Bank has set right the anomaly by proportionately applying multiplication factor where pension was worked out on different pay scales. Earlier the basic pension was revised by applying one multiplication factor as given in circular dated 7th march 2019, although pension was calculated on two different pay scales. Date of retirement Basic Pension revised by…
The rates for reimbursement of various items of medical expenses incurred for indoor/ outdoor treatment for the in service employees have been updated by the Bank and are given in the letter dated 21st September, 19. These rates are applicable for treatment taken at 8 metro centers. As room charges and ICU/ ICCU charges are…
As the earlier cashless GMP policy under MAFS taken from Bajaj Allianz General Insurance Company Ltd. expired on August 14, 2019, the policy has now been placed with New India Assurance company Ltd. for a further period of one year (15-8-19 to 14-8-20) on the mutually agreed terms and conditions. As there is a change…
We are happy to inform that the Ministry of Finance by their letter dated 5th March 2019 have granted approval for updating pension to the pensioners in RBI with a notional increase of 10% in pension plus DA with wage agreements done in 2002, 2007 and 2012. This results in overall increase in basic pension […]
New Delhi office arranged a get together for the RBI retirees at Sarojini Nagar Grounds on 11th November,18 to facilitate submission of life certificate, noting of evidence regarding declared savings and for TPA/MAF issues. The unique event was organised on a massive scale for the first time at the initiative of RD New Delhi (Sh. E .E….
But it has been a continuing general grievance for the past several years that whenever a new insurer is introduced for reasons best known to bank, the ID cards are not dispatched within reasonable period . It is so because at the time of changing the insurer, the bank does not impose a condition that cards are issued within one month invariably. And if not , a penalty clause must have been included in the agreed terms and conditions..
As the earlier cashless GMP policy under MAFS taken from United India Insurance Company Ltd expired on August 14, 2018, the policy has now been renewed for a further period of one year (15-8-18 to 14-8-19) with Bajaj Allianz General Insurance co. Ltd. on the mutually agreed terms and conditions. As there is a change…
Bank has enhanced the quantum of Medical Assistance being paid to pre-January 1, 1986 retirees or their family members who are drawing family ex-gratia or ex-gratia relief as under: Class / Grade at the time of retirement /death while in service Medical Assistance Class IV Rs. 9050/- Class III RS.10,100/- Officer in Grade A,B,C Rs.11,700/-…
Delay of about four months in providing the data that is already available with offices and has since been transferred to Central office does not speak well of the functioning in the Bank. Die hard advocates of the bank who prefer to overlook inordinate delays in almost all matters pertaining to retirees and shower praises on the Bank for bringing the scheme on its own, must also consider that a suffering claimant’s account needs reimbursement that in many cases runs in thousands. Of what use the praise of the bank is to him?
We, therefore, request UFRBO&E and all other RBI retirees’ organisations that negotiate with the Bank regarding system improvements in medical facilities to retirees to take a note of the bank’s letter dated 13th April, 2018.
