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A Pension Salary Account can be opened either singly or jointly with spouse only. |
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The account can be opened up to two months before the date of retirement. |
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The details of your HDFC Bank Pension Salary Account will have to be furnished to your employer. |
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After retirement, the RPFC/CPAO will forward the Pension Payment Order (PPO) to our designated office. |
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You will then receive intimation to complete documentation at the designated branch. |
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After the pensioner's portion of the PPO is handed over, the pension will start getting credited to your account every month. |
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As per the Finance Bill 2009, all fees and charges mentioned above will attract Service Tax @ 10% and Education Cess @ 3% of the service tax amount effective 24th February 2009.
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