Target Group


All Pensioners who are drawing pension through Bank of India Branches irrespective of age



Singly or in joint names only with spouse with operational instruction Either/Survivor or Former/Survivor

Average Quarterly Balance Criteria



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.

Nomination facility


Available as per the prevailing banking norms