Axis Pension Savings Account

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Axis Pension Savings Account

Plan for a secure future with the Pension Savings Account. Enjoy higher interest rates, tax benefits, and easy access to your retirement savings.

  • cheque availibilty
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Details for Axis Pension Savings Account

The Pension Savings Account helps you secure your retirement with higher interest rates and tax benefits. Designed for long-term savings, it offers easy access and ensures financial stability during your post-retirement years. Start planning for your future with added benefits and flexibility.

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Interest Rate

3.50% p.a

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Withdrawal Limit

40,000/-

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Transaction Limit

1,00,000/-

Eligibility Criteria for Opening an Account

  • Employees of Central Government and civil ministries who are covered under the Central Government Civil Pension Scheme operated by Central Pension Accounting Office, Department of Expenditure and Ministry of Finance.
  • Employees of the armed forces (Army, Navy and Air Force) under Ministry of Defense who are covered under the Defense Pension Scheme operated by Pension Sanctioning Authority/Defence Unit.
  • Employees of an establishment with a workforce strength of more than 20 (including contract employees), who have opted to be members of the EPS 95 scheme.
  • Existing members of 'Member of Employees' Family Pension Scheme.

Additional Benefits

  • Access to your Central Civil Pension
  • Earn 3.0%-4.0%* interest on daily balances, quarterly
  • Free SMS alerts, access to 15000+ Axis Bank ATMs, 5100+ Axis Bank branches as well as internet and mobile banking services.
  • No average quarterly balance requirements.
  • Free & Unlimited multicity chequebooks
  • Nil charges on DD/PO issuance
  • Unlimited Cash transactions with no cap on value
  • Free and Unlimited transactions at all Axis and Non Axis ATMs
  • Free personal accident insurance* cover of Rs. 2 lakh upon swiping your card once every 6 months*.
  • Combined Lost Card Liability and Purchase Protection Liability of up to Rs. 50,000 to protect debit card from fraudulent use and also cover for damage or loss of articles purchased using the debit card.

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