EOBI starts disbursing pension thru ATM cards

Islamabad—Employees Old Age Benefits Institution (EOBI) has started disbursing pension among its registered beneficiaries of Rawalpindi and Islamabad and other cities through Automated Teller Machines (ATMs) cards from Saturday (Oct 1).
According to official sources, the pensioners have been asked to ensure their biometric registeration from nearest branch of Bank Al Falah immediately, failingwhich the payment to pensioners hailing from Rawalpindi, Islamabad, Karachi, hyderabad, Multan, Lahore, Gujranwala, Faisalabad,Peshawar and Quetta would be stopped through National Bank of Pakistan (NBP) from November 1, 2016.
The country’s other citie’s EOBI pensioners registeration of thumb impressions through biometric verification would continue in Bank Alfalah till November 30, 2016. They would starts receiving pensions through ATM cards from December 1, 2016.
The EOBI pensioners have been advised to bring their original Computerised National Identity Card (CNIC), original pension book to their nearest branch of Bank Al Falah for registration. Pensioners can contact helpline 0800-3624 for assistance, guidance and facilitation.
The pensioners having completed the process of biometric verification in Bank Alfalah have been asked to contact 111 225 229 for activation of their ATM cards. The EOBI pensioners would continue receiving pensions from designated branches of National Bank of Pakistan (NBP) till activation of new system of the distribution of pension. The pension payment through NBP to across the country pensioners, who failed to ensure their biometric registeration in Bank Al Falah, would be stopped from December 1, 2016.
The main aim of the revolutionary step was to enable the EOBI pensioners to get their pension in hassle free environment, besides saving them from standing in long queues for getting money.
Meanwhile over 80,000 companies registered with EOBI have started depositing their employees monthly contributions in Bank Al Falah from October 1, 2016 as NBP was no more authorised to receive employees’ monthly contributions from EOBI registered companies.
Pensioners can contact helpline 0800-3624 for assistance, guidance and facilitation. It merits mentioning here that the Bank Alfalah had signed a 5 year contract with Employees’ Old-Age Benefits Institution (EOBI) in September 2015 for disbursement of funds to pensioners all across Pakistan.—APP

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