BOB Pensioners Savings Bank Account

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BOB Pensioners Savings Bank Account

Bank of Baroda Pensioners Savings Account offers exclusive benefits, hassle-free banking, and special perks for retirees. Secure your savings with ease!

  • cheque availibilty
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Details for BOB Pensioners Savings Bank Account

Bank of Baroda Pensioners Savings Bank Account is designed for retirees, offering special benefits like higher interest rates, free transactions, priority services, and seamless pension disbursal. Enjoy stress-free banking with personalized support, low maintenance charges, and exclusive privileges tailored for pensioners' financial security and convenience.

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Interest Rate

4.50% p.a

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Withdrawal Limit

Not available

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Transaction Limit

Not available

Minimum Balance Required

  • Nil

Eligibility Criteria for Opening an Account

  • All individuals who have retired on Superannuation / retired due to VRS from any Central Govt Department/ State Govt. Department/Local Bodies/PSU and eligible for pension can open the Pension Account under the Scheme.
  • Retired Defence Services Personnel are eligible irrespective of their age.

Additional Benefits

  • Cash Deposit Rs. 5 lakhs and above
  • Cash Withdrawal Maximum of Rs. 50,000 per day withdrawal allowed to the account holder only at outstation branches.
  • Third-party cash payment at local non-base branches and outstation branches is totally restricted.
  • Free debit card for the first year then Std. charges per annum will be levied.
  • Open the account with Rs. 5 only
  • Zero balance account
  • Overdraft facility available
  • Free unlimited cheque book
  • life insurance available
  • 10Bank of Baroda staff pensioners are also eligible under this scheme

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