No more harassment,no more waiting ,from April 1 after retirement of any govt employee his PF,gratuity will be funded to his account next day through online payment system and his pension will be start from next month of retirement.
E-Payment system has been developed by Controller General of Accounts (CGA) ,the official accountant of govt.It will be a fully secured online payment system for directly funded to employee’s account.
Except this Govt also applying near about 1.5 lack agencies in all over India to track all data related to this e-payment like payment,receipt etc.
This e-payment will save more than 5000 crore rupee every year.This facility will inaugurated by Finance Minister Pranab Mukherjee on 31st Oct and facilitated to people from 1st April’2012 .This facility will help govt to get the original view of financial requirement for development of various type of schemes .