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The document is a Direct Credit of Pension form that pensioners must fill out to receive their pension payments directly into their bank accounts. It requires personal information from the pensioner, including identification numbers, addresses, and contact details. The form also includes an indemnity bond clause, where the pensioner agrees to indemnify the bank against any liabilities related to excess funds credited to their account. Additionally, it mandates verification by the bank and includes sections for signatures and witness information.

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Who is eligible for family pension in Pakistan?

a) Wife or Wives in case of male government servant; b) Husband in case of female government servant; c) Children of the government servant; d) Widow or widows and children of a deceased son of the government servant; 2. The grant of family pension (gratuity and pension) is regulated under Rules 4.6, 4.7 and 4.10 ibid.

Which bank account is best for pension in Pakistan?

Ideal for retired individuals, Enjoy modest returns with easy access to your funds, HBLs Pensioner Account offers you the flexibility and capability to bank with ease.

What is pension formula in Pakistan?

First calculate gross pension Last pay drawn* x7/300x length of service of the deceased govt. servant. *Include all emoluments reckonable for pension.

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How to calculate the pension?

The amount of pension is 50% of the emoluments or average emoluments whichever is beneficial. Minimum pension presently is Rs. 9000 per month. Maximum limit on pension is 50% of the highest pay in the Government of India (presently Rs. 1,25,000) per month. Pension is payable up to and including the date of death.

How do I find PPO number in Pakistan?

PPO number can be found using your bank account number or EPF account number. Simply visit the official website of EPFO, click the Know your PPO number and enter your bank account details or PF number to find your unique 12 digit PPO number.

What is the full form of PPO in army?

Ensure to submit your claims in the prescribed proforma for grant of pension/gratuity/commutation/revision to your Head of Office atleast six months before the date of your retirement so that the Pension Payment Order (PPO) docHubes you through your Head of Office before your retirement.