Pension Savings Account

Attractive interest rates Priority banking services Locker facility

Enjoy convenience of stress-free banking after retirement

Apply now

Enjoy attractive interest rates on savings account balances and retail term deposits*
No minimum balance requirement
Exclusive benefits
- Open an account with zero balance
- Free cash deposit limit - ₹2,00,000 per month
- Free fund transfer facility - RTGS/NEFT (Branch)/IMPS/DD - 3 transactions per month
- Multi-city at par cheques - 10 cheque leaves free per month
- Free cash withdrawal at Bandhan Bank ATMs
- Cash withdrawal at other bank ATMs – 5 transactions free per month
- Free NEFT transactions through Internet Banking and mBandhan app
- Wide range of locker facility available to suit your needs and preferences. To know more, click here
- Exclusive Mastercard Titanium Debit Card benefits. To know more about the features and benefits of Mastercard Titanium Debit Card, click here.

Wide range of standard benefits:
- Passbook - free
- Multi-city at par cheque book
- Avail services at any branch
- Electronic fund transfer facility
- Digital banking – Internet Banking, phone banking & mobile banking
- SMS & email transaction alert
- Monthly e-statement of account
- Email statement and SMS alert – Free
- 24x7 customer care

Click to view the updated list of interest rates & charges

Click to view the Pension Savings Account Schedule of Charges

Individuals drawing regular pension. They should be employees of central government, state government, public sector units & railways.
Pension savings account can be opened by an individual with either of the following modes:
- Single
- Either or Survivor
- Former or Survivor
In case of joint account, secondary holder can be spouse only.

For Individuals

Identity proof
Address proof
One latest passport size photograph
Retirement order, pension payment order copy, employment ID card

Documents acceptable as identity & address proof (for domestic individual savings accounts – opening of accounts/address change/periodic updation of KYC [Re-KYC]):

Aadhaar card
Passport
Driving license
Voter ID card (Issued by Election Commission of India)
Job card by NREGA duly signed by an officer of the state government
Letter issued by National Population Registry confirming details of name & address
Only a single copy of the document is required if it is listed under both address & identity proof, e.g., Passport/Aadhaar
If mailing address & permanent address are different, provide address proof documents for both

For Joint Account

Address & identity proof documents for both applicants
A single address proof to the primary account holder will only be accepted if it is supplemented by a relationship proof between both holders