Section 31 in Reserve Bank of India Pension Regulations, 1990
31. Payment of pension to employees who retired between 1st January 1986 and 31st October 1990.
- Employees who have retired from the Bank's service on or after 1st January 1986 and before 1st November 1990 shall be eligible for pension from 1st November 1990, or after expiry of leave preparatory to retirement subject to Regulation 22. The payment of pension shall be subject to their refunding Bank's contribution to Provident Fund including interest received by them from the Bank, together with simple interest at the rate of six per cent per annum from the date of withdrawal till the date of repayment. Such employees will be permitted to commute their pension also with effect from 1st November 1990, after due medical examination.
