Target Group


All Pensioners who are drawing pension through Bank of India Branches irrespective of age



Singly or in joint names only with spouse with operational instruction Either/Survivor or Former/Survivor

Average Quarterly Balance Criteria



Opening of Account/ Minimum Daily Balance


No Minimum Balance Requirement

Charges for Non-Maintaining Average Quarterly Balance


No Penalty for Non Maintaining AQB

Charges for excess debit entries in Savings Bank account ATM / INTERNET transactions not to be counted / reckoned

  • Up to 10 Customer induced debit entries a month :FREE
  • Beyond 10 debit entries : FREE
  • (It is charged for other customers)

Personalized Cheque books per calendar year


50 Leaves (Free)

Issuance of DD/Pay slips


6 DD/Pay slips per Quarter : FREE

Demat Account Annual Maintenance charge


Waiver of AMC Charges on Demat A/cs (for First Financial Year only)

Group Personal Accident Death Insurance cover


Group Personal Accident Death Insurance Cover of Rs.5 lakhs (Premium paid by Bank)

Note:Bank holds the right to withdraw the facility at its discretion in subsequent year.

Easy Overdraft Facility


The account holder may be provided overdraft facility for maximum amount equal to 2 month of the pension amount (net credit to SB a/c last month) in their SB Account upon fulfillment of terms and conditions stipulated by the Bank.

Special Privileges


Discounted Health Checkup through Partnerships. Above facility will be offered to all account holders and their family members under tie-up arrangement with service provider Jainam Wellness Limited (Plan My Health). The service provider Jainam Wellness Limited. is managing a network of 4500+ pathology lab/ test centers across India. The customer can avail the facility by seeking appointment through -

The approximate discount offered under the scheme will be up to 40% of the prevalent market rate. These rates may vary from lab to lab and city to city.

Please note that Customer must carry Passbook/Debit Card/Credit Card used at the time of booking and should be shown at the pathology lab/ test centers for identification purpose.

Nomination facility


Available as per the prevailing banking norms