Tax Implication on Commuted Pension - PSU Banks (Like UBI, PNB, etc)

Commuted Pension: Commuted pension means lump sum amount taken by commuting the
whole or part of the pension. Its treatment is discussed below:
(a) Employees of the Central Government/local authorities/Statutory Corporation/
members of the Defence Services: Any commuted pension received is fully exempt
from tax.

Thanks for the answer Sir.
I would like to know about the PSU Bank Employee .. Are those covered under the above mentioned category ? Is commuted Pension exempt for the PSU Banks Employee ?
Please clarify me about this. I am confused about the PSU Banks .

No they are not covered. Stress on these words Employees of the Central Government/local authorities/Statutory Corporation/ members of the Defence Services: