IBA to increase family pension to 30% of last salary drawn

The Central Government has approved to increase the family pension of bank employees to 30 per cent of last salary drawn.

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This move would make family pension go up to as much as 30,000 rupees to 35,000 rupees per family of bank employees.

This proposal was given by the Indian Banks’ Association’s proposal in order to provide relief to families of Bank Employess.