Can a pensioner transfer his/ her pension account from one branch to another branch of the same bank or to the branch of another bank?

  • Pensioner can transfer his/ her pension account from one branch to another branch of the same bank within the same centre or at a different centre;
  • He/ She can transfer his/ her account from one authorized bank to another within the same centre (such transfers to be allowed only once in a year);
  • He/ She can also transfer his/ her account from one authorized bank to another authorized bank at different centre.