Legal Question in Banking Law in India
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
Asked on 10/17/13, 1:28 am
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
17.10.2013
Dear Sir / Madam,
Normal retirement age in all nationalized and scheduled banks is on the employee attaining 60 years of age.
Regards,
Answered on 10/17/13, 8:35 am
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.
Answered on 10/17/13, 9:02 pm
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