EOBI stands for Employee Old-Age Benefits Institution. This is a pension institution for elderly people.
The Department of Human Resources and the ministry of overseas Pakistanis run this institution. EOBI is a social security scheme that was formed in 1976. The EOBI scheme was introduced by the government of the Pakistan People’s Party led by Zulfiqar Ali Bhutto.
How to Register for EOBI
In order to register for EOBI, you need to download the registration form from the EOBI website. So, visit www.eobi.gov.pk.This form is called “Form PE-01”. Just fill out the form and then submit it to the regional office. You can submit your form with a challan fee. After your application is accepted, some part of your salary will be charged as gratuity.
This scheme is introduced by the government for private-sector employees. The persons applying for EOBI must be working in the private sector, both genders can apply, men should be maximum of 60 years and women be 55 years, and the person must be part of EOBI for the last 15 years.
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