Section 4: Option to subscribe to the Provident Fund

Indian Overseas Bank Officer Employees’ Pension Regulations, 1995Central Regulations · 1980

(1) Notwithstanding anything contained in sub-regulation (4) of regulation 3, an employee who joins the service of the Bank on or after the notified date at the age of thirty-five years or more, may, within a period of ninety days from the date of his appointment, elect, to forego his right to pension, whereupon these regulations shall not apply to him.

(2) The option referred to in sub-regulation (1) and regulation 3, once exercised, shall be final.

CHAPTER III - THE FUND

Where this provision sits

Act	Indian Overseas Bank Officer Employees’ Pension Regulations, 1995
Section	4
Marginal note	Option to subscribe to the Provident Fund
Jurisdiction	Central
Status	In force as published by the source

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