Competition heats up for retiree promotions! Which bank is offering how much?

The increase of the retiree holiday bonus to 4,000 TL has directed millions of retirees toward bank promotion campaigns. As a promotion race has begun between private and public banks, the highest payment has come from a public bank.

NEW PROMOTION PROTOCOL WITH SGK ON THE AGENDA

Despite expectations that a new promotion protocol would be signed between the SGK and banks in March, no official announcement has been made yet. However, experts point out that with the update of the protocol, retirees could receive higher cash promotions.

PROMOTION UP TO 27,000 TL FROM A PUBLIC BANK

Currently, banks offer retirees cash promotions ranging from 8,000 TL to 12,000 TL depending on their salary bracket. However, the notable development was a special campaign offered by a public bank until April 30, 2025.

In this campaign:

Up to 12,000 TL in cash promotion

Up to 15,000 TL in additional cash rewards

A total promotion payment reaching 27,000 TL can be made.

WILL PROMOTIONS INCREASE?

Social Security Consultant Emin Yılmaz stated that promotions are on an upward trend and used the following expressions:

“If a new protocol agreement is reached, this will provide a significant additional resource for low-income retirees. Specifically, an inflation difference of between 15-17 percent is expected in the first half of 2025. This could cause promotion figures to exceed 30,000 TL.”

WILL THE JULY RAISE BE REFLECTED IN PROMOTIONS?

The lowest retiree salary is expected to be between 16,000 TL and 17,000 TL in July. This increase could also directly affect the promotion amounts offered by banks. With current data, a 15 percent difference could raise promotion figures to 31,050 TL.

CAN RETIREES CHANGE BANKS?

For retirees to change their promotion, the 3-year protocol period signed with the current bank is important. However, retirees who wish to do so can change banks by using their right of withdrawal. This process can be easily carried out at the relevant bank branch or via e-Devlet.