The retired employees are now available to draw cash at 165 branches equipped with a centralized e-Pension system without service charges, according to the Myanma Economic Bank (MEB). MEB has upgraded the e-Pension system to a centralized e-Pension system since September 2023 and now available at more than 160 bank branches.
If a retired employee who is using centralized e-Pension system to withdraw cash at Branch (2), Yangon or another branch, he can withdraw in person or by another person on behalf submitting e-Pension card. Under the centralized e-Pension system, the pensioner can assign three persons to withdraw money on behalf of him.
Previously, a retired employee who was living in other parts of the country came to Yangon to withdraw pension, now he can withdraw money at the nearest Myanma Economic Bank (MEB) branch, said a retired employee.
Currently, the retired employees withdraw money by going to a bank in person or other means such as sending representatives, using mobile phone, opening saving account or current account and using ATM card.
