Section 4 in Bank of Baroda (Employees') Pension Regulation, 1995
4. Option to subscribe to the Provident Fund.
(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 him;The option referred to in sub-regulation (1) and Regulation 3, once exercised, shall be final.
