The staff of Tamilnad mercantile bank has demanded to increase the retirement age by 2 years. The bank employees has urged to All India Bank Employee Association to make the retirement age to 60 years.
At present the retirement age is fixed at 58 years. Tamilnad bank is having a huge network of 400 branches with 3,200-plus employees and officers working. All the commons rules and guidelines are applicable in bank similar to that of the other. The retirement age of the employees is 58 years here, whereas it is 60 in other banks.
The employees are not satisfied with this stating that RBI has relaxed the age of retirement up to 70 years for directors and CEO and 60 for normal employees, and they are getting relaxed up to 58 years only. They want to increase the age up to 60 years and they will hold a dharna and mass rally before the head office of TMB at Tuticorin on November 8.