Saving Account Details

Scheme For Providing Overdraft Facility To Pensioners

  • Eligibility
  • Exclusions
  • Amount of overdraft limit
  • Repayment
  • Overdraft Facility
  • Eligibility: Pensioners who are drawing their pension from our branches provided the conduct of the account is satisfactory.
  • ESI pensioners and pensioners who have availed the loan facility against pension under our personal loan to pensioners shall not be eligible for overdraft in the account under the scheme.
  • Overdraft to the extent of one month net pension i.e., last pension credited in the pensioners account after deductions of all other loan instalments.
  • The overdraft is to be regularized from the pension payable for the next month.
  • A limit equal to the net monthly pension payable to the pensioner is to be set up. The overdraft limit is to be renewed on yearly basis.