Pension Deposit
ELIGIBILITY
- Saving Account is compulsory.
- Any resident individual can open a single account.
- Two or more individuals can open a joint account (maximum 4 persons).
- Illiterate persons are eligible.
- Visually impaired persons are eligible.
- Associations, Clubs, Trusts, Institutions/Agencies, Partnership Firms, Private Limited Companies, and Proprietorship Concerns are eligible.
FEATURES
- Persons who have completed 60 years of age will receive an additional 0.5% interest rate.
- Simple and convenient deposit option for depositors.
- An ideal option for earning a fixed monthly income.
- Easy to operate with clearly stated terms and conditions on the deposit form.
- No hidden charges or costs.
- Nomination facility available.
RATE OF INTEREST
Interest @ 7.50 % from 2 to 3 years (for senior citizen 0.5% extra) 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 recent passport-size color photographs.
- Proof of residence (Passport, Driving License, Ration Card, Voter ID Card, Electricity Bill, Aadhaar Card, etc.).
- Valid Photo Identity Proof.
- Introduction from a person known to and acceptable by the Patsanstha.
- Permanent Account Number (PAN) Card with original document for verification.
- Initial deposit to be made in cash.