Outlook Money
It is a type of government-provided financial aid to the retired individuals of India, that allows an inflow of cash in retirement, ensuring financial stability.
All pension programs are overseen by the social welfare department. These welfare programs differ from state to state, with each state offering a different pension amount to beneficiaries. Old age pensions serve as a means of support for the impoverished and retired elderly in numerous states.
Eligibility may vary from state to state. However, the legal age of pensioners must be between 60 to 65, a retiree should be below the poverty line in economic strata and should have a government ID such as an Aadhaar card, PAN card, etc.
The application procedure involves setting up login credentials using contact information like a registered phone number or email, along with creating an appropriate password.
After registering, the beneficiary then has to log in through the created credentials and fill in the details which consist of basic data for creating the pensioner’s profile such as name, contact details, Aadhaar card etc. After filling in the required details, one has to review the details and click on 'submit' to enroll.