When Mr Ramesh Chand, who worked at the Bank of Maharashtra employee since March 1, 1985, died while working on February 12, 2006, he was survived by his wife Savitri Devi and a son. At that time, Chand was covered by the contributory provident fund regime and all the terminal benefit payments including PF and gratuity, which were paid by the bank to his wife on July 24, 2006. However, she did not qualify for a family pension, but at least her son worked in the same bank.
On April 27, 2010, the Bank of Maharashtra announced a one-time opportunity for a specific group of serving employees, retired employees and the families of deceased employees, to opt for the Pension Scheme, subject to prescribed terms and conditions.
