My Dear Friends,

“PENSION UPDATION WILL HAVE ITS CONTAGIAN EFFECT ON PS BANKS”

(Govt’ Sowrn Affidivit  filed before the Court in RBI Retirees’ Updation case”)….

IBA REITERATED THE SAME  IN THEIR NOTORIOUS “MAGNACARTA”  - RECORD NOTE SAYING……

“…This being a funded scheme in lieu of contributory PF.As it is Banks are contributing several times the statutory PF contribution towards funding pension scheme every year.Hence providing for the periodical updation is not possible as this will have serious impact on the working of banks…..”

The Irony part of it is….. Not withstanding the above, Pension Updation has been resotred in RBI…. Recently  in NABARD EVEN…..

THIS GLARING DISCRIMINATION IS METED OUT AGAINST THE PSB RETIREES ONLY…….”THANKS TO UFBU……!!!!”

I annex here the communication of our learned friend SRI KATARI SATYANARAYANA  (Indian Bank Retiree)  for your information/ knowledge:

https://drive.google.com/file/d/1O1iZebXcbyj8rNTe7gTzOCIFZ7x8_Ma0/view?usp=sharing

The contents are self-explicit…..

With Greetings & Regards,

“|| यतो धर्मस्ततो जयः ||”IS THE ULTIMATE......

I remain - Yours,

దేవులపల్లి శ్రీనివాస మూర్తి /Devulapalli Srinivasa Murti.

OCT. 11, 2020 ::

VIJAYAWADA 521108