SAVING ACCOUNT DETAIL
Pension Saving Bank Account
Highlights
Bank HDFC Bank
Category Senior Citizen
Minimum AQB
(Average Quarterly Balance)
No minimum balance required
Interest Rate 4%
Card Offered ATM cum Debit Card
ATM Card NA
ATM Card - Replacement charges NA
Main Features
    The Pension Saving account is a Zero Balance Account.
  • Timely credit of receivables.
  • Free International Debit Card.
  • Enjoy facilities such as NetBanking, PhoneBanking, BillPay, ATM facility, inter-city and inter-branch banking.
  • Pension Accounts are transferable from one branch/bank to another.
  • The HDFC Bank advantage
    • Pension Accounts are opened immediately after advice, and deliverables reach in time- within the 1st and 5th of the new month (in case of EPFO) and last day of the month (in case of Central Govt. Civil Pensions).
    • Timely communication to the customer on receipt of the PPO.
    • No delays in commencement of pension disbursals (subject to all the stipulated terms/conditions are fulfilled by the pensioner).
    • Dispatch of credit advice containing detailed calculations of the amount credited each month within 10 days of the payment.
    • Timely issue of Form- 16A (by April 15th) for tax deducted at source in the immediately previous financial year.
    • Timely intimation of revisions due to changes in rates of Pension or Dearness Allowance.
    • Immediate action in case family pension devolves to the spouse.
 Fees & charges
 Services & Features
 Eligibility Criteria
Show All Saving Accounts

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