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Do you know that you can do certain basic banking transactions from your home if
you are above 70 years? The bank will arrange to have cash or cheque picked from
your home against receipt. It will also deliver cash withdrawn from your account
or demand draft drawn on your account. Most importantly, you can submit your KYC
documents and Life Certificate to the bank sitting at your home. The bank may charge
you for the service, depending on their Board approved policy; however, banks have
also been asked to provide certain other facilities to senior citizens free of charge.
To know more about RBI instructions to banks on Banking Facility for Senior Citizens,
visit www.rbi.org.in/seniorcitizens
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