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EPFO Pension Account with State Bank of India, Senior Citizens may be allowed to keep zero balance

Complain ID : CCN025861   33  

Citizenship Complaint Complaint Date: April 8, 2017
Modified date: May 16, 2017
I am a senior citizen and have EPFO Pension Account with State Bank of India, in Mumbai. The State Bank of India has enhanced requirement of minimum balance from Rs. 1,000 to Rs. 5,000 from 01.04.2017. Actually, this is unjust. The EPFO pension amount is very small. Many pensioners receive as little as Rs. 600 as monthly pension. Hence, it is requested that the EPFO Pensioners and Senior Citizens may be allowed to keep zero balance, like other Banks.

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