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Features and Benefits Eligibility Fees & Charges FAQs Apply Now Eligibility The following are eligible to open a Pension Saving Bank Account: All employees of central government and civil ministries who are covered under the Central Government Civil Pension Scheme operated by Central Pension Accounting Office, Department of Expenditure and Ministry of Finance. All the employees of an establishment with a workforce strength of more than 20 (including contract employees) and who have opted to be members of the EPS 95 scheme. Existing members of "Member of Employees" Family Pension Scheme. Procedure & Operation A Pension Salary Account can only be opened in an individual's name. The account can be opened up to two months before the date of retirement. The details of your HDFC Bank Pension Salary Account will have to be furnished to your employer. After retirement, the RPFC/CPAO will forward the Pension Payment Order (PPO) to our designated office. You will then receive intimation to complete documentation at the designated branch. After the pensioner's portion of the PPO is handed over, the pension will start getting credited to your account every month. As per the finance (No 2) Act 2004, all fees & charges mentioned in the Tarriffs, Charges or Fees Brochures will attract Service Tax @10% & Education Cess @2% of the service tax amount effective 10th September 2004. The same will appear as separate debits in the statements.   Apply Now     Just fill the Online Application Form and our representative will get in touch     with you shortly.     Other Ways to apply : Call Us Visit our branch     *Conditions Apply E-mail this page Print this page Download a brochure Visit a Branch Call Us FAQs Apply Now What happens when my status changes from resident to non-resident? Which are the branches where I can open my Pension account? More... Need money to build your dream house? Learn more about our Loan Accounts. Long-term investment plans? Invest in Fixed Deposits.