A savings account specially created for those who want to receive their pension through AFPSLAI and/or for those who plan to avail of AFPSLAI Pension Loans.
010 Red Passbook (BFP Pension)
012 Red Passbook (PVAO Pension)
|Thru Walk-in Application||Thru E-Mail|
Q: Are co-depositors allowed in PVAO Pension Account (SD-012)?
A: No. This account is meant as a single account only.
Q: Are over-the-counter deposits allowed?
A: No, over-the-counter deposits are not allowed.
Q: How is the interest computed?
A: Earnings are computed based on average daily balance.
Q: What happens if the balance goes below the required maintaining balance of Php 100?
A: A monthly fee of Php 10 is charged for account with balance below Php 100.
Q: Does dormancy fee apply for this account?
A: Yes, monthly dormancy fee of Php 30 is applied for accounts with no withdrawal transactions within the last two (2) years.
Q: When is the release of PVAO pension?
A: Schedule of release of pension depends on the date of remittance by PVAO. But PVAO Pension is usually remitted on the 2nd week of the month.