Tuesday, August 24, 2010

Pesion Option - Medical examination for commutation

As per available information following banks have issued circulars for 2nd Pension option.
1.United Bank of India
2. Punjab National Bank
3. Indian Bank
4. Corporation Bank 
5. Oriental Bank of Commerce 
6. Bank of India

According to annexure  to the circular issued by Indian Bank , those retirees who want to commute the pension , are required to submit medical certificate after examination by a medical practitioner. For Bank of India also medical examination is compulsory in case of  commutation. In other banks' circulars there is no mention of medical examination.

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