Counting of Military Service Period of Short Service Commissioned Officer joining the Bank

11th Bipartite

Short Service Commissioned Officer are not drawing any pension for their

services rendered in Military. They are paid gratuity at the time of release from

Military. Such Officers when they join Central Government and Organisations like

RBI/ NABARD are given the option to remit the gratuity received by them to the

Employer Bank / Organisation at the time of joining so that the period of service

rendered in Military is counted towards eligibility of pension in Bank. However

this provision is not available to Short Service Commissioned Officers joining

Public Sector Banks.

Hence we demand that Short Service Commissioned Officers joining PSB may be

allowed to remit the gratuity received by them at the time of release from Military

so that their period of service in Military is counted towards eligibility period for

pension in PSBS. For existing Short Service Commissioned Officers who are

already in the service of the PSBs, may be given a one time option to return the

gratuity received at the time of release with simple interest @ 6 % from the date of

receipt of gratuity till date payment to the Bank for availing inclusion of Military

Service Period toward pension eligibility.

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