All Pensioners who are drawing pension through Bank of India Branches irrespective of age
Eligibility
Singly or in joint names only with spouse with operational instruction Either/Survivor or Former/Survivor
Average Quarterly Balance Criteria
NIL
Opening of Account/ Minimum Daily Balance
No Minimum Balance Requirement
Charges for Non-Maintaining Average Quarterly Balance
No Penalty for Non Maintaining AQB
Charges for excess debit entries in Savings Bank account ATM / INTERNET transactions not to be counted / reckoned
Up to 10 Customer induced debit entries a month :FREE
Beyond 10 debit entries : FREE
(It is charged for other customers)
Personalized Cheque books per calendar year
50 Leaves (Free)
Issuance of DD/Pay slips
6 DD/Pay slips per Quarter : FREE
Demat Account Annual Maintenance charge
Waiver of AMC Charges on Demat A/cs (for First Financial Year only)
Group Personal Accident Death Insurance cover
Group Personal Accident Death Insurance Cover of Rs.5 lakhs (Premium paid by Bank)
Note:Bank holds the right to withdraw the facility at its discretion in subsequent year.
Easy Overdraft Facility
The account holder may be provided overdraft facility for maximum amount equal to 2 month of the pension amount (net credit to SB a/c last month) in their SB Account upon fulfillment of terms and conditions stipulated by the Bank.
