Hey,
I believe you know that the central government pays pensions to the citizens. The process of the pension amount being released is taken care of by various disbursing agencies. This is why you need to know CPPC full form. A pension is a retirement scheme given to those who are eligible. The government allocates the funds from its treasuries.
Get smooth and easy loan sanctioned at a low interest rate by availing NoBroker Home Loans Calculate how much you are to pay monthly with NoBroker EMI calculatorThe full form of the acronym is Centralised Pension Payment Centre. To make sure, pensioners or dearness relief receive pension payments on time. The government has established a CPPC system in each bank.
What is CPPC?
For telecom pensioners, state government employees, central government employees, defence pensioners, central civil pensioners and railway pensioners CPPC is used for pension distribution. This retirement benefit is given to government employees. Even the state government is allowed to distribute pensions.
What is CPPC in pension?
CPPC is a system which allows for pension amounts to be disbursed to those eligible. Most Public sector banks in India both have centralised payment. All the changes are done centrally in the system. Eg. Different branches of the Bank of Baroda (BOB) will not release the pension amount. It will be done by the pension paying branches from the CPPC. The BOB - CPPC centre is in Gujarat. The address is 21st Floor, BGSS, Gift One Tower, Gift City, Gandhi Nagar, Gujarat- 382355.
I hope you have now grasped CPPC full form.
Read more : Which Pension Fund Manager Is Best For NPS? How Family Pension is to be Calculated? What is Invalid Pension?Your Feedback Matters! How was this Answer?
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What is CPCC in pension ?
Pawan
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2022-08-18T20:17:11+00:00 2022-08-18T20:17:12+00:00Comment
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