Pension Savings Account - Secure your Retirement
Start your retirement journey with ICICI Bank’s Pension Savings Account. Enjoy doorstep banking, priority assistance, and seamless pension credit.
Life Certificate submission
Priority Service
Get Maximum Benefits
-
Investment ready 3-in-1 Account
-
Video-call based Life Certificate submission
-
Doorstep Banking Services
-
Priority assistance at call centre
-
Gemstone Credit Cards* to suit your lifestyle
-
Seamless Form 15H submission
-
Investment expert assistance in Portfolio Rebalancing
-
No minimum balance requirement
*Basis eligibility
Government Pension Schemes
-
Atal Pension Yojna
Financial security to people of the unorganised sector after retirement
-
Employee Provident Funds Scheme
Pension fund for the workforce engaged in the organized sector in India
-
Civil Pension Scheme
Invest In Pension Plans For Better Future
-
Defence Pension Scheme
Pension fund for the three wings of the armed forces
-
National Pension Scheme
Tax benefits, a monthly pension, and long-term returns
Investment Solutions Tailored for Pensioners
Things you’ll need to apply
Visit any ICICI Bank Branch to open a Pension Account.
Submit a retirement letter or document from the company as eligibility proof.
Documents required:
- One passport size photograph
- Identity proof and address proof (choose one):
- Passport
- Aadhaar Card
- Driving licence
- Voter ID
- NREGA Job Card
- Letter from the National Population Register
If the pensioner maintains an account with ICICI Bank and wishes to receive his/ her pension through the Bank, he/ she will have to provide the Bank Account details to the Pension Authority on or before the date of converting his/ her existing account into a Pension Account.
Eligibility For Pension Savings Account
Employees / pensioners of Civil, Defence, Railways and the organised sector.
Pension Nodal Officer:
Rebecca Panikker
Contact: +91 22-40088303
Pension Savings Account FAQ’s
What is a Savings Account for pensioners?
What is a Savings Account for pensioners?
A Savings Account for pensioners is a specialised ICICI Bank account designed to receive and manage post-retirement pension credits. It offers features like no minimum balance requirement, priority assistance, video-based life certificate submission, doorstep banking, and seamless pension credit facilities for eligible retirees.
Can I use my Savings Account for pensioners to make online transactions?
Can I use my Savings Account for pensioners to make online transactions?
Yes, your pensioners’ Savings Account supports online banking. You can make digital transactions such as UPI payments, NEFT, IMPS and other transfers using ICICI Bank Net Banking, the iMobile app, or linked debit card services.
What are the interest rates for a Savings Account for pensioners?
What are the interest rates for a Savings Account for pensioners?
The interest on a pensioners’ Savings Account at ICICI Bank follows the standard Savings Account rate applicable at the bank. ICICI Bank currently offers around 2.5% per annum on Savings Account balances, calculated daily and credited quarterly.
Can I submit my life certificate digitally?
Can I submit my life certificate digitally?
Yes, you can submit your Digital Life Certificate using the Jeevan Pramaan app or through a video call.
Can I link my existing ICICI Bank account for pension credit?
Can I link my existing ICICI Bank account for pension credit?
Yes, if you already have an ICICI Bank Savings Account, you can notify your Pension Disbursing Authority to credit your pension into it.
What is the minimum balance requirement for pension account?
What is the minimum balance requirement for pension account?
There is no minimum balance requirement for Pension Account.
To enhance your experience,
we use cookies.