This is a savings account which has been opened in the light of the problems faced by the pensioners in the light of the Supreme Court’s SUO Moto Notice (in 2007) and subsequent orders to provide pension through all branches of all licensed banks in Pakistan. BOP PLS Direct Pension Credit Account can be opened by any individual pensioner. The purpose of opening an account will be specifically referred to as AOF as “Pension Direct Credit”.
BOP PLS Direct Pension Credit Account Benefits
1. BOP PLS Direct Pension Credit Account provides the facility of no account maintaining charges
2. BOP PLS Direct Pension Credit Account provides the facility of free online banking
3. A copy of the pension book which mentions the amount of monthly pension and other details will be required along with other documents as will be required in case of individual accounts.
4. The Pensioner and Co-Compensation will compensate the bank for the total pension amount for six months (on stamp paper) or authorize the bank to deduct up to this amount from their account either by depositing cash or by refunding the monthly pension.
5. BOP PLS Direct Pension Credit Account provides the facility of free e-banking service to view account balance and statement of account is available.
6. BOP PLS Direct Pension Credit Account provides the facility of SMS Alert service is available subject to payment of annual charges as per bank’s schedule of charges.
7. BOP PLS Direct Pension Credit Account provides the facility of free of Cost Utility Bills Deposit service through BOP ATM Network, BOP Phone Banking and self-service IVR system is available.
BOP PLS Direct Pension Credit Account Eligibility and Required Documents
1. The account holder must be of Pakistani nationality.
2. The age limit of the account holder must be in the range of 55 and above.
3. The account holder must provide the valid copy of CNIC.
4. The account holder must provide the valid copy of salary slip/pay order.
5. The account holder must provide the valid documentation of income resources.
6. In case of non-Pakistani residence the account holder must provide the valid copy of Passport.
7. The account holder must provide the recent size photographs.
8. The account holder must provide the documentation proof of residence either electricity bill, water bill, tenancy agreement addressed in their name.
9. The account holder must provide documentation proof of income resources.
BOP PLS Direct Pension Credit Account Profit Rate
· The profit rate of the BOP PLS Direct Pension Credit Account is 5.50%.
· For example, if an individual deposits PKR. 100,000 in an account then it will be rewarded PKR. 5,500 after a month.
How to Apply for BOP PLS Direct Pension Credit Account
In order to apply for BOP PLS Direct Pension Credit Account, the interested customers should visit the nearest BOP branch and fulfill the application form along with the required documents and submit it with the branch manager.
Bank of Punjab Helpline Numbers
UAN: 111-200-100
Tel: (042) 35783700-10
Fax: (042) 35783713-35783975
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