JUDGMENT

P.V.BALAKRISHNAN,J

This intra-court appeal is filed by the petitioners in W.P.(C) No.24723/2021, challenging the judgment dated 11.11.2021, passed by the learned single judge, dismissing their writ petition.

2. The appellants/writ petitioners were employees of the former Kannur District Co-operative Bank, which is now known as Kerala State Co-operative Bank. Appellants 1 and 3 retired from service on 31.05.2019 and the 2^nd appellant retired on 31.01.2018. It is their case that Kannur District Co-operative Bank had joined the Employees Group Gratuity Pension Scheme introduced by the 3^rd respondent in order to ensure prompt and better gratuity to its employees on their retirement. For this purpose, the bank had subscribed to a master policy and had remitted the premium to the 3^rd respondent. The Scheme is a cash accumulation scheme, wherein the maximum amount of gratuity is not limited to 20 Lakhs, and the employee is entitled to gratuity as per the calculation based on the last drawn salary. At the time of retirement of the appellants, the 3^rd respondent paid a sum of Rs.27,66,162/-, Rs.21,92,050 and Rs.26,09,238/- respectively to the Bank for payment of gratuity, as per Ext.P