If you are receiving the EOBI pensions from Bank Al Falah then you need to know that it is going to end soon. The government of Pakistan has decided to discontinue the distribution of EOBI pensions through the Bank Al Falah in August 2024.
The purpose of this disconnection is not disclosed and the officials of EOBI haven’t named the alternate bank after the closure of Bank Al Falah. The government of Pakistan approved the Bank Al Falah in May 2016 to distribute the pension payments to retired employees.
However, now the contract is over and the government will announce the new name soon. So you need to keep checking our website to get the latest news about the EOBI pension.
What You Need to Do?
To ensure uninterrupted receipt of your EOBI pensions, continue using your current Bank Al Falah debit card until August 2024. Following this period, it will be necessary to open a new bank account with the bank designated by the government for pension distribution.
Stay informed by visiting our website regularly for updates on the new bank arrangement for EOBI pensions. This proactive step will help retirees smoothly transition to the new banking system for receiving their pensions.