Coupled with the July pension hike, pension promotions fueled the rush among private banks. Therefore, the amount to be paid to retirees was 10 thousand TL.
EXTENDED TIME TO OCTOBER 31 ON THE BOARD PROMOTION. WHY WAS THE TEMPORAL EXTENSION DONE?
Tax specialist Muhammet Bayram, who released a statement to milliyet.com.tr on the matter, said: “Each bank will take their own deal. In fact, one bank has set a deadline of September 30 and another bank has set a deadline for September 30. October 31. There is actually a legal limit for the modification of this period, in fact there is not, generally pensioners and those who receive a salary can change it.
THIS IS WHY BANKS HAVE INCREASED THE SALARY PROMOTION
The duration of the salary promotion is at the discretion of the banks. There is a problem that the Central Bank announced yesterday, in the event that TL deposits are below foreign currency deposits, the Central Bank has made it mandatory to allocate 3% more required reserves to banks. Currently, the central bank has increased banks’ required reserves in order to curb dollarization and hijack both commercial enterprises and individuals from FX-protected deposits (KKM). This situation has led to banks’ appetite for extra TL deposits.
This is due to the increase in salary promotions of retirees and employees and the increase in salary promotion periods. Here, the banks are trying to find TL resources so as not to set aside the required reserves. For this reason, the banks have extended the promotional period for this.
DO THE PROMOTIONS INCREASE WITHIN 1 MONTH?
For example, the University of Anadolu had a promotion increase of up to 40 thousand lire. These promotion increases are tied to the salary amounts of the individuals. In fact, when people’s salaries increase, so does the promotion they receive. However, banks are expected to increase this wage promotion due to the increase in reserve requirements and high overnight interest rates. So the banks can make more raises.
IMPORTANT ADVICE TO THOSE WHO RECEIVE THE PROMOTIONAL FEE
However, if our citizens are going to make changes, they should make changes as soon as possible. It will be to their advantage not to leave it until the last day. For each transition period they will have to return the promotion received if their commitment to the old bank is still valid.
SOMEONE WHO MADE A NEW PROMOTIONAL AGREEMENT. CAN I REQUEST THE INCREASE BY CONTACTING THE BANK WHEN I LEARN THAT THE BANK HAS INCREASED PROMOTIONAL FEES?
There is a right of withdrawal in terms of consumption, which is a consumer contract. In this context, people receiving a salary promotion can apply for a raise by going to the bank. Finally, if the bank does not accept this increase, it can also cancel it and transfer it to another bank. There is no maximum limit for moving, the bank can be changed more than once a year.
“CLEAR AND CLEARLY DETERMINED”
Consumer Confederation President Aydın Ağaoğlu used the following statements in his speech: “The pensioner is not a prisoner of the bank he borrowed from. He has the right to transfer his salary to another bank whenever he wishes. . However, some banks may not use the retiree’s salary as collateral for the loan he gave, and they may not give the retiree promotion. Or they set a low amount. They do not allow him to transfer his salary to another bank. however the Supreme Court of Appeal of the General Civil Assembly made a clear decision on this issue and established a jurisprudence and clearly and unambiguously established that the pensioner’s pension cannot be seen as a guarantee because it is among the assets that are not foreclosed.
ARE THE PROMOTIONAL FEES INCREASE FURTHER?
Yes, I think it will increase even more. Some banks, which kept promotion fees low, saw retirees start losing their payroll accounts to other banks, so they had to increase the promotion amounts. We expect the fun race to continue to grow for these retirees. “