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What is the minimum balance required to be maintained in the pension account maintained with the banks?

April 26, 2017account Balance Banks maintained minimum Pension

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What is the minimum balance required to be maintained in the pension account maintained with the banks?

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RBI has not stipulated any minimum balance to be maintained in pension accounts by the pensioners. Individual banks have framed their own rules in this regard. However, some of the banks have also permitted zero balance in the pensioners’ accounts.