India, Nov. 10 -- Retirement brings a change in how you manage funds. In place of relying on a salary, you might depend on your pension, savings as well as investments to cover day-to-day expenditures. Being aware of your pension documents and planning how to use your savings can make this transition easier.

If you have come across the term PPO and wondered what it means, it is worth getting familiar with it before planning your finances. Being aware of what is PPO and how a one-time investment plan fits into your retirement strategy can assist you in making an informed decisions about your funds.

1. What is PPO and why is it necessary for pensioners?

PPO stands for Pension Payment Order in the Indian pension system. This is an officia...