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Government Business Solutions

Pension Disbursement

Manage your pension payments with ease and
enjoy convenient banking services

Features and Benefits

Eligibility and Documentation

Benefits to the Axis Bank Pension Payment Savings Bank Account Holders:

The Axis Bank Pension Payment Savings Bank Account holder will enjoy all the facilities of the Axis Bank Pension Payment Savings Bank Account viz. Free International Debit Card, Personal Accident Insurance Cover of Rs 2 lacs, Usage of more than 2015 ATMs, Other Value-Add services, etc.

The features of the Pension Payment Savings Bank Accounts for Government Pensioners are as follows:

Parameter Features
Name Pension Payment Savings Bank Account
Nature All Pension Accounts can be Single or Joint Bank Accounts. Pension is not permitted to be paid by cash. However, Standing Instructions may be accepted and chequebook may be issued.
Eligibility Identity to be established through Pension Payment Order (PPO) issued by the concerned Pension Paying Authority
Balance Requirement No Minimum Balance
Anywhere Banking Available at all centres
Cheque Books Free Multi-city At-Par Cheque Books
International Debit-cum-ATM Card (Visa Card) Joining Fee and Annual Fee applicable
Flexi {2-in-1} Encash Deposits
  • Available subject to terms and conditions
  • Auto Sweep and Reverse Sweep facility available
Internet Banking Online generation of Pension Payment slip
(New Feature !!)
Tele-banking Free, Available 24 hours at select centres
Mobile Banking Facility As made available to Savings Bank Accounts
Demat Account Account opening charges waived
Safe Deposit Lockers Preferential allotment

Fees and Charges

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Download Forms

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