Akiba Pension Account

PostBank Pension (Akiba) Account is open to Senior Citizens entitled to regular pension emoluments. Caters for both public service and private company retirees. Both self and dependent pension beneficiaries can receive their monthly pension benefits safely, easily and conveniently ensuring that their life plans continue seamlessly.

Account Opening Requirements

  • Copy of retirement letter/proof of retirement/letter from former employer
  • Valid identification document; National ID/Passport
  • Copy of KRA PIN Certificate
  • 2 Passport size photographs
  • Opening balance Kshs.0/-
  • Duly filled account opening & debit card application forms (SB11A & ATM1)

            **NB: Pension account is NOT open to joint applicants.

Bidii Pension Account Features

  • Any amount of cash is acceptable to validate the account
  • Minimum opening and operating balance: NIL
  • Visa (debit) card is issued and linked to a self-auto generated PIN instantly on opening account
  • A low processing fee for Government Pension – Kshs.120
  • Account remains active for a period of upto six (6) months without being locked; therefore does not require you to withdraw nor present yourself to the Bank every month
  • Change of pay-point advices are accepted at any Postbank branch countrywide
  • 3rd-Party withdrawal transactions are acted upon through a valid Power-of-Attorney
  • Availability of Soft Loans/Credit advances on request :- T & C apply

Bidii Pension Account Benefits

  • Instant Debit Card; initial Visa Debit (ATM) Card is issued free of charge
  • Affordable; no cash is required to open a pension account
  • Flexible; any amount is accepted to operate the account – no requirement for a minimum balance to be retained in the account
  • Convenient; able to receive salary from whichever location you are in and access the funds from anywhere.
  • Reactivation of a dormant account is free
  • No ledger fees or monthly maintenance charge; offers an opportunity for thrift savers to accumulate savings in the account at no extra cost
  • Paperless; transacting is easier and friendly across Postbank network
  • A competitive tax-free interest is payable on accumulated account balances of Kshs.10,000 or above annually
  • Guaranteed of prompt crediting of your pension every end-month without necessarily visiting your branch; payable within 30 calendar days following the last pay date
  • Enjoy quality banking services; offered with dignity, courtesy and respect by very knowledgeable and experienced staff dedicated to serving the vulnerable citizens in our society