New promotion opportunity for retirees! SGK and banks to sit at the table

Promotion agreements between the SGK and 19 banks are expected to be completed in March. Last year, promotions at public banks ranged from 8,000 TL to 12,000 TL, while they reached up to 21,000 TL at private banks.

Expectations for this year are as follows:

Retiree promotions at public banks will be between 12,000 TL and 18,000 TL.

At private banks, increases of up to 50 percent may occur.

This development could offer new opportunities for retirees looking to receive higher promotions.

WHO IS ELIGIBLE FOR RETIREE PROMOTIONS?

There are certain criteria for benefiting from retiree promotions. According to current practice:

Those who commit to receiving their pension from the same bank for three years can benefit from the promotion.

Banks may offer additional benefits such as interest-free loans and overdraft accounts along with the promotion payment.

For this reason, it is recommended that retirees carefully examine promotion agreements and choose the bank that offers the best deal.

WHAT CAN RETIREES WITH AN ONGOING PROMOTION AGREEMENT DO?

Retirees who currently have a promotion agreement can switch to a bank that pays a higher amount. However, they may be required to pay a cancellation fee in this case.

The following details are important:

Retirees whose 3-year promotion agreement has expired can change banks without paying any fees.

Retirees who wish to stay with their current bank can update their agreement based on the new promotion amounts.

During this process, it is recommended to make a decision by also taking into account the additional benefits and services offered by the banks.

HOW TO MAKE A RETIREE PROMOTION AGREEMENT?

Promotion agreements can be easily made through various bank channels. Application methods are as follows:

Applications can be made at bank branches.

Promotion requests can be created via internet and mobile banking.

Transactions can be carried out via ATMs.