Saturday, October 29, 2011

E-payment gateway to settle retired govt employees' benefits from Apr 1

NEW DELHI: 2011 April 1, retired government employees don't need to run from pillar to post to claim their post-retirement benefits anymore. Once an employee retires, all benefits like gratuity and provident funds are likely to be credited to the account the next day, and the pension will be deposited from the next month.

The Controller General of Accounts (CGA), the government's official account-keeper, has developed a fully secured e-payment gateway for direct credit of dues into the accounts of beneficiaries using digitally signed electronic advice through the new system.

Besides revolutionizing payments to individual beneficiaries, the government's e-payment gateway (GePG) - linking 1.3 lakh agencies down to the level of panchayats - has been developed to capture all data on receipt, payments, borrowings and deficit real time.

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