What to do if the bank stops pension payment even the digital life certificate available in the govt Jeevan Portal?
Bank Stop Pension Payment
A-Bank Account and pension Distribution--
A bank account is a financial institution that holds money for its customers. Banks offer different types of accounts such as savings accounts, checking accounts, current accounts, and others.
Digital Life Certificate- A proof of being alive-- A life certificate is a document that certifies that someone has died. A person who has been declared dead cannot claim his/her pension. If a person dies without having a life certificate issued, then the government will issue a death certificate. A life certificate is issued by the Government of India to citizens who have attained the age of 18 years or above and have completed their education.
Can Bank Stop Pension?- A bank stop pension is a type of pension plan where the employer stops paying the employee's pension after a certain period. This is Govt guidelines. In some cases, the employer may continue to pay the employee's salary until he reaches retirement age. However, if the employer does not make any further payments, then the employee becomes eligible for a bank stop pension. Bank Stop Pension - All persons over 50 years old must own at least USD 2500.00 worth of life insurance policies (bank stop) to receive this pension. If the policy is not owned, the bank stop pension amount will be less than zero dollars.
B-when the pension starts to pay--
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When the pension starts to pay, you should start saving money. You have been working hard all these years, now it's time to enjoy the fruits of your labour. Start investing in stocks and bonds. If you don't know how to invest, then find someone who does. Investing in stocks and bonds will help you achieve financial freedom. You should not spend everything you make. Save at least 10% of what you earn. There are many ways to save money. One way is to cut down on unnecessary expenses. Do not buy things you do not need. Another way is to set aside some money each month and put it away in a savings account.
Retire early- When the pension starts--- If you want to retire early, you should plan ahead. Make sure you have enough money saved before you stop working. If you have a Govt pension plan, you may want to contribute more than the minimum amount allowed.
Retirement plans-study deeply-- Take advantage of retirement plans offered by your employer. Many companies offer their employees a company match program. This means they will give you money to invest if you agree to invest it for them. Start planning for your future. Think about where you would like to live. What kind of house would you like? How much money do you want to spend on vacations? Would you like to travel? Where would you like to go?
Factor-Retirement Age of an employee-- Retirement age refers to the age at which people can receive their pensions. Most countries have a minimum retirement age of 65 years. People who reach this age are entitled to receive their pensions.
C-Requirement of Paper for pension submitted in the portal/deptt.
1-Pension Plan-Already submitted-- Pension plans are financial arrangements that provide regular income to retirees. These plans are usually funded by contributions from employers and employees.
2-The-Aadhaar Card of Retire(retired in future) - Aadhaar card is 12 digit unique identification number issued by the Unique Identification Authority of India (UIDAI) to Indian residents. If you have not applied for an Aadhaar card yet, then you need to apply for the Aadhaar card immediately.
3- PAN Card- PAN card is a 10-digit alphanumeric personal identification number issued by the Income Tax Department of the Ministry of Finance, Government of India, to individuals/firms to identify them for filing income tax returns.
4-.Address Proof- a) Driving License- A Driving license is a permit issued to drivers by government authorities to allow them to drive motor vehicles on public roads. b) Voter ID card-Voter ID card is issued to voters by the Election Commission of India. c) Passport-A passport- A Passport is a travel document issued by the Government of India to its citizen nationals. A passport contains the following information about the holder: name; date and place of birth; gender; nationality; occupation; address; photograph; visa exemption; signature; and the validity period of the passport. d).NREGA Card- NREGA card is a type of employment guarantee scheme run by the Government of India's National Rural Employment Guarantee Act (NREGA). You need to get the details of the account holder from the bank.
D-Online portal-Jeevenportal--
- Click on the “Log in” button
- Enter Username - jeevenportal-admin@gmail.com
- Password – Password
- Now click on the “Forgot Password?” link
- You get a message box where enter your Email id
- Now click on the ‘Send Verification Code’ link
- A verification code appears in your email.
- Copy the code
- Paste it here
- Your account is now linked successfully
- Congratulations! Your account is now linked to Govt. Jeevan portal.
- For any further assistance please call us at +91-9830000033, +91-9930226665
- Any doubt related to the above steps? Please feel free to ask us.
- If the account holder is not present at the branch, then you have to contact the nearest branch office.
- Once you get the details of the person concerned, you need to verify his/her identity
- After verifying the identity, you need to submit a request to the customer care department of the bank.
- In case the customer does not respond to the request, you need to write to the customer care department again.
E-Bank-Online application form for pension-
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Once you get the Aadhaar card, then you need to link your Aadhaar number with your Bank account. where you will get the pension. After linking your Aadhaar number with your Bank account, then you need to fill out the online application form for pension disbursal. Once you fill out the online application form, then you need to upload scanned copies of all relevant documents along with your photograph. Once you complete the online application form, you need to pay a processing fee.
F-Wait for the whole process- You need to wait for 5 working days before getting any information about your pension. In case you do not receive any information about your pension after 5 working days, then you need to contact the nearest SBI branch and ask them to provide you with the details of your pension. In case you still do not receive any information regarding your pension, then you need to approach the concerned district magistrate's office. Once you get the information about your pension, then you should deposit the same amount in your SB PENSION account. Now, you need not worry about receiving any further information about your pension. It will take time to merge all papers from your Deptt. where you have to serve and concerned Bank from where you would like to draw the money. Your pension amount will automatically be transferred to your SB PENSION account every month. If you want to know how much money you have deposited in your SB PENSION account, then you need only log on to the official website of Bank--ex-SBI, i.e., sbi.co.in. Thereafter, you need to click on the ‘Account’ option under the 'My Account section. From the drop-down menu, select the ‘Pension’ option.
Family pension--Death Certificate of a Retiree.- Death certificates are documents that certify that someone has died. When someone dies, the family members will need to get a death certificate. After getting the death certificate, they will need to file it with the local authorities.
