About Bhavishya Software:
- It is an online Pension Sanction & Payment Tracking System launched by the Department of Pension & Pensioners’ Welfare.
- It was made mandatory for all central civil Ministries and Departments w.e.f 01.01.2017.
- It was launched to address the problems of delay & clerical errors in processing the pension cases, as well as financial loss and harassment to the pensioners,
- Features
- Auto Registration of Retirees: It is integrated with payroll package and would auto fill of basic data of the retiring employees and provide the necessary MIS to the various departments as well as to the DOPPW the number of employees due to retire in the next 15 months.
- Strict timelines: The software has laid down strict timelines for various stages of pension processing across all stakeholders involved. The process starts online 15 months prior to retirement and the pensioner has to fill up a single form once.
- The system on its own keeps throwing up alerts to the pensioner as well as to the stakeholder for meeting out the deadlines prescribed for various stages.
- Transparency and Accountability: There is complete transparency and accountability in processing of a pension case and due to this system, it becomes very easy to identify the delay points if any, and fix responsibility.
- e-PPO (Electronic Pension Payment Order): It has also been integrated with the Public Financial Management System (PFMS) module of Central Pension Accounting Office (CGA) and e-PPO is transmitted by the concerned Ministry/Department’s PAO to CPAO from where it goes to the Bank.
Q1: What is the Public Financial Management System?
The Public Financial Management System (PFMS) is a web-based financial management application developed and implemented by the Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance, Government of India.
Source: BHAVISHYA – Promoting Digital Empowerment and Ease of Living for Pensioners
Last updated on July, 2025
→ UPSC Notification 2025 was released on 22nd January 2025.
→ UPSC Prelims Result 2025 is out now for the CSE held on 25 May 2025.
→ UPSC Prelims Question Paper 2025 and Unofficial Prelims Answer Key 2025 are available now.
→ UPSC Calendar 2026 is released on 15th May, 2025.
→ The UPSC Vacancy 2025 were released 1129, out of which 979 were for UPSC CSE and remaining 150 are for UPSC IFoS.
→ UPSC Mains 2025 will be conducted on 22nd August 2025.
→ UPSC Prelims 2026 will be conducted on 24th May, 2026 & UPSC Mains 2026 will be conducted on 21st August 2026.
→ The UPSC Selection Process is of 3 stages-Prelims, Mains and Interview.
→ UPSC Result 2024 is released with latest UPSC Marksheet 2024. Check Now!
→ UPSC Toppers List 2024 is released now. Shakti Dubey is UPSC AIR 1 2024 Topper.
→ Also check Best IAS Coaching in Delhi