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Civil Pension Scheme - Invest In Pension Plans For Better Future

The Bank has received formal authorization/ permission from Central Pension Accounting office (CPAO - New Delhi) for disbursement of Pension along with authorized branches, whereby the individual pensioners could receive their monthly pensions through their ICICI Bank accounts.

  • Pension Payment Orders are issued by Central Pension Accounting Office, New Delhi.
 
  • The pensioner opens an account with ICICI Bank and furnishes the account number to the Pension issuing office who, in turn, issues the PPO (Pension Payment Order) with this designated account number.
 
  • The PPO is then sent to the Central Pension Processing Centre (CPPC) and the pensioner
 
  • Pension is disbursed every month through CPPC Package.

The coverage of the Scheme extends to all pensioners of the Central Government employed in Civil Ministries/ Departments (other than Railways, Post and Defence), National Capital Territory of Delhi, and Union Territory Administrations without legislatures, retired Judges of the High Courts and the Supreme Court and All India Service Officers. This Scheme also covers payment of pension to former Members of Parliament and the payment of pension and other amenities to the former Presidents/ Vice Presidents of India

 

 

Documents Required

  • Identity proof

  • Address proof

  • 1 photographs (passport size)

  • If you already have an account with ICICI Bank, you can use the same account

  • Else, submit the Savings Account Form along with KYC documents to open a new account, which is described in left side

  • Submit the account number and the name of the account holding branch to the Head of Office (HOO) or Record Officer (RO) in the organization

 

SMS ‘TAB’ to 5676766

 

Civil Pension Scheme FAQs

What documents are required to be submitted with the life certificate?

  • ID Proof
  • Life certificate

What is Jeevan Pramaan/Digital Life certificate?

Digital Life certificate can be submitted at the branches through Jeevan Pramaan app.

Where should I submit my life certificates?

  • Life certificates should be submitted at any branch (format in forms and formats)
  • Branch will raise an SR to CPPC under the path: IR > Liabilities > submission of Pension Document.

Sample Illustration of Pension Component Calculation?

Mr. ABC is a Central Government Pensioner and receives monthly pension in his ICICI Bank Savings Account. Below is the calculation of pension components for Mr. ABC’s monthly pension:

Component

Amount

Basic

₹ 1,12,050

Medical Allowance

₹ 1,000

Additional Age Allowance

NA

Sena Medal

NA

Constant Allowance

NA

Dearness Relief

₹ 61,628

Disability

NA

Other Allowance

₹ 1,294

Dearness Allowance Arrears

NA

Gross Pension

₹ 1,75,072

Deduction: Tax Deducted at Source (TDS)*

₹ 19,199

Net Pension

1,55,873

                            

*If applicable

Important Note:

  • The above table is a sample illustration and is for reference purpose only.

  • Actual pension components and amounts may vary from pensioner to pensioner, depending on individual entitlements.

  • For information regarding your actual pension components and amount, please contact our Branch Executive.

 

T&Cs apply.