Method of Pension calculation for Bank employees/Officers
Employees/Officers joining Banks on or after 01.04.2010 will be covered under the New Pension Scheme. Hence, they are not eligible for pension schemes under Bank [Employees’] Pension Regulations 1995. The Bank employees/Officers who have opted for pension schemes under Bank [Employees’] Pension Regulations 1995 are only eligible for the regulatory pension of a bank. A…