Title: Iranian Retirees Granted 10 Million Tomans in Interest-Free Shopping Credit
New Initiative Boosts Retirees’ Purchasing Power
In a move aimed at supporting retirees, the Iranian National Retirement Fund signed a landmark agreement to provide a 10-million-toman interest-free credit line for pensioners. The deal, signed during a consultative meeting in Tehran on August 9, 2025, was attended by Hojat Mirzaei, CEO of the National Retirement Fund, and Seyed Hamed Ghanadpour, CEO of Tara Platform.
The agreement allows retirees to access the credit for both in-store and online purchases at major retail chains, including Hypermarkets such as Daily Market, Haft, and Ofogh Koroush, with repayment automatically deducted from pensions after two months.
Key Benefits for Retirees
- No guarantor or collateral required
- Zero interest or processing fees
- Automatic two-month repayment
- Nationwide coverage of partnered stores
Streamlined Digital Access
Retirees can activate the service by:
- Registering their Refah Bank Card details.
- Enabling the Diamond Wallet and installing the Tara app.
- Using the allocated credit for seamless purchases.
Expanding Support for Pensioners
Mirzaei also announced progress on pension adjustments for retired civil servants and confirmed the finalization of agricultural retirees’ benefits, emphasizing the government’s commitment to retirees’ welfare.
This initiative, separate from prior agreements, focuses on easing financial pressures amid rising costs while advancing Iran’s digital welfare services. The Tara Platform aims to extend similar programs to other groups in the future, marking a step toward modernized, inclusive financial solutions.
— A strategic effort to enhance retirees’ livelihoods through innovation and accessibility.
