Pension Disbursement Account can be opened by individuals pertaining to below Government entities:-
Existing and potential pensioners amongst:
- Defence services
- Police services
- Government employees who have joined service before 01.01.2004
- Central Government employees
- State Government employees
- Employees of Public Sector Units other retirees drawing pension (such as EPFO members)
- Government employees who have joined after 1.1.2004 are mandated to open NPS account for receiving pension. This however excludes Defence personnel.
Documentation required:
1. Account Opening Form (AOF).
2. Identity proof of customer (as per RBI KYC guidelines).
3. Address proof of customer (as per RBI KYC guidelines).
4. Pension proof letter duly signed by employer / Pension Payment Order (PPO).
5. Passport size photo of customer.
Customers can visit any nearest branch for opening a Pension Account along with the above mentioned documents.
