OREANDA-NEWS. February 10, 2010. Sviaz-Bank’s branch in Samara has entered into an agreement with the Samara Regional Office of the Russian Federation’s Pension Plan to deliver pensions and other cash benefits paid by the Russian Federation’s Pension Fund by crediting the benefits to individual accounts, including plastic card accounts, with the Bank, reported the press-centre of Sviaz-Bank.

The Samara branch will credit pensions and other social benefits to Pension Reserve accounts that may be opened with the branch and its mini-branches. Interest will be paid on the account balance at 4.25% per annum. Depositors will also be able to withdraw as much cash as they need without forfeiting the interest.

Pensions and other cash benefits may also be credited to time Pension Reserve accounts that may be increased and carry an interest of up to 13.8% per annum.

“Pensionable-age account holders can collect their pensions at any time that suits them at our branch’s office and mini-branches operating at post offices around Samara,” said Yevgeny Abibulayev, Manager of Sviaz-Bank’s Samara branch.

No commission will charged for cash withdrawals.