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Axis Bank Pension Savings Account

Axis Bank Pension Savings Account

 

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  • Account Type
  • Saving Account
  • Minimum balance
  • ZERO
  • Daily withdrawal limit
  • Rs 40000
  • Free debit card
  • Free
  • Funds transfer facilities
  • FREE
  • Auto sweep FD facility
  • N.A.

Features and Benefits of Axis Bank Pension Savings Account

  • Zero Balance Savings Account
  • Anywhere Banking - Available at all centers
  • Free Multi-city At Par Cheque Books
  • Free monthly e-statement
  • Free International Debit-cum-ATM Card for the primary & Joint holder. The account can be opened jointly only with spouse.
  • Personal Accident Insurance Cover of Rs. 2 lakhs [To keep your personal accident insurance cover activated, you should have made a purchase transaction in 365 days prior to the day of the incident & should have maintained an average quarterly balance of Rs 5,000 (urban & metropolitan branches) or Rs 2,500 (rural & semi-urban branches) as the case may be in the two quarters before the date of the incident.]*
  • Free Payorder & Demand Draft
  • Internet Banking - Available through "iConnect"
  • Tele-banking - Free, Available 24 hours at select centers
  • Mobile Banking Facility
  • Demat Account - Account opening charges waived
  • Safe Deposit Lockers - Preferential allotment

Documents Required for Axis Bank Pension Savings Account

  • All employees of central government and civil ministries who are covered under the Central Government Civil Pension Scheme operated by Central Pension Accounting Office, Department of Expenditure and Ministry of Finance.
  • All employees of Armed Force (Army, Navy & Air Force) under Ministry of Defence who are covered under the Defence Pension Scheme operated by Pension Sanctioning Authority/Defence Unit.
  • All the employees of an establishment with a workforce strength of more than 20 (including contract employees) and who have opted to be members of the EPS 95 scheme.
  • Existing members of "Member of Employees" Family Pension Scheme.

The identity of the Pensioner is to be established through Pension Payment Order (PPO) issued by the concerned Pension Paying Authority.

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