Family Pension
Subject to approval by the Government, It is agreed that family pension shall be payable at the uniform rate of 30 percent of the Pay of the deceased employee and…
NEW PENSION SCHEME
Those who have joined/joining the Banks on and from 1-4-2010 will be governed by the New Defined Contributory Pension Scheme. AGE OF RETIREMENT :60 years Features of New Pension Scheme:…
PROVIDENT FUND
a) Employees who had joined the Banks prior to 1-4-2010 and opted to continue under Contributory PF would contribute 10% of their Pay every mnth with matching contribution from the…
PENSION
AGE OF RETIREMENT :60 years Those who joined the Banks before 1-4-2010 and had opted for pension scheme are covered by the pension Scheme in lieu of CPF. Basic pension…