Thursday, August 12, 2010

IBA issues circular for implementation of pension option. Download the option form for serving and retired employees.

On 10th August, 2010, we have reported that the interim stay granted by Madras High Court has been vacated as the Writ Appeal of IBA has been accepted.
On the expected lines, IBA hurriedly, we mean  immediately (i.e. on 10th August, 2010 itself),  issued the necessary circular to the Banks for implementation of the second option of pension
Now we again expect that banks will also take action fast contemplating that some body else may not go for stay on some other grounds at some other High Court. 

By Courtsey : BEFI and All Banking Solution.
Special Gratitude : Mr Mohan P.

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