Retirees Association appears to have excellent & cordial relations with Bank Management. Retirees Associations have developed such relations by adopting policy of not litigating for cause of retirees, taking very mild stand for grievances of retirees etc. I request Retirees Association that by using these cordial relations with Bank Management, Retirees Association may put demand of Reverse Mortgage for Bank Retirees from their respective Bank, at concessional simple interest of 4%. Just like Banks offer housing loan at concessional rate to working staff as welfare measure, Banks may offer this Reverse Mortgage at concessional rate to their retired staff.
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