IDBI Pension Plan

I recently opened an account in the IDBI bank and searching for the IDBI Pension Plan details. Will you provide complete IDBI Pension Plan details along with person who can join for this plan also tell IDBI Bank Pension Saving Account Features and Benefits?

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IDBI Bank was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry

IDBI Pension Plan details:

National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their working life.

NPS seeks to inculcate the habit of saving for retirement amongst the citizens

Who Can Join

A citizen of India including NRI (individual carrying valid Indian Passport can join NPS)
Age between 18 years and 60 years at the time of submission of application
Complied with KYC (Know Your Customers) norms

Contribution Requirement for NPS Accounts:

Particulars Tier I Tier II
Minimum Contribution required at the time of Account opening Rs. 500 Rs. 1000
Minimum Subsequent Contribution Amount required Rs. 500 Rs. 250
Minimum Contribution required per year Rs. 6000 Rs. 250
Minimum number of contribution required in a year 1 1

IDBI Bank Pension Saving Account Features and Benefits

Zero Balance Account
No charges for non maintenance of MAB
International ATM cum Debit card
Personalized multicity Cheque Book
Free five ATM transactions at other Bank ATMs at Non Metro Locations
Free amount transfer from Net Banking

Contact:

Registered Office:
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

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