(a) whether the Government is contemplating to introduction of any
Voluntary Retirement Scheme for the employees of nationalised banks
including State Bank of India and its subsidiary banks ;
(b) if so, the details thereof; and
(c) the time by which the new scheme is likely to be introduced?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)
(a)to(c) Under the existing Pension Rules/Regulations in the Nationalised Banks
and State Bank of India and its subsidiary banks, an employee who has completed
20 years of qualifying service can seek voluntary retirement from service, by giving
a notice to the appointing authority of not less than 3 months in writing. There is,
however, no proposal under consideration to introduce Special Voluntary
Retirement Scheme for the employees of the nationalized banks and State Bank of
India and its subsidiary banks.