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The Employee Provident Fund (EPF) is a pension fund for the workforce engaged in the organized sector in India. In this case, the corporate contributes on behalf of the employee with an aim of retirement planning of the employee.
ICICI Bank has entered into a deal with the Employee Provident Fund Organization, whereby the individual pensioners could receive their monthly pensions through their ICICI Bank accounts.
- Monthly benefits for superannuation/ retirement, disability, survivor, widow(er), children.
- A member who is permanently and totally disabled during the employment shall be entitled to a minimum pension
- Amount of pension based on average salary during the preceding 12 months from the date of exit and total years of employment
- In case of the death of subscriber monthly pension would continue to dependents
- Widower's pension:- Monthly widow pension shall be payable up to the date of death of the widow or remarriage whichever is earlier
- Children's pension:- If there are any surviving children of the deceased member, Monthly children pension shall be payable until the child attains the age of 25 years
- Monthly benefits for superannuation/ retirement, disability, survivor, widow(er), children.
- A member who is permanently and totally disabled during the employment shall be entitled to a minimum pension
- Amount of pension based on average salary during the preceding 12 months from the date of exit and total years of employment
- In case of the death of subscriber monthly pension would continue to dependents
- Widower's pension:- Monthly widow pension shall be payable up to the date of death of the widow or remarriage whichever is earlier
- Children's pension:- If there are any surviving children of the deceased member, Monthly children pension shall be payable until the child attains the age of 25 years
- New Savings Account Form along with KYC documents to open a new account
- Identity proof, Address proof, 1 photographs (passport size) and for
New Customer:
- Pensioner may approach to any branch to open pension account.
- Branches should follow the same documentation as general account opening process.
- In terms of documents eligibility, any letter/ document (preferably from his company) stating that the said customer is approaching retirement or has retired from the company.
- In case, family pension account Branches should adhere the above mentioned process for family members.
- In case, any minor family members, then Branches should adhere minor account opening process.
Existing customer:
- In case the pensioner is already holding an account with us and intends to receive pension through our Bank, he/she may provide bank account details to the Pension Authority on or before convert his/her existing account into pension account.
- Whenever customer approach to the branch for converting his/her existing account into a pension account, branch needs to collect the status change request along with any letter/ document (preferably from the pension authority) stating that the said customer is approaching retirement or has retired from the company.
If you have not updated your Digital Life Certificate through Jeevan Pramaan App in the month of November, your Pension will on gets hold by EPFO .
If you have submitted, then kindly visit the ICICI branch and request them to check with the link branch on the reason of non-payment. Also status can check in Govt. URL https://mis.epfindia.gov.in/PensionPaymentEnquiry/pensionStatus.jsp
Step 1: Select your EPFO office from dropdown.
Step 2: 5-digit office ID will catch automatically.
Step 3: Input your 7-digit numeric Pension Payment Order Number (PPO No.)
