Dear Nirmal,
There are three answers to your query, which are sufficient to clarify your situation and options.
The purpose of my writing is different. I assume, you are not in Class IV ( Peon or Messenger)category. The question is , why should you decline a transfer ? You are with the bank for just one year and they have considered you for a promotion.By declining, you are creating a "negative" for yourself. You should know that in several professions, people are transferred every 2-4 years - from defense services to IAS / IPS / Construction Projects, banks, and so many other departments. And people move. It appears, you are young. You should be prepared to go anywhere. If your wife is also working, then you need to take a call, who will adjust. Moving to places enlightens you, broadens your thinking and adds to your experience. Don't create or imagine flimsy reasons for not going out of Pune. Come out of your comfort zone and take the challenge. Else, be satisfied with a below average career. I don't know, which location you are transferred to. But, suppose, you were transferred to the bank's London or Tokyo branch. Would you have declined on the same "personal" grounds? Most likely, no.If it is a rural posting, then also you should take it. Somebody has to serve the rural population too. If everyone declines, then who would go there ? If soldiers decline to go to Siachin or Kargil, what will happen ? I strongly suggest, accept the transfer and go happily with pride.E