I joined in a bank at the age of 16 years bank said my retirement is at 42 years of service or at the age of 60 years is it correct
2 Answers from Attorneys
Dear Sir / Madam,
Normal retirement age in all nationalized and scheduled banks is on the employee attaining 60 years of age.
Retirement age in nationalized banks is 60 yrs but retirement benefits like gratuity etc. can vary .You will retire at the age of 60 yrs but will get retirement benefits of 42 yrs of service.
Related Questions & Answers
Is it risky to take loan from SBI for studying a course? How do i repay it? Asked 10/16/13, 10:49 am in India Banking Law
Whether agriculture land can be mortgaged in nationalized bank in orissa state? Asked 10/16/13, 7:50 am in India Banking Law
If any loan account is sub-standard in cibil for 6 months and later becomes standard... Asked 10/15/13, 9:49 am in India Banking Law
How to decalre a person untraceable? How to say a company is not in existence? Asked 10/15/13, 5:07 am in India Banking Law
Property bought by my grandpa,my father inherited it from him, my father is said to... Asked 10/12/13, 9:24 am in India Banking Law