Guidelines on re-employment of Ex-servicemen in Public
Sector Banks/Financial services have been issued vide the Ministry of Finance,
Department of Economic Affairs (Banking Division) (Now Department of Financial
Services) OM No.261/16/89-SCT(B) dated the 30th May, 1990.
The OM prescribes the following maximum age limit for
recruitment of Ex-servicemen in the Public Sector Banks/Financial Institutions:
1. Security
Guard/Armed Guard 45 Years
2. Clerical
cadre 50 Years
3. Sub-staff
cadre other than Security Guard/Armed Guard 50
Years
4. Chief
Security Officer 55 Years
5. Security
Officers 40 Years
The Public Sector Banks do not have any Assured Career
Progression Scheme (ACP) similar to Government.
The above information was submitted as in the written reply
in Rajya Sabha on 12th Dcember 2013 by the Minister of Personnel, Public
Grievances and Pensions Shri V.Narayanasamy.
Source: PIB
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