Eligibility

All individuals who have retired on Superannuation / retired due to VRS from any Central Govt Department/ State Govt. Department/Local Bodies/PSU and eligible for pension can open the Pension Account under the Scheme. Retired including all the employees retired from our bank, Defence Services Personnel are eligible irrespective of their age. Account will be opened preferably jointly with spouse.

Age

Account can be opened by all those who are of age 55 years and above. Defence Services Personnel are eligible irrespective of their age

A minimum monthly pension credit

up to Rs. 50,000/-

Rs. 50,000/- Above

Minimum Balance Requirement

Nil

Nil

Joint A/c Facility with Spouse

Yes

Yes

Doorstep Banking Facility to the needy customers with the use of Business correspondent/ DDB agent appointed by Bank

Yes

Yes

Hassle free submission of life certificate for pensioners using Video based life certificate/Jeevan Praman/Biometric platform

Yes

Yes

Collection of TDS-Exemption Certificate (15 H) through BC

Yes

Yes

Delivery of TDS Certificate through BC/email/WhatsApp/Courier as Desired by the Customers

Yes

Yes

Instant Credit of Outstation

Cheques upto

Rs. 25,000/-

Rs. 30,000/-

Free Medical check-up during health camp organised by our tie up insurance companies

Yes

Yes

Dedicated Senior Citizen Desk at Branches, there is no need to wait in a queue.

Yes

Yes

Free value-added services like SMS alerts, monthly e-mail statements and passbook facility.

Yes

Yes

Internet & Mobile Banking Facility

Free

Free

Type of ATM Card

VISA Platinum/Rupay Platinum

VISA Signature/RuPay Select

Debit Card Charges

Issue Charge

Free

Free

Annual Maintenance Charge

Free

Free

ATM Cash Withdrawal Limit

Rs. 50,000/- per Day

Rs. 1,00,000/- per day in VISA Signature/ Rs. 50,000/- in Rupay Select

POS Limit

Rs. 2,00,000/- per day in VISA Platinum

Rs. 1,25,000/- in Rupay Platinum

Rs. 3,50,000/- per day VISA Signature/ Rs. 5,00,000/- per Day Rupay Select

Ecom Limit

Rs. 2,00,000/- per Day in VISA Platinum

Rs. 1,25,000/- in Rupay Platinum

Rs. 3,50,000/- per Day

Free ATM Card Access at Own ATM

Unlimited

Unlimited

Free ATM Card Access at Other ATM

3 transactions (financial + non-financial) per month at Metro or 5 transactions (financial + non-financial) per month at other centres

Unlimited

Lounge Access:

Domestic /International Airport

Lounge access is subject to card network. As per the present scenario, Rupay (Platinum/Select) provides 2 lounge access per quarter while VISA(Platinum/Signature) provides 1 lounge access per quarter

FREE Personal Accident Insurance

With Account

Rs. 5 Lakhs

(Death + PPD & TPD)

Rs 10 Lakhs

(Death + PPD & TPD)

With Debit Card

Rs. 2 Lakhs by NPCI for RuPay Platinum

Rs. 10 Lakhs by NPCI for RuPay Select Card

As per the terms and condition of NPCI. At present, Debit Card will be eligible for Rupay insurance program only if it is being used in POS/Ecom transaction once in 30 days

Fund transfer through NEFT

Free

Free

Fund Transfer through RTGS

Free

Free

Fund transfer through IMPS

Free

Free

Temporary Overdraft Facility in case of emergency, one pension credit is mandatorily, maximum 2 occasions in a calendar year

1 month net pension

up to - Rs. 50,000/-

2 months net pension

up to - Rs. 1 Lakh

Credit Card subject to Bureau score, income norms and other eligibility criteria

Issuance Free Annual Maintenance Charges (AMC) - 25% waiver.

Issuance Free Annual Maintenance Charges (AMC) - 50% waiver.

Personalized Cheque Book

40 leaves free per year

100 leaves free per year

Demand Drafts

Free unlimited to the extent of average balance available in the account.

Free unlimited to the extent of average balance available in the account.

Locker Operations

Unlimited Free

Unlimited Free

Concession on locker Rent

15 % waiver

25% waiver

Processing fee for eligible retail loan (other than home loan) schemes

50% Concession

100% Concession

Stop Payment Instruction Charges

Free

Free

Standing Instructions

Free

Free

Utility Bill Payment, online Tax payment

Free

Free

In case of Switch over the account to other Bank/Non-credit of pension consecutively 3 months

The Account shall be converted into SB Public Accounts by the branch wherein he/she would have to maintain the required balance. All the free/concession shall be withdrawn.

SWEEP OUT FACILITY

(Flexi Facility)

Available, if the balance exceeding Rs. 50,000/- will swept out and kept in TD

Core Deposit /Threshold Deposit

Rs. 50,000/-

Sweep Out amount

Rs. 5,000/-

Sweep out periodicity

 (From SB to FD Account)

upto 179 days