| PARAMETERS | FEATURES |
| Eligibility | Pensioner/Prospective pensioner including all the employees retired from our bank who has given mandate for credit of his pension in the account. Account will be opened preferably jointly with spouse. |
| Minimum Quarterly Average Balance (Subject to change in QAB for General saving Fund Account) | ZERO |
| Initial Deposit | ZERO |
| Charges for not maintaining QAB | No charges |
| Joint Account | Only with Spouse |
| Nomination | Allowed |
| Free Cheque leaves | 50 cheque leaves per year |
| NEFT charges | Free |
| Issue of Demand Drafts | Free one draft per month- up to Rs.25,000/- |
| Collection of pension cheque | Free |
| Issuance of RuPay debit card | As applicable |
| SMS alert charges | Free |
| Overdraft facility* | Rs. 1,00,000/- or the 4 times the monthly pension (Net of arrear, if any for this purpose, the incumbent to check the pension credit for the last two months) whichever is lower. |
*Terms & Conditions for Overdraft Facility:
- Overdraft facilities will be given to those pensioners whose pension is being processed by our bank through CPPC & to all employees retired from our bank and drawing pension/family pension being processed by PF & Pension Department of Bank.
- Account should be joint account with the spouse.
- Maximum age of pensioner should be 70 years at the time of sanction of overdraft.
- Request for overdraft is to be signed by the both joint account holders.
- OD facility at interest rates applicable to Pension Overdraft loans.
- The overdraft is adjustable any time during the next twelve months. However interest is to be served every month.
- Account must come in credit once in twelve months.
- In the event of death of spouse, pensioner to inform the bank immediately and in that case no further overdraft is allowed in the account.
- The facility of Overdraft shall be immediately discontinued in case the overdraft remains outstanding after the end of twelve months and applicable penal interest will be charged for the overdue period.