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Pension and retirement schemes

Compare and other retirement services by eligibility, contribution rules, investment choice, fees and exit conditions.

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Bharat ConnectBank of Baroda
Bill-payment service
Customers need a biller supported by Bharat Connect and a Bank of Baroda, other-bank or approved digital/agent payment channel. Billers must belong to an approved category and can use Bank of Baroda as an operating unit for collection.
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Bank of Baroda supports Bharat Connect through bob World, bob World Internet, Bank Mitra Kendra/Business Correspondent point, and bob e-pay for Bank and other-bank customers.
ImportBank of Baroda
Import bills under collection, import letters of credit at sight or usance, (Usance Payable at Sight) letters of credit and trade credit through standby letters of credit (SBLC).
  • The service is described for Indian importers and Indian buyers purchasing from overseas sellers. The page publishes no numeric turnover, income, credit-score, tenure or document threshold
  • facility approval and terms are not specified on this service page.
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Value awaiting review
  • Published import tariffs (exclusive of ): import sight commission 0.35% for the first quarter plus 0.15% per month thereafter
  • usance commission follows external-rating bands of 0.75% p.a. for AAA/A1+ or fully government-guaranteed, 1.00% for /A1, 1.25% for A/A2, 1.50% for BBB/A3 and 2.40% for BB-and-below/A4-and-below/unrated, with ₹2,000 minimum and an additional 0.40% p.a. when value exceeds ₹5 crore
  • 100% cash-security are charged at 25% of the card rate
  • amendments ₹1,000
  • deferred-import commission 0.25%, 0.18% or 0.10% per quarter by amount slab (up to ₹1 crore, above ₹1–5 crore, above ₹5 crore)
  • shipping guarantee ₹1,000 under an or 0.05% per month outside an (minimum ₹1,000)
  • import-bill crystallisation/retirement 0.125% with ₹1,000–₹25,000 limits where exchange benefit accrues or 0.25% with ₹1,000–₹30,000 limits without it
  • discrepancy charge USD 50, EUR 50, GBP 50 or JPY 5,000
  • non- import bill 0.15% with ₹1,000–₹25,000 limits where exchange benefit accrues and 0.30% with ₹1,000–₹50,000 limits without it
  • delivery order ₹1,000
  • advance import remittance 0.15% (₹500–₹10,000) with exchange benefit or 0.20% (₹1,000–₹15,000) without it
  • import/export set-off ₹2,000 per bill
  • overdue custody ₹500 per bill per quarter
  • BOE follow-up ₹1,000 after the 180-day/90-day deadlines
  • merchanting import ₹3,000 per bill
  • counter-signing/co-acceptance/availisation 0.085% per month subject to 0.25% minimum.
Value awaiting review
  • Import-bill collection is routed through more than 220 authorised-dealer branches in India and Bank of Baroda's worldwide correspondent network. may be opened in favour of Bank of Baroda overseas branches or other banks
  • trade credit is funded by overseas branches through an SBLC.
  • is a -regulated retirement Point-of-Presence service
  • Vatsalya is a -regulated saving-cum-pension scheme for minors
  • is a Government fixed-pension scheme administered through eligible savings accounts.
  • access is offered to subscribers using Bank of Maharashtra as Point of Presence
  • Vatsalya is for minor citizens up to age 18, with guardian operation and the minor as sole beneficiary
  • joining age is 18–40 for eligible savings-account holders and current taxpayer restrictions apply.
minimums are not printed on the Bank's current access page. Vatsalya requires ₹1,000 at opening and ₹1,000 per year thereafter with no maximum. contribution varies by joining age and selected fixed monthly pension of ₹1,000–₹5,000.
  • Vatsalya offers default -50, auto-choice -75/-50/-25 and active allocation up to 75% equity, 100% corporate debt/government securities and 5% alternate assets. provides fixed pension choices
  • access is market-linked under rules.
  • The reviewed Bank pages do not publish a Bank-specific registration or service-fee schedule
  • applicable /CRA/PoP charges must be confirmed before opening.
  • Vatsalya permits up to 25% of contributions after a three-year lock-in for education, specified illness or disability, up to three times
  • at age 18, corpus above ₹2.5 lakh uses 80% for annuity and 20% may be withdrawn, while ₹2.5 lakh or less may be withdrawn fully. pays the selected ₹1,000–₹5,000 monthly pension from age 60.
  • is available through online registration, online contribution and registration, with Bank of Maharashtra's Shivaji Nagar Point of Presence contact
  • Vatsalya links to the Bank's national portal
  • uses auto-debit from an eligible savings account and Bank grievance support.
  • is a -regulated retirement Point-of-Presence service
  • Vatsalya is a -regulated saving-cum-pension scheme for minors
  • is a Government fixed-pension scheme administered through eligible savings accounts.
  • access is offered to subscribers using Bank of Maharashtra as Point of Presence
  • Vatsalya is for minor citizens up to age 18, with guardian operation and the minor as sole beneficiary
  • joining age is 18–40 for eligible savings-account holders and current taxpayer restrictions apply.
minimums are not printed on the Bank's current access page. Vatsalya requires ₹1,000 at opening and ₹1,000 per year thereafter with no maximum. contribution varies by joining age and selected fixed monthly pension of ₹1,000–₹5,000.
  • Vatsalya offers default -50, auto-choice -75/-50/-25 and active allocation up to 75% equity, 100% corporate debt/government securities and 5% alternate assets. provides fixed pension choices
  • access is market-linked under rules.
  • The reviewed Bank pages do not publish a Bank-specific registration or service-fee schedule
  • applicable /CRA/PoP charges must be confirmed before opening.
  • Vatsalya permits up to 25% of contributions after a three-year lock-in for education, specified illness or disability, up to three times
  • at age 18, corpus above ₹2.5 lakh uses 80% for annuity and 20% may be withdrawn, while ₹2.5 lakh or less may be withdrawn fully. pays the selected ₹1,000–₹5,000 monthly pension from age 60.
  • is available through online registration, online contribution and registration, with Bank of Maharashtra's Shivaji Nagar Point of Presence contact
  • Vatsalya links to the Bank's national portal
  • uses auto-debit from an eligible savings account and Bank grievance support.
  • is a -regulated retirement Point-of-Presence service
  • Vatsalya is a -regulated saving-cum-pension scheme for minors
  • is a Government fixed-pension scheme administered through eligible savings accounts.
  • access is offered to subscribers using Bank of Maharashtra as Point of Presence
  • Vatsalya is for minor citizens up to age 18, with guardian operation and the minor as sole beneficiary
  • joining age is 18–40 for eligible savings-account holders and current taxpayer restrictions apply.
minimums are not printed on the Bank's current access page. Vatsalya requires ₹1,000 at opening and ₹1,000 per year thereafter with no maximum. contribution varies by joining age and selected fixed monthly pension of ₹1,000–₹5,000.
  • Vatsalya offers default -50, auto-choice -75/-50/-25 and active allocation up to 75% equity, 100% corporate debt/government securities and 5% alternate assets. provides fixed pension choices
  • access is market-linked under rules.
  • The reviewed Bank pages do not publish a Bank-specific registration or service-fee schedule
  • applicable /CRA/PoP charges must be confirmed before opening.
  • Vatsalya permits up to 25% of contributions after a three-year lock-in for education, specified illness or disability, up to three times
  • at age 18, corpus above ₹2.5 lakh uses 80% for annuity and 20% may be withdrawn, while ₹2.5 lakh or less may be withdrawn fully. pays the selected ₹1,000–₹5,000 monthly pension from age 60.
  • is available through online registration, online contribution and registration, with Bank of Maharashtra's Shivaji Nagar Point of Presence contact
  • Vatsalya links to the Bank's national portal
  • uses auto-debit from an eligible savings account and Bank grievance support.
-regulated defined-contribution National Pension System Point-of-Presence service
  • Indian citizens aged 18 to 70, including resident Indians and
  • existing coverage under another pension scheme does not exclude an individual
  • Tier I: ₹500 at opening, ₹500 per contribution and ₹1,000 total per year
  • Tier II: ₹1,000 at opening and ₹250 per contribution, with no annual minimum stated
  • Market-linked returns
  • choose a pension fund manager, change it once per financial year and change asset allocation four times per financial year
0.03% to 0.09%
  • At least 40% to an annuity and up to 60% as lump sum or staggered withdrawal through age 75
  • full withdrawal if corpus is ₹5 lakh or less
  • Open through , Online or an PoP- branch
  • subsequent contributions and monthly standing instructions are available online or through registered branches
SBI NPS VatsalyaState Bank of India
-regulated saving-cum-pension scheme for minors
  • All minor citizens below age 18
  • account opened in the minor's name, operated by a guardian and held solely for the minor beneficiary
  • Minimum ₹1,000 at opening and ₹1,000 per year thereafter
  • no published maximum
  • Default -50
  • auto choices -75, -50 or -25
  • active allocation up to 75% equity, 100% corporate debt, 100% government securities and 5% alternate assets
Value awaiting review
Up to 25% of contributions after three years for education, specified illness or disability, no more than three times
Nearest branch
life-insurance distribution gateway
with valid Indian passport, plus eligible or applicants including stated persons of Indian origin or spouses of Indian citizens
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Defined-contribution National Pension System Tier I account service for
  • page states that Indian citizens aged 18-70 may use the Tier I service and that Tier II is not available to .
  • returns are market-linked and not guaranteed
  • exit, annuity, fee, tax and eligibility rules should be confirmed under the latest and tax provisions.
  • The page was last updated 13 December 2024, and its linked is expressly resident-only
  • obtain the correct current form and document checklist from a registered branch for offline onboarding.
₹500
  • Choice of pension-fund manager
  • change the manager once per financial year and asset allocation four times per financial year
0.01%
Up to 25% of the subscriber's own contributions after a three-year lock-in, no more than three withdrawals over the tenure, subject to regulator conditions
Online through internet banking's Registration menu, or offline at a registered branch with the proper registration form, contribution slip and self-attested documents

Green marks the most favourable compatible published number or range in each column; incomparable units and overlapping range trade-offs remain neutral. It does not account for eligibility, service, exclusions or personal suitability.