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Savings Account

Pension Savings Account

Enjoy stress-free banking post retirement, with an account specially designed for pensioners

SMS APENSION to 54646

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Debit Card

Visa Classic Debit Card at nominal fee of Rs. 200

Personal Accident Insurance Cover

Rs. 2,00,000

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If card is swiped once, every 6 months

ATM Withdrawal Limit

Rs. 40,000 daily

Axis eDGE Rewards

Earn reward points for completing transactions

Eligibility and Documentation

Ensure your eligibility

Individuals eligible for Pension Savings 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/Defense Unit
  • Employees of an establishment with a workforce strength of more than 20 (including contract employees) and who have opted to be members of the EPS 95 scheme
  • Existing members of 'Member of Employees' Family Pension Scheme

Keep your documents ready

Documents for Pension Savings Account

  • Two latest passport size photographs
  • Address and identity proof documents
  • For a full list of address and identity proof documents, click here

  • Only a single copy of the document is required if it is listed under both address and identity proof, e.g. Passport/aadhaar Card
  • If your mailing address and permanent address are different, provide address proof documents for both

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