Post Offices are Pension Offfices

Post Offices are Pension Offfices

Now, persons employed in the unorganised sector need not go farther than their nearest head post office to avail pension benefits.
India Post has enlisted 817 head post offices across the country as the Point of Presence to start its New Pension Scheme, introduced by the Central government. Of them, 27 head post offices are in the 14 districts of Karnataka.
“The scheme is now open. Any person other than government employees, in the age group of 18-55 years, can avail the scheme and contribute till the age of 60 years, after which every month the person can get the pension benefits as per the scheme he/she opts for,” said Sandhya Rani, Post Master General, South Karnataka region.
She said that the training of officers working for the region was complete. The 27 head post offices in the state where the service is available are - Kollegal, Nanjangud, Chikmagalur, Koppa, Chitradurga, Karkala, Kulshekar, Mangalore, Puttur, Davangere, Arsikere, Hassan, Madikeri, Chikballapur, Kolar, Mandya, Srirangapatna, Mysore, Saraswathipuram, Bhadravati, Sagar, Shimoga, Tiptur, Tumkur, Kundapur, Manipal and Udupi.
Rani said that the Pension Fund Regulatory and Development Authority had facilitated the scheme.
She said the subscriber’s money would be invested as per the scheme preferred by him/her. She said the subscriber had to fill the registration form available at the post-office, which would be verified and then forwarded to Central Record Agency-Facilitation Centre (CRA-FC).
“I believe this is one of the best pension schemes for those in the unorganised sector. It will provide a kind of social security for people like rickshaw drivers and other private job holders,” Rani said.
Features of the scheme
It is open to any Indian citizen other than Government employees, between the age of 18-55 years.
Contribution to the scheme may be monthly, quarterly, half-yearly or yearly.
Minimum contribution is Rs 500 per month or Rs 6,000 per annum. Minimum number of contribution is four in a year.
Source-i net