Air India rolled out a voluntary retirement scheme (VRS) for the third time for its permanent employees since its privatization in 2022. This time, ahead of its merger with Vistara, VRS is open for its non-flying staff.

Interested employees can apply for VRS only after completing a certain number of years at work

Are issues like job stagnation, health problems, stress, and domestic reasons driving some people to opt for voluntary retirement?

The budget announcement comes after the government in January increased the interest rates for SCSS deposits from 7.6 per cent to 8 per cent.