IND PENSION-PRIME PLUS
IND PENSION-PRIME PLUS
| Target Customers | All pensioners drawing Central, State Govt./ EPF pension (including Central forces, Armed forces, Navy, Paramilitary forces etc.) irrespective of age. | |||||||||
| Joint Account | Only with Spouse under Former/ Survivor Clause. | |||||||||
| Initial Deposit | NIL | |||||||||
| Average monthly minimum balance | NIL
(However, GPA coverage of Rs. 10.00 lakh shall be provided to all the customers maintaining MAB of Rs. 10000 and above) |
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| Nomination | Mandatory | |||||||||
| Cheque Book | 20 Cheques Free in a Calendar Year. | |||||||||
| Sms Alert Charges | Free | |||||||||
| NEFT/ RTGS/ IMPS (Digital Channel) | Free | |||||||||
| Insta OD Facility | Inbuilt OD facility to pensioners–
The in-built overdraft (OD) facility allows pensioners to avail an overdraft limit based on their monthly pension credit. The maximum limit of Rs 1,00,000/- or one-month pension credit, whichever is less. This ensures easy access to funds while maintaining financial flexibility. The rate of interest (ROI) will be at par with ROI of the IB pension loan scheme on an ongoing basis. At present ROI in the product will be: Repo Rate + Prime Spread + Spread which is as under:
(OD facility will be extended up to maximum age of 75 years for regular pensioners. No Insta-OD facility for Family Pensioners to be extended) |
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| Pension Loan | Pension Loan up to 18 times of monthly pension credit for regular pensioners & for family pensioners max up to 12 times
(All terms and conditions of pension loan issued by Retail Asset Department from time to time applicable) |
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| Personal Accidental Insurance |
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| Health Care Consultation Facility | Free Health Care Consultation facility for Pensioners & spouse will be provided through a Digital Health Care Platform ( Account Holder + 4 Family Members) | |||||||||
| Jeevan Pramaan (Digital Life Certificate)/ VLC | Pensioners can submit life certificate through the video life certificate facility via face authentication or through jeevan pramaan portal. | |||||||||
| ATM Debit Card | RuPay Platinum Debit Card | RuPay Select Debit Card | ||||||||
| Free of cost Customized Rupay Platinum Debit Card for 1 years.
Special Offers under Rupay Platinum Debit Card*: · Domestic Airport lounge One (1) access per calendar year worth Rs.1000/. · International lounge One (1) time per calendar year per card worth of Rs.2000/- · Personal Accident Insurance cover (Accidental Death or Permanent Total Disability) of upto Rs. 2,00,000. Cardholder needs to perform minimum one successful RuPay Card induced financial transaction at any POS/E-com, Intra or Inter-bank i.e. on-us or off us within 30 days prior to date of accident including accident date of RuPay Cardholder.
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Free of cost Customized Rupay Select Debit Card for customers maintaining MAB of Rs. 50000 and above (or) RTD of Rs. 30.00 lakh and above.
Special Offers under Rupay Select Debit Card*:
Apart from benefits of Rupay Select Debit card as above following benefits will also be included in customized card for pensioners:
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| (*subject to Terms and Conditions of NPCI/Rupay which may change from time to time). | ||||||||||
| Maximum withdrawal at other bank ATMs. | 5 transactions free per month (Metro ATMs /Non Metro ATMs) | |||||||||
| Lockers | A fixed discount of Rs. 850/- or 50% concession on locker rent, whichever is lower to be extended. | |||||||||
| Credit card | Available subject to fulfilment of Banks eligibility criteria. | |||||||||
| Mode of Withdrawal | Cheque / Non -Cheque | |||||||||
| Other Terms & Conditions |
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