- MOBILE HANDSET
- BRIEF CASE
- MOBILE BILL
- STAFF WELFARE MEASURES
- FESTIVAL ADVANCE
- HOUSING LOAN
- CAR LOAN
- TWO WHEELER LOAN
- CLEAN DPN
- HOUSE RENT
- MINIMUM HRA
- CLEANING EXPENSE
- CANTEEN SUBSIDY
- BUSINESS DEVELOPMENT
- MEDICAL AID
- FURNITURE ALLOWANCE
- HALTING ALLOWANCE
- DEPUTATION ALLOWANCE
- OFFICIATING ALLOWANCE
- BALANCE SHEET ALLOWANCE
- FACULTY ALLOWANCE
Supply of brief cases was due in 2013 to all the officers and CBOA have been demanding reimbursement of expenses for the purchase of the same instead of supply of brief cases.
Our demand has been accepted and an amount of Rs.1500/- for scale-1 officers and Rs.2000/- for scale 2 and 3 Managers was permitted by the Bank.
Ref: HO Circular 720/2016 dated 19.12.2016
On specific request of CBOA, our Bank has released a new benefit of reimbursing the mobile charges to all the Managers and above to the tune of ₹ 500 per month as a NEW YEAR GIFT.
Ref : HO Circular 762/2016 dated 31.12.2016
STAFF WELFARE MEASURES
Eligibility: All confirmed officers irrespective of the date of joining.
Maximum Limit: One month Gross Salary.
Repayment: To be paid in 10 months.
ROI : Nil
Ref: HO Cir: 392/2016
STAFF HOUSING LOAN
Eligible after 2 years of service
Eligible to buy 2 units
Limit = Rs 50.00 Lacs
ROI = 7% p.a. (Simple) (HO Cir 210/2017)
NTH = 25%
Repayment = 30 years
Land cost: 60% of limit
Both are eligible when husband and wife are our employees
Continuation of liability after retirement upto 75 years of age.
Ref: HO Cir: 270/2013, 59/2014, 561/2014, 230/2015, 151/2016
FOUR WHEELER LOAN – STAFF
Eligible after 6 months of service
Limit= Rs 10.00 Lacs
Repayment= 180 months
ROI= 7% p.a. (Simple) (HO Cir 210/2017)
NTH= 35% of Gross or Rs 10000 whichever is higher
Ref : HO Cir: 434/13, 571/14, 503/15, 8/2016, 142/2016, 46/2017
TWO WHEELER LOAN
Eligible immediately on joining the Bank
Limit = Rs 1,00,000
Repayment= 84 months
NTH = 25%
ROI= 7.00% p.a. upto Rs 40,000 (simple) (HO Cir 210/2017)
7.50% p.a. above Rs 40,000 upto one lac (Simple) (HO Cir 210/2017)
Two Wheeler loan to Probationary Officers : HO Cir : 434/2013, 72/2014
Ref: HO Cir: 503/2015, 8/2016
Eligible after 3 years of service
Maximum Limit = Rs 5.00 lacs or 15 months salary whichever is less
Eligible limit = 1.5 x Gross Salary x Number of years service
ROI= 8% p.a. (Compounded monthly) (HO Cir 210/2017)
Repayment= 10 years
Ref: HO Cir: 268/2009, 316/2009, 142/2016
Ref: HO Cir: 173/2011, 389/2012, 340/2015
Ref: HO Cir: 356/90, 211/2010, 342/2015
Ref: HO Cir: 201/2004, 96/2012
It is being reimbursed every month to the Officer employees residing in Bank owned quarters / Bank Leased quarters / Personal leased quarters
Scale 1 : Rs.300.00 pm
Scale 2 & 3 : Rs.400.00 pm
Ref: HO Cir 128/10, 560/2014
NEWSPAPER OR BUSINESS MAGAZINE
Reimbursement towards purchase News paper or Business Magazine.
Purchase of any one of the National / Regional / Local Daily/ Financial Newspaper.
Reimbursement is once in three months.
Limit = 90% cost of news paper
No bill / receipt is required.
All officers including Scale I Officers are permitted reimbursement of subscription paid to Business Magazines – Business India, Business world, India Today, Business Today – in lieu of Newspaper, subject to a maximum of Rs. 60/- per month.
Annual subscriptions paid to the above magazines subject to the limit of Rs. 720/- Per annum is also permitted.
Ref: HO Cir 1/2002 & 325/2011
Subsidy amount at the rate of Rs 75/- per month, per employee
Ref: H.O. Cir. 198/2001, 93/2007, 264/2012
BUSINESS DEVELOPMENT / ENTERTAINMENT EXPENSES
PROBATIONARY OFFICERS: (HO Cir: 478/2014)
CONFIRMED OFFICERS (HO Cir: 177/2008)
BRANCH – IN – CHARGE: (HO Cir: 589/2014)
MEDICAL AID ON DECLARATION
- Rs.8,000.00 per annum on declaration.
- Payable for the calendar year.
- It can be accumulated for three years.
Ref: HO Cir: 342/2015
Ref: HO Cir: 303/2013
An Officer on outstation duty is eligible for reimbursement of actual lodging expenses and all types of taxes incurred, against production of bills & vouchers for stay in hotels depending on his eligibility and grade
Ref: H.O. Cir. 68/2008 dt 17/3/2008.
An Officer on outstation duty, is eligible for Halting Allowance by way of daily allowance. The Halting Allowance payable to Officers in various grades / scales are as follows:
Ref: HO Cir: 211/2010, 342/2015
An officer deputed to serve outside bank : 7.75% of pay with maximum of Rs.2300.00 pm.
An officer deputed to an organization at the same place or to the training establishment of the bank : 4% of pay with a maximum of Rs.1200.00 pm
6% of the basic pay of the person officiating.
Permissible only if the person has officiated for 7 days in a month or 7 days continuously
BALANCE SHEET ALLOWANCE
Rs.250.00 for officers who are involved in balance sheet preperation.
Payable for September half year and March Annual Balance Sheet only.
Rs.1200 pm for RSTC faculty