menu item.
- Next to the words “Enter 12 Digit PPO NO.,” there is a box. In that box, enter your PPO number.
- Select “Submit” from the menu.
Summary
You now understand what a PPO order is and how to download one. You must know that the EPF’s EPS is a contribution-based plan. Thus, contributions to the employee pension plan should come from the company and the employee. You must fund your EPF account with 12% of your monthly basic pay and deferred income (DA). Moreover, the company matches the employees’ contribution. So, the EPF account receives a contribution of 24 percent of your earnings. The EPS program receives contributions totaling 8.67% of this total amount.