Pension Deposit
ELIGIBILITY
  • Saving account is compulsory.
  • Any Resident Individual - Single Accounts.
  • Two or more individuals in Joint Accounts,(maximum 4 persons***)
  • Illiterate Persons
  • Visually Impaired Persons
  • Associations, Clubs,Trusts, Institutions/Agencies,Partnership firm, Private limited companies, Proprietory concerns.
FEATURES
  • Person who have completed 58 years of age or taken V.R.S. at the age of 55 will get additional 0.5% interest rate.
  • Simplest deposit option available to the depositor.
  • An ideal option for monthly fixed income.
  • Easy to operate.Terms and conditions expressed clearly for understanding on deposit form.
  • No hidden costs.
  • Provision for nomination.
RATE OF INTEREST
Interest @ 9.50% p.a., are being calculated on basis of deposited amount and will be credited per month.
DEPOSIT RECIEPT
Deposit reciept will be given to every depositor with account number with his/her name and address and all initial details.
DOCUMENTS REQUIRED FOR OPENING AN ACCOUNT (OPTIONAL*)
  • Two copies of latest color photographs.
  • Proof of residence (passport, driving license, ration card, voters card, electricity bill, aadhar card etc.)
  • Photo Identity Proof.
  • Introduction by person known and acceptable to the patsanstha.
  • Permanent Account Number (PAN) with original for verification.
  • Initial deposit in cash.