














































Study with the several resources on Docsity
Earn points by helping other students or get them with a premium plan
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Various staff welfare schemes offered by a bank, including medical aid, health check-ups, reimbursement of expenses for business attire, cleansing materials, festival advances, canteen subsidies, bereavement leave, scholarship schemes, financial assistance for children with special needs, compensation for working on holidays, reimbursement of travel expenses, and various other benefits. The schemes are categorized by employee cadre and provide details on the eligibility, approval process, and monetary limits for each benefit.
Typology: Summaries
Uploaded on 04/20/2022
1 document
1 / 54
This page cannot be seen from the preview
Don't miss anything!















































1 | P a g e
2 | P a g e
4 | P a g e
INDEX
S No Scheme Page No 26 Silver Jubilee Award 36 27 Redressal of Sexual Harassment of Women 37 28 Immediate relief to family of deceased employee 40 29 Financial Aid to family of deceased employee 40 30 Compensation for employees killed in robberies etc 41 31 Ex-gratia to family of deceased employee 42 32 Engaging Part time Doctors 43 33 PNB Parivar Bhavishya Arogya Yojna & OBC Parivar Healthcare Scheme
34 IBA’s Group Medical Insurance Policy 45 35 Hospitalization scheme for retired employees 46 36 Residential SFF 46 37 Policy for Telephone/Mobile/ISP 48 38 Bank Vehicle for Senior Executives 49 39 Charges on Credit Cards 49 40 Reimbursement of Uniform cost 50 41 Service Charges for depository services 51 42 Compassionate appointment to family member of deceased employee
5 | P a g e
Officers – JMG & MMG @50% of Basic Pay of previous year’s December month
Rs. 8000/- Officers – SMG & TEG Rs. 9050/- Award Staff Rs. 2200/- --
Medical aid is reimbursed on the basis of declaration. This can be carry forwarded to the next 3 years. Thereafter, it will lapse.
Facility of Annual Health Checkup is provided to full time employees (including their spouse) of the Bank.
Eligibility
7 | P a g e
Other terms
S No Cadre of the employee Limit (per person per year) 1 All Staff members Rs. 350/- (inclusive of all taxes)
i) Reimbursement is provided on the basis of undertaking ii) Such purchase of stationary items is allowed only once in a calendar year
S No Cadre of the employee Limit (per month) Newspaper/Magazine 1 Scale VI & above Rs. 600/- Purchase of
2 Scale IV & V Rs. 450/-^ Newspaper/Magazine 3 Scale II & III Rs. 300/- 4 Scale I Rs. 200/- Purchase of Newspaper
5 Clerical Staff Rs. 175/- 6 Subordinate Staff (including PTS)
Rs. 150/-
i) Reimbursement is allowed on the basis of an undertaking submitted in HRMS. ii) Amount is reimbursed on quarterly basis
8 | P a g e
Entertainment expenses to Officers (Scale I & above)
S No Scale of the Officer Annual Expenditure Limit 1 MD & CEO Rs. 100000/- 2 Executive Directors Rs. 75000/- 3 Chief General Managers Rs. 50000/- 4 General Managers Rs. 37500/- 5 Dy. General Managers Rs. 19500/- 6 Assistant General Managers Rs. 12900/- 7 Scale – IV Rs. 12900/- 8 MMG – Scale III Rs. 12200/- 9 MMG – Scale II Rs. 11500/- 10 JMG Scale – I (service > 7 years) Rs. 10800/- 11 JMG Scale – I (service upto 7 years) Rs. 8600/-
i) Limits are for Financial Years ending 31 March every year ii) Limit is to be used for “Business Development Meetings” iii) In case of mid - year transfer, limits be adjusted proportionately
Entertainment Expenses to Workmen Employees
S No Cadre Monthly Expenditure Limit 1 Clerical Staff (including SA) Rs. 650/- 2 Subordinate Staff (including FTS) Rs. 650/- 3 Part Time Sweepers On Pro-rata basis
Expenses are reimbursed (undertaking basis) on half yearly basis, 50% in first half year and balance 50% in second half year of the Financial Year.
10 | P a g e
Miscellaneous Guidelines
i) Membership of club/association is linked to the place of posting and is primarily meant for development of bank's business. ii) Institutional memberships are to be encouraged /preferred. iii) Reimbursement of Entertainment expenses and Club membership are for a Financial Year. iv) An Officer on transfer can avail the balance of available limits for the year, i.e. limit available to him will also be transferred to the new office. v) An Officer who has been promoted or who has joined the Bank in the middle of the year would be entitled to pro-rata limits. vi) Officers due to retire during the year, are entitled to full extent for the year.
MD &CEO, ED, Chief General Manager, General Managers and Deputy General Managers will be reimbursed the cost of business suits including Stitching Expenses, if any, by the bank subject to a maximum limit on self declaration basis, as under:
S No Scale of the Officer Maximum Annual Limit 1 MD & CEO/ED Rs. 25000/- 2 Chief General Managers Rs. 15000/- 3 General Managers Rs. 10000/- 4 Dy. General Managers Rs. 10000/-
11 | P a g e
All staff members are allowed reimbursement of expenses of Cleansing material at their residence on a quarterly basis, on the basis of their undertaking in HRMS as under:
S No Cadre of the employee Amount (per quarter) 1 Officers in Scale VIII Rs. 2000/- 2 Officers in Scale VII Rs. 1500/- 3 Officers in Scale VI Rs. 1200/- 4 Officers upto Scale V Rs. 1000/- 5 Clerical Staff (including SA) Rs. 1000/- 6 Subordinate Staff Rs. 1000/-
Sanction of Interest Free Festival Advance to eligible employees would be granted as per the following limits:
Officers
S No Scale of the Officer Gross Salary of previous month (rounded off to completed “000) subject to maximum of 1 Officers in Scale I Rs. 35000/- 2 Officers in Scale II Rs. 50000/- 3 Officers in Scale III Rs. 60000/- 4 Officers in Scale IV & V Rs. 85000/- 5 Officers in Scale VI & VII Rs. 100000/- 6 Officers in Scale VIII Rs. 125000/-
13 | P a g e
Briefcase facility is allowed to all the confirmed officers of the Bank for use of official purpose, irrespective of the scale in which he/she joins the services of the Bank, and is reimbursed towards purchase of Briefcase/ Suitcase/Handbag/Travel Bag, upto the prescribed ceiling of cost as under, based on the undertaking given in HRMS:
S No Cadre of the employee
Ceiling (inclusive of taxes)
Period (reckoned from date of last purchase)
1 MD & CEO/ED Rs. 50000/- 2 Officers in Scale VIII Rs. 30000/-^ Once in a year 3 Officers in Scale VI & VII
Rs. 25000/-
4 Officers in Scale IV & V
Rs. 7000/- Once in 3 years 5 Officers in Scale II & III
Rs. 3500/-
6 Dy Manager/Branch Head in JMGS – I
Rs. 2500/-
Competent Authority
S No Scale Sanctioning Authority 1 Officers working in branches/divisions
Incumbent In charge/Divisional Head
2 Incumbent In Charges Controlling Authority 3 CGM/GM/Divisional Heads in HO
4 CGM/GM posted in field
AGM/CM of concerned office – In charge of establishment section
14 | P a g e
“Bereavement Leave” is a Special Leave for employees, where in case of demise of a close family member, he/she needs to be with the family in the hour of grief.
Salient features of Bereavement Leave are :
Family member (for purpose availment of leave) includes:
This scheme has been introduced for the benefit of women employees to meet their special problems faced during their career, viz. requirement of leave on medical grounds, care of family members or children, higher studies, visiting spouse etc.
Eligibility
16 | P a g e
Status of Liabilities
17 | P a g e
The Scholarship Scheme has been framed for providing financial assistance to talented children of employees as per details below:
Eligibility & Extent
S No
Scale/Cadre of employee
Course (recognized university/AICTE)
Amount Per Annum* 1 Subordinate Staff incl permanent part time employees)
Graduation/Post Graduation in any discipline of Arts, Science or Commerce.
Rs. 4000/-
2 Award/Officer Staff Graduation/Post Graduation in any technical stream
Rs. 7000/-
Sanctioning Authority S No Sanctioning Authority Employee 1 Circle Office/Zonal Audit Office/Zonal Office
Employees under their respective jurisdiction
2 HRMD, HO Employees working in HO Divisions
Salient Features of the Scheme:
19 | P a g e
Conveyance Allowance can be offered to Blind & Orthopedically Challenged and Deaf & Dumb employees having a minimum of 40% permanent partial disability of either upper or lower limbs or 50% of permanent partial disability of both upper and lower limbs together, as per the details below:
S No Eligibility Extent 1 40% partial disability of either upper or lower limbs OR 50% of partial disability of both upper & lower limbs together
5% of Basic Pay subject to Maximum Rs. 400/- per month
In case of award staff, the conveyance allowance is over and above the transport allowance payable under Bipartite Settlement.
This Conveyance Allowance will not be admissible if / where :
20 | P a g e
Special Casual Leave
Special Casual leave may be provided to PWD employees with prior approval of the competent authority, as under:
S No Special Casual Leave
Purpose Competent Authority 1 4 days in a calendar year
For specific requirements relating to their disabilities
Circle Head/Divisional Head 2 Additional 10 days leave in a calendar year
For exigencies/specific requirements relating to their disabilities
Unavailed Special Casual Leaves cannot be carried over.
Compensatory off is applicable for officers who are required to attend branch/office on Sundays and /or on Bank holidays, owing to exigencies of work.
For Officers working in offices other than CTS/ECS/RTGS/SWIFT or under RBI-Govt Directions, the compensation to be paid would be as under :
S No Scale Working Hours Compensation 1 Officers upto Scale III
Upto 4 hours Half Day Diem Allowance as per entitlement 2 Officers upto Scale III
More than 4 hours
Full Day Diem Allowance as per entitlement, OR One day compensatory Off to be availed within 30 days