I want to get the details regarding Voluntary Retirement Scheme of Bank of Baroda? If possible provide me the details in a pdf file?

Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara, Gujarat, India. It is the second-largest public sector bank in India. The bank was established on 20 July 1908.

Bank of Baroda (Employees') Pension Regulation, 1995

"Retirement" means cessation from Bank's service, -

(a) on attaining the age of superannuation specified in Service
Regulations or Settlements;

(b) on voluntary retirement in accordance with provisions contained in Regulation 29 of these regulations;

(c) on premature retirement by the Bank before attaining the age of
superannuation specified in Service Regulations or Settlements;

These regulations shall apply to employees who, -

(a) were in the service of the Bank on or after the 1st day of
January. 1986 but had retired before the 1st day of November,
1993; and

(b) exercise an option in writing within one hundred and twenty
days from the notified date to become member of the Fund'
and

(c) refund within sixty days after the expiry of the said period of
one hundred and twenty days specified in clause (b) the entire
amount of the Bank's contribution to the Provident Fund
including interest accrued thereon together with a further
simple interest at the rate of six per cent per annum on the
said amount from the date of settlement of the Provident Fund
account till the date of refund of the aforesaid amount to the
bank or till the 1st day of April, 1995 whichever is earlier; or

(2)

(a) have retired on or after the 1st day of November, 1993 but
before the notified date; and

(b) exercise an option in writing within one hundred and twenty
days from the notified date to become member of the Fund;
and

(c) refund within sixty days after the expiry of the said period of
one hundred and twenty days specified in clause (b) the entire
amount of the Bank's contribution to the Provident Fund and
interest accrued thereon together with a further simple interest
at the rate of six per cent per annum on the said amount from
the date of settlement of the Provident Fund account till the
date of the refund of the aforesaid amount to the Bank; or

(3)

(a) are in the service of the Bank before the notified date and
continue to be in the service of the Bank on or after the notified
date; and

(b) exercise an option in writing within one hundred and twenty
days from the notified date to become member of the Fund;
and

(c) authorise the trust of the Provident Fund of the Bank to transfer
the entire contribution of the Bank along with the interest
accrued thereon to the credit of the Fund constituted for the
purpose under Regulation 5; or

(4) join the service of the Bank on or after the notified date; or

For more details here is the attachment

Bank of Baroda (Employees') Pension Regulation, 1995

Attached Files

Bank of Baroda (Employees') Pension Regulation, 1995.pdf (245.7 KB, 161 views)