Apply for a Pension Account Online| Pension Savings Account

Bank of India brings a Savings Account that understands your banking needs in your post-retirement days with our Pensioners Account. Designed to offer a host of banking benefits that makes your retirement period more convenient, it’s a reliable and secured savings account to enjoy stress-free golden days.

Pension Savings Account that Doesn’t See Age

Whether you want to retire early or late with pension benefits, Pensioners Account ensures that your banking journey is as convenient as possible so that you can live life to the fullest. Make the best decision for your life after retirement with a trusted savings account by your side.

Experience simplified banking with our user-friendly online and mobile banking platforms. Perform transactions, access account details, and enjoy hassle-free banking from the comfort of your home. Our digital banking services are designed to provide you with a seamless and secure banking experience. You can now open your pension account at the convenience of your home through our digital platform also.

Open the doors to a comprehensive banking experience with the Pensioners Account from the Bank of India. Make the most of your post-retirement life with dedicated financial support from the Bank of India

Eligibility

Individuals drawing regular pension from Bank of India irrespective of age
Minimum Balance Requirement - Nil

Features

Features	Normal	Classic	Gold	Diamond	Platinum

AQB	Nil	Rs 10,000/-	Rs 1 Lakh	Rs 5 Lakhs	Rs 10 Lakhs
Eligible ATM Card	Rupay NCMC	Rupay Platinum	Rupay Select	Visa Business	Visa Signature
Waiver of ATM/ Debit card AMC	50,000/-	75,000	1,00,000	2,00,000	5,00,000
Free Cheque Leaves	First 25 leaves	25 leaves per annum	25 leaves per quarter	50 leaves per quarter	Unlimited
Waiver of RRTGS/NEFT charges	NA	50% waiver	100% waiver	100% waiver	100% waiver
Free DD/PO	NA	50% waiver	100% waiver	100% waiver	100% waiver
Credit card issuance charges waiver	NA	50% waiver	100% waiver	100% waiver	100% waiver
SMS/Whatsapp Alert Charges	Chargeable	Free	Free	Free	Free
GPA & other covers*	Rs 5,00,000	Rs 15,00,000	Rs 30,00,000	Rs 55,00,000	Rs 1,05,00,000
Free transaction at BOI ATM per month	Nil	5	Unlimited	Unlimited	Unlimited
Free transaction at other ATM per month	Nil	5	Unlimited	Unlimited	Unlimited
Concession in retail loan processing charges**	50%	50%	50%	100%	100%
Concession in ROI for retail loan**	Not available	Not available	5 bps	10 bps	25 bps
Locker Rent concession	Not available	Not available	20%	50%	100%
Salary/Pension advance	Equal to 1 month pension	Equal to 1 month pension	Equal to 1 month pension	Equal to 1 month pension	Equal to 1 month pension
Instant personal loan	Equal to 6 months pension	Equal to 6 months pension	Equal to 6 months pension	Equal to 6 months pension	Equal to 6 months pension

*The cover is subject to settlement of claims by the insurance company without any liability to the bank. The rights and liabilities of the insured shall be with the insurance company. Bank holds the right to withdraw the facility at its discretion.
**In case of any other concessions already offered to retail loan customers, viz festive offers, special concessions to women beneficiaries etc, the concession proposed here is automatically withdrawn.

Terms and Conditions apply