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3/13/13 Association of Officers of UCO Bank

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Important Service Conditions for Officers.

Scales of Pay

Increments

Stagnation Increments

Fixed Personal Pay (w.e.f. 1.11.2007)

Professional Qualification Pay (PQP) (w.e.f. 1.11.2007)

Dearness Allowance

House Rent Allowance

City Compensatory Allowance

Hill and Fuel Allowance (w.e.f. 1.11.2007)

Deputation Allowance (w.e.f. 1.5.2010)

Officiating Allowance

Closing Allowance

Mid Academic Year Transfer Allowance

Split Duty Allowance:

Project Area Allowance

Medical Aid

Hospitalisation Expenses

Kinds of Leave:

Reimbursement of Expenses on Travel:

Lodging Expenses:

Reimbursement Expenses towards of personal baggage on transfer

Halting Allowance on Transfer

Compensation on Transfer (w.e.f. 1.5.2010)

Definition of Family:-

LFT/LTC

Encashment of Privilege Leave:

Joining Time

Conveyance Reimbursement Scheme

Voluntary Retirement:

Residential telephone facility for Officers

Newspaper facility for Officers

Entertainment Expenses Per Annum.

Preferential Interest rate on deposits

Recovery of House

Residential Accommodation for officers

Staff Welfare Schemes

Group Savings Linked Insurance Scheme

Conveyance Loan

Festival Loan (Interest Free)

Consumer Loan

Marriage Loan

Staff Housing Loan

OD Facility to the members

Pension (other than State Bank of India)

Provident Fund Loan

About AOUCB Members Social Program Gallery Service Conditions Help Desk Study Kit Download

Com.Madhup Chatterjee CO-Opted as President HO Region;Com. Madhab Sinha CO-Opted as Committee Member in HO Region;Com. D.N.Thakur appointed as Officer Employee Director on the Board of Directors of UCO Bank ; Com.Dipankar Mitra Co-Opted as General Secretary of AOUCB , West Bengal. Com. Manjusree Khastagir Co-Opted as Sr. Vice president of AOUCB - West Bengal. Com. Kalyan Dalapati Co-Opted as Vice-President of AOUCB-West Bengal.

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Provident Fund Loan

Gratuity Payable

Entertainment Expenses

Scales of Pay

Scale I - 14500 600 18700 700 20100 800 25700 7 2 7 Scale II - 19400 700 20100 800 28100 1 10 Scale III - 25700 800 29700 900 31500 5 2 Scale IV - 30600 900 34200 1000 36200 4 2 Scale V - 36200 1000 38200 1100 40400 2 2 Scale VI - 42000 1200 46800 4 Scale VII - 46800 1300 52000 4

Increments

Increments in the Scales of Pay will be sanctioned by Competent Authority on an annual basis.Officers in Scale-I and Scale-ll, one year after reaching the maximum in their respective Scalesshall be granted further increments including Stagnation Increment(s) in the next higher Scalesubject to their crossing the EB. Grant to such increments in the next higher Scale shall notamount to promotion. Officers even after receipt of such increments shall continue to getprivileges, perquisites, duties, responsibilities or posts of their substantive Scale-I or Scale-II, asthe case may be.

Stagnation Increments

a. Officers in JM Grade Scale I who have moved to scale of pay for MMG Scale II in terms of Regulation 5(b) after reaching maximum of the higher scale shall be eligible forfour stagnation increments for every three completed years of service of which first twoshall be Rs 800/- each and next two Rs 900/- each.

b. Officers in MMG Scale II who have moved to scale of pay for MMG Scale III in terms ofRegulation 5(b) after reaching maximum of higher scale shall be eligible for three stagnation increments of Rs 900/- each for every three completed years of service.

c. Officers in substantive MMG Scale III i.e. those who are recruited in or promoted to MMG Scale III shall be eligible for four stagnation increments of Rs 900/- each forevery three completed years of service.

Fixed Personal Pay (w.e.f. 1.11.2007)

Fixed Personal Pay together with House Rent Allowance shall be at the following rates and shallremain frozen for the entire period of service.

Increment ComponentRs

DA as on 01.11.2007Rs

Total F.P.P. payable where bank’saccommodation is provided Rs

(A) (B) (C)

800 58 858

900 65 965

1000 72 1072

1100 79 1179

1200 86 1286

1300 94 1394

Note:

i. F.P.P. as indicated in “C” above shall be payable to those officer employees who areprovided with bank’s accommodation.

ii. F.P.P. for officers eligible for House Rent Allowance shall be “A” + “B” plus House RentAllowance payable on the last increment of the relevant scale of pay.






iii. The increment component of F.P.P. shall rank for superannuation benefits.

Professional Qualification Pay (PQP) (w.e.f. 1.11.2007)

A. Officers shall be eligible for professional qualification pay as under:A. Those who have passed only CAIIB – Part I / JAIIB Rs 410/- p.m. one year after

reaching top of the scale.

B. Those who have passed both parts of CAIIB –

C. Rs 410/- p.m. one year after reaching top of the scale.

D. Rs 1030/- p.m. two years after reaching top of the scale.

B. An Officer employee acquiring JAIIB/CAIIB (either or both parts) qualifications afterreaching the maximum of the scale of pay, shall be granted from the date of acquiring such qualification the first installment of PQP and the release of subsequentinstallments of PQP shall be with reference to the date of release of first installment ofPQP.Provided further that in a case where an officer, as on the date of this Joint Note, hasalready acquired any of the above said qualifications and has not earned any increment orPQP on account of acquiring such qualification/s, he may be, with effect from 1st November 2007 or the date of acquiring such qualification/s, whichever is later,released PQP as provided herein above.

Dearness Allowance

On and from 1.11.2007, Dearness Allowance shall be payable for every rise or fall of fourpoints over 2836 points in the quarterly average of the All India Average Working Class ConsumerPrice Index (General) Base 1960=100 at 0.15% of Pay.

House Rent Allowance

i) Major “A” Class Cities and Project Area Centres in Group A 8.5% of Pay

ii) Other places in Area I and Project Area Centres in Group B 7.5% of Pay

iii) Other places 6.5% of Pay

Provided that if an officer produces a rent receipt, the House Rent Allowance payable to him/her shall be the actual rent paid by him/her for the residential accommodation in excessover 1.2% of Pay in the first stage of the Scale of Pay in which he/she is placed with a maximumof 150% of the House Rent Allowance payable as per aforesaid rates mentioned in Column IIabove.

Note:

The claims of officer employees for House Rent Allowance linked to the cost of their ownershipaccommodation shall also be restricted to 150% of House Rent Allowance as hitherto.

City Compensatory Allowance

Area

Rate

Maximum Amount

i) Places in Area 1 and in the State of Goa

4% of Basic Pay

Rs 540/- p.m.

ii)

Places with population of five lakhs and overand State Capitals and Chandigarh,Puducherry and Port Blair

3% of Basic Pay

Rs 375/- p.m.

Hill and Fuel Allowance (w.e.f. 1.11.2007)

Place Rate

a) Places with an altitude of 1000 metres andabove but less than 1500 metres and MercaraTown

2% of Pay subject to a maximumof Rs 550/-p.m.

b) Places with an altitude of 1500 metres and 2.5% of Pay subject to a



above but less than 3000 metres. maximum of Rs 680 p.m.

c) Places with an altitude of 3000 metres andabove.

5% of Pay subject to a maximumof Rs 1570/- p.m.

Deputation Allowance w.e.f. 01/05/2010

a. An officer deputed to serve outside the Bank is eligible for deputation allowance of 7.75%of Pay with a maximum of Rs 2300/-.

b. An Officer deputed to an Organization at the same place or to a training establishment ofBank is eligible for deputation allowance of 4% of Pay with a maximum of Rs 1200/-.

Officiating Allowance

1. In case of mismatch posting, after one year of re categorisation of the branch, officiatingwill be permitted only in number one position in terms of UCO Bank (Officers) ServiceRegulations, 1979

2. Officiating will also be allowed in number one position in the branch in the cases ofsanctioned leave availed in terms of UCO Bank (Officers) Service Regulations, 1979

3. No chain officiating will be permitted. (CHO/POS/13/2003 dated 06/10/2003) andCHO/POS/04/2004 dated 27/01/2004)

4. If an Officer officiates in the higher Scale for not less than 7 days in a calendar month,he/she shall receive an officiating allowance equal to 6% of his/ her Basic Pay, pro rata forthe period for which he/she officiates. Officiating allowance will rank for PF/Pension. Nomaximum limit for officiating allowance. (HO. Circular No. CHO/POS/04/2004 dt.27/01/2004).

Closing Allowance

An Officer employee if posted at a branch where books are closed on 31st March and 30thSeptember, a closing allowance of Rs . 250/- for each of the two closings.

Halting Allowance (w.e.f. 1.5.2010)

Grade / Scales of Officers

Major ‘A’ Class Cities Rs

Area I Rs

Other Places Rs

Officers in Scale IV & above 1000/- 800/- 700/-

Officers in Scale I/II/III 800/- 700/- 600/-

Provided that in the case of officers in Scale IV and above, halting allowance payable per diem while on outstation work at the four metros, viz. Delhi, Mumbai, Kolkata andChennai, shall be Rs 1200/- and for officers in Scale I/II/III Rs 1000/-. Mid Academic Year Transfer Allowance

On and from 1st May 2010, Mid Academic Year Transfer Allowance shall be payable at Rs 700/-p.m. subject to other conditions.

Split Duty Allowance

On and from 1st November 2007, Split Duty Allowance shall be payable at Rs 165/- p.m

Project Area Allowance

On and from 1st November 2007, Project Area Compensatory Allowance shall be payable at thefollowing rates :

a. Project Areas falling in Group A – Rs 290/- p.m.

b. Project Areas falling in Group B – Rs 255/- p.m

Medical Aid [w.e.f. 01-Nov-2007]

Officers in JMG & MMG Scales Rs. 5100/- p.a

Officers in SMG & TEG Scales Rs. 6320/- p.a

Hospitalisation Expenses



On and from 1st May 2010, reimbursement of hospitalization expenses under Regulation 24(1(b)(i) of Officers’ Service Regulations, 1979/1982, shall be in terms of theHospitalization Scheme laid down under Bipartite Settlement dated 27th April 2010 for workmenemployees, subject to following limits:-

Scale of Officer Limits

a) Junior ManagementGrade Scale I and MiddleManagement GradeScales II & III.

i) Bed Charges Self – Rs 700/- per day.Family – Rs 525/- per day.ii) Other charges – At the scale of 125% of the limits laid down under theHospitalization Scheme applicable to workmenemployees.

b) Senior ManagementGrade Scales IV & V and TopExecutive Grade Scales VI & VII.

i) Bed Charges Self – Rs 900/- per day.Family – Rs 675/- per day.ii) Other charges – At the scale of 150% of the limits laid down under theHospitalization Scheme applicable to workmenemployees.

Treatment for Eligibility for Scale I to III Eligibility for Scale IV and above

Coronary ByPassSurgery

Rs.200000/- Rs.2,40,000/-

Coronary Angioghraphy Rs.20625/- Rs.24750/-

Angioplasty/Stentoplasty Rs.100000 Rs.120000/-

Kidney Transplant Rs.225000 Rs.270000/-

Liver Transplant [not incases where damagedone by alcoholism]

Rs.275000/- Rs.330000/-

Sanction of advance and demand loan against hospitalization expenses to members of staff:-

Advances Demand Loan

(with commercial rate of interest)

Advances Demand Loan

Domiciallary Treatment:-

List of Domiciallary Diseases

Cancer Leukemia Thalassemia Tuberculosis Paralysis

Cardiac Ailment Pleuresy Leprosy Kidney Ailment Eplilepsy

Parkinson’sDisease

Psoriasis DiabatesHepatites B &C

Hemophila

PsychiatricDisorder

Hemophilia MyasteniagravisWilson’sDisease

Ulcerative Colities

Epidermolysisbullosa

Venosthrombosis

AplasticAnaemia

3rd DegreeBurn

Rheumatoidarthritis

Hypothyrodism Hyperthyrodism

Kinds of Leave:

Casual Leave: 12 days in a year - Maximum period of 4 working days at a time. CL cannot becombined with any other leave. Unavailed CL can be availed on sick grounds within three years.

Priviledge Leave: PL can be accumulated upto 240 days. PL. should not exceed 240 days atany particular point of time.

Sick Leave: 30 days Half-pay for each year for first 18 years of service, which can be availed onfull pay basis.



Additional-Sick Leave: Eligible for 30 days half-pay sick leave for the next 3 years aftercompleting 24 years service.

i.e.

on completing 25lh year: 30 days

on completing 26m year: 30 days

on completing 27th year: 30 days

This can be availed on full pay basis after exhausting the regular sick leave

Maternity leave: (w.e.f. 1.5.2010)

a. Maternity leave, which shall be on substantive pay, shall be granted to a female employeefor a period not exceeding 6 months on any one occasion and 12 months during the entireperiod of her service.

b. Within the overall period of 12 months, leave may also be granted in case ofmiscarriage/abortion/MTP.

c. Within the overall period of 12 months, leave may also be granted in case of hysterectomyupto a maximum of 45 days.

Reimbursement of Expenses on Travel:

Mode of Travel and Expenses on Travel (w.e.f. 1.5.2010):The following provisions shall apply wherever an officer is required to travel on duty:

a. An officer in Junior Management Grade is entitled to travel by 1st Class or AC 2-tierSleeper by train. He may, however, travel by air (economy class) if so permitted by theCompetent authority, having regard to the exigencies of business or public interest.

b. An officer in Middle Management Grade is entitled to travel by 1st Class or AC 2-tierSleeper by train. He may, however, travel by air (economy class) if the distance to betravelled is more than 1000 kms. He may, however, travel by air (economy class) even fora shorter distance if so permitted by the Competent Authority, having regard to theexigencies of business or public interest.

c. An officer in Senior Management or Top Executive Grade is entitled to travel by AC 1stClass by train or by air (economy class).

d. An officer in Senior Management or Top Executive Grade may travel by car betweenplaces not connected by air or rail provided that the distance does not exceed 500 km.However, when a major part of the distance between the two places can be covered by airor rail only the rest of the distance should normally be covered by car.

e. Any other officer may be authorised by the Competent Authority, having regard to theexigencies of business, to travel by his own vehicle or by taxi or by the Bank’s vehicle.

The remaining provisions as in Sub-regulations (2) & (3) of Regulation 41 of Officers’ ServiceRegulations shall remain unchanged.

Lodging Expenses

[Ref Circular No: - CHO/PMG/06/2011-12 dated 06.05.2011]

Officers GradesMajor A Class Cities Area -1 Other Places

TEGS-VI & VII 6800 3400 3000

SMGS-IV & V 4000 2400 2000

MMGS- II 2400 1600 1200

JMGS-I 1600 1200 800

Reimbursement at Mumbai, New Delhi, Kolkata, Chennai, Bangalore, Ahmedabad andHyderabad may be up to 125% of the above applicable ceilings of tariff for executives in Scale-IV to VII.

When an officer stays in a hotel:

1. When the Officer submits actual bills towards Boarding, he is eligible for an additional1/4th of halting allowance as out-of-pocket expenses apart from the Boarding expenses.

2. An Officer can claim Boarding expenses on declaration basis, but is not eligible for 1/4th



of halting allowance as out-of-pocket expenses.3. In the absence of bills or declaration, only 3/4th of the Boarding expenses is payable.

If the period of absence is less than 8 hours but more than 4 hours, halting allowance at the half-rate shall be payable.

Air Travel : Reporting time for departure of flight.

Train & Bus : Scheduled time of departure in other cases to the actual time of arrival. Asupplementary diem allowance of Rs 10/- per day of halt outside headquarters on inspection dutymay be paid to all Inspecting Officers

Reimbursement Expenses towards of personal baggage on transfer

REF[CHO/POS/05/2011-12 Dt. 23.05.2011] An officer on transfer is shifting his personal effects between the places by approved lorrytransport, even if the two places are connected by train, then reimbursement of expenses maybe made at the following rates subject to weight stipulation as in Regulation 42(2) of the OSR.

Distance in kms Rate per tone per km

Upto 1000 kms Rs 2.80

Beyond 1000 kms Rs 2.00

Note: The above rates will apply on a slab basis.

Transportation of baggage by goods train REF[CHO/POS/21/206-07 Dt. 05.01.2011]

Pay Range Rs Where Officer has family Where Officer has nofamily

1)14500 to 19400 p.m 3000 Kg 1500 Kg

2) 19400 p.m. & above Full Wagon 2500 Kg

Baggage may also be transported by truck up to 120 Qtls., if transported by IBA approvedtransport operator and 60 Qtls. if transported by other transport operators. However,reimbursement shall not exceed cost of transportation of maximum permissible quantity bygoods train.

Halting Allowance on Transfer

Circular No.CHO/POS/38/2006 Dt. 02.01.2006 paying of halting allowance on transfer w.e.f.01.04.2006.

Halting allowance should be paid to the officer on transfer who is eligible for bank's residentialaccommodation up to a maximum period of 15 days or till the time in accommodation is madeavailable to him whichever is earlier except when the officer.

i. Is given a house immediately on his reporting at new place of posting

ii. goes on transfer to his place of choice on request,

iii. owns a house at the new place of his posting.

iv. Further, if the officer avails joining time/leave within 15 days of reporting at the new place,he shall not be paid Halting allowance for the period for which he is on leave/joining time.

An Officer shall be entitled to per diem Boarding expenses at the rates set out under HaltingAllowance. Where lodging is provided at Bank's

cost or free of cost 3/4 th of Halting All.

Where Boarding is permitted at Bank's cost of free of cost 1/2 of Halting All.

Where Boarding & Lodging are provided at Bank's cost or free of cost 1/4th of Halting All.

Provided that in the case of an Officer claiming Boarding expenses on declaration basis withoutproduction of bills for actual expenses incurred, the Officer shall not be eligible for 1/4th of HaltingAllowance as out of pocket expenses.

Compensation on Transfer (w.e.f. 1.5.2010)



An officer on transfer will be eligible to draw a lump sum amount as indicated below for expensesconnected with packaging, local transportation, insuring the baggage etc.

Grade/Scale of Officer (Rs )

Officers in Scale IV and above 12,000/-

Officers in Scale I, II and III 9,000/-

Definition of Family

a. For the purpose of medical facilities and for the purpose of leave fare concession, theexpression ‘family’ of an officer shall mean an officer’s spouse, wholly dependentunmarried children (including step children and legally adopted children), physicallychallenged brother/sister with 40% or more disability, as also parents ordinarily residingwith and wholly dependent on the officer.

b. The term wholly dependent child/parent, wholly dependent physically challenged brother/sister shall mean such member of the family having a monthly income not exceeding Rs3500/- p.m. If the income of one of the parents exceeds Rs 3,500/- p.m. or the aggregateincome of both the parents exceeds Rs 3,500/- p.m., both the parents shall not beconsidered as wholly dependent on the officer.

LFT/LTC

During each block of 4 years, an officer shall be eligible for leave travel concession for travel tohis place of domicile once in each block of two years. Alternatively, he may travel in one block oftwo years to his place of domicile and in another block of two years to any place in India by theshortest route.

1. Alternatively, an officer, by exercising an option anytime during a 4 year block or two yearblock, as the case may be, surrender and encash his LTC (other than travel to place ofdomicile) upon which he shall be entitled to receive an amount equivalent to 75% of theeligible fare for the class of travel by train to which he is entitled up to a distance of 4500kms. (one way) for officers in JMG Scale I and MMG Scale II & III and 5500 kms (oneway) for officers in SMG Scale IV and above. An officer opting to encash his LTC shallprefer the claim for himself / herself and his / her family members only once during theblock / term in which such encashment is availed of. The facility of encashment of privilege leave while availing of Leave Fare Concession isalso available while encashing the facility of LTC.

2. The mode and class by which an officer may avail of Leave Travel Concession shall be thesame as the officer is normally entitled to travel on transfer and other terms andconditions subject to which the Leave Travel Concession may be availed of by an officer,shall be as decided by the Board from time-to-time. Provided that w.e.f.1st May 2010 anofficer in Junior Management Grade Scale I while availing LTC will be entitled to travel byair in the lowest fare economy class in which case the reimbursement will be the actualfare or the fare applicable to AC 1st Class fare by train for the distance traveled whicheveris less. The same rules shall apply when an officer in Middle Management Grade Scale IIand Middle Management Grade Scale III while availing LTC where the distance is lessthan 1000 kms.

Encashment of Privilege Leave:

[ref Circular no:- CHO/PMG/02/2002 DT:-10/01/2002]The Board has approved the facility of encashment of Privilege Leave to an Officer as well as to aworkman employee resigning from Bank's service on or after 01/ 04/2001 to the extent of half ofsuch leave at his credit subject to a maximum of 120 days. Once in every 4 years at the time ofavailing LTC. Maximum one month can be encashed. Accumulated PL upto a maximum of 240days may be encashed at the time of retirement.

Joining Time

Seven days exclusive of journey time is permissible to Officers for joining at the new place ofposting. The joining time can be availed in two stages also with the prior permission of theappropriate authority. Unless specifically instructed not to avail joining time, the Officer issupposed to avail joining time at the time of transfer. Joining time cannot be prefixed to anyleave. Joining time is to be availed within 6 months or on relief from the branch/office or within 3months of the end of academic session of child whichever is later. An Officer on his transfer fromone place to another station shall be eligible to claim Halting Allowance for the period spent onjourney and in exceptional circumstances, he/she may be allowed HA subject to a maximum



period of 15 days for stay at the new station. Such HA shall be paid from the date and time theOfficer arrives at the new place of posting but not during leave or joining time availed during thisperiod. The Officer shall not be entitled to payment of House Rent Allowance during the period forwhich he is being paid Halting Allowance.

Conveyance Reimbursement Scheme

Scheme A: (for Officers not owning vehicles)

Eligible Categories officers Monthly Ceiling

a. All officers in MMG scale - III Rs 800/-

b. All officers in MMG scale - II Rs 500/-

c. Officers in JMG -I Rs 400/-

Scheme B: (for Officers owning vehicles) (in Litres)

For use of Cars Metro Area-I Area-ll Area-Ill

Officers in Scale-III & above 63 58 52 40

Officers in I & II 46 40 35 35

For use of twoWheelers

Metro Area-I Area-I I Area-Ill

Other than Moped 29 23 17 17

Mopeds 17 14 12 12

Monthly Monetary Ceiling basis for officers owning Vehicles under Scheme ‘B’

Category ofOfficers

Area of Operation

For use of 4wheelers

For use of 2wheelers

For use ofmopeds

All officers inScale – III and

above

Metropolitan 1330/- 1000/- 470/-

Area-I 1060/- 930/- 420/-

Area-II 1000/- 730/- 370/-

Area-III 800/- 730/- 370/-

All officers inScale – II andI

Metropolitan 1000/- 800/- 440/-

Area-I 700/- 500/- 260/-

Area-II 600/- 400/- 250/-

Area-III 500/- 400/- 250/-

Entertaiment Expenses:-

Scale of OfficerRevised Annual ceiling after merger ofmonthly Business Dev. Expenses. (per

annum)

1 2

Scale-VII 24000.00

Scale-VI- as Branch Head(BH)/ ZonalHead(ZH)

20000.00

Scale-VI- other than BH/ZH 12000.00

Scale-V- as Branch Head(BH)/ ZonalHead(ZH)

15000.00

Scale-V-other than BH/ZH 7500.00

Scale-IV- as Branch Head 12000.00

Scale-IV- other than BH 6000.00

Scale-III as Branch Head 8000.00



Scale-III other than BH 4000.00

Scale-II as Branch Head 6000.00

Scale-II other than BH 3000.00

Scale-I as Branch Head 5000.00

Scale-I-other than BH 2500.00

Conveyance allowance to Blind & Orthopedically handicapped employees: 5% of Basic pay subject to a maximum of Rs 400/- p.m. (w.e.f. 31st March,2009).

Voluntary Retirement:

Officers seeking retirement under Voluntary Retirement

a. Should have completed minimum 20 years of service in the Bank, or has attained the ageof 50 years

b. Three months notice period is required

c. Shall give an undertaking not to take up any employment for a minimum period of 2 yearsfrom the date of such retirement without prior consent of the Bank.Officers deciding to seek voluntary retirement may apply for leave including LTC during thethree months notice period which may be sanctioned of refused by Competent Authoritydepending on the exigencies of the bank.

Residential telephone facility for Officers

Category of Officers Monthly Ceiling

Branch Heads in Scale III Reimbursement of Rs 438/- p.m on fixed line orMobile inclusive of STD/Roaming facility.

Other Scale III officers Reimbursement of Rs 375/- p.m on fixed line orMobile inclusive of STD/Roaming facility.

Branch Heads in Scale II Reimbursement of Rs 313/- p.m on fixed line orMobile inclusive of STD/Roaming facility.

Branch Heads in Scale I Reimbursement of Rs 313/- p.m on fixed line orMobile inclusive of STD/Roaming facility.

LDMs LDMs in Scale III and II will be entitled toreimbursement of 438/- or 313/- p.m. (with 25%increase)on fixed line or Mobile inclusive ofSTD/Roaming facility

Newspaper facility for Officers

Category of Officers Monthly Ceiling

Branch Heads in Scale III,II,I Reimbursement of cost of 2 Newspapers andone Business Magazine within overallmonetary ceiling of Rs 180/-.

Other Scale III officers Reimbursement of cost of 2 Newspapers andone Business Magazine within overallmonetary ceiling of Rs 180/-.

Other Scale II & I officers Reimbursement of cost of 1 Newspapers andone Business Magazine within overallmonetary ceiling of Rs 130/-.

Entertainment Expenses Per Annum.

Officer CadreCeiling

Scale VI & VII Rs 7500/-

Scale IV & V Rs 3000/-

Scale III [Branch Head] Rs 2500/-



Scale II [Branch Head] Rs 2000/-

Scale I[Branch Head] Rs 1800/-

Preferential Interest rate on deposits

The Bank may allow 1 % additional rate of interest over its ruling rate of interest of FixedDeposits, Savings Bank deposits and Recurring Deposits in the name of the Officer, individuallyof jointly with any member of his family.

Recovery of House/Furniture Rent

i) House Rent recovery shall be @1.20% of the first stage of the scale of pay in which the officeris placed or the standard rent for the accommodation, whichever is less.

ii) Furniture rent recovery shall be @0.25% of the first stage of the scale of pay in which theofficer is placed.

Scale 1st stage

Recovery for thehouseaccommodation

Recovery for thefurniture if taken onBank’s lease

Recovery where both houseaccommodation and furnitureare provided

I 14500.00 174.00 36.25 210.25

II 19400.00 232.80 48.50 281.30

III 25700.00 308.40 64.25 372.65

Standard Rent in respect of accommodation owned/hired by the Bank:-

S.No Scale Range of living area in sq.ft Standard Rent

1 I 600 241.00

2 II 700 279.00

3 III 800 279.00

4 IV 1000 520.00

Furniture provided at Bank’s Residential accommodation:-

Residential Accommodation for officers:-

Scales/Grades Sq.ft.

1 Scale-I 600

2 Scale-II 700

3 Scale-III 800

4 Scale-IV 1000

5 Scale-V 1200

6 Scale-VI/VII 1500 or to be allotted Executive Flats in staff Quarters

In metropolitan and other areas, if residential accommodation of the above sizes is not availablewithin the prescribed monetary ceilings for rent, accommodation of smaller size(s) may be takenwithin those ceilings. Base Rate per sq.ft for acquisition of residential accommodation by bank:-

(Base: All India Working Class consumer price Index for December, 1980)

Major ‘A’ class cities ‘A’ class cities Area-II Area – III

`1.30 `1.15 `1.00 `0.90

The rate per sq.ft will be increased or decreased by the following amount for every rise or fall ofblock of 48 points in All India Average Working Class Consumer Index over the Base Period,December 1980.



Major ‘A’ class cities ‘A’ class cities Area-II Area – III

`0.10 `0.08 `0.06 `0.04

The increase in 15% in the Lease Rental ceiling for residential accommodation is applicable toall centers.

However, no enhancement shall be permitted for any quarter during the tenancy of the leaseperiod. The above rates will not apply where residential accommodation is taken with and isattached to the office premises.

The General Manager(GA)/Executive Director/Chairman & Managing Director may , in theirabsolute discretion allow residential accommodation to be taken on a rent exceeding upto15%,20% and 30% respectively.

Staff Welfare Schemes

a. UCO Diamond Jubilee Prize Scheme [REF CIR:-CHO/PMG/17/2002 dated 12-07-2002]

a. Object: - Prizes in recognition of merits to in 12th standard Exam and DegreeExam.

b. Target Group :- The children of permanent members of staff (clerks and officers)

c. Amount of Prize :- Rs 5000/-

d. No. of Prizes: - Total of 20 Prizes.

i. 5 each to the wards of clerks & officers

ii. 5 each for Degree Exam

b. Funeral Expenses:-[REF CIR:-CHO/PMG/08/2004 dt. 17-02-2004 and CHO/PMG/15/2008-09 dt. 10-09-2008]

a. Object: - Assistance on account of funeral expenses to the family of any employeewho dies while service in Bank.

b. Amount of Assistance :- Rs 20000/-

c. Further Reimbursement of Hospitalization Bills:-

Scheme A

a. Objective:-Assistance by way of reimbursement against uncovered hospitalizationbills(after reimbursement under banks hospitalization scheme) in connection, withHeart Surgery, Kidney transplantation, treatment of cancer/brain tumour, knee/Hipjoint replacement and major surgery arising out of any accidental injury.

b. Target Group:- All staff members and their spouse

c. Quantum of Assistance:

i. Rs 3.00 lacs towards expenses on transplantation for self

ii. Rs 2.00 lacs towards cost of implanted items for self.(Upper cap ofreimbursement being Rs 3.00lacs if claimed for both the above facilities at atime)

Scheme B

a. Objective:-Reimbursement towards expenses on transplantation of organs and costof implanted items.

b. Target Group: - All staff members.


i. Rs 3.00 lacs towards expenses on transplantation for self

ii. Rs 2.00 lacs towards cost of implanted items for self.(Upper cap ofreimbursement being Rs 3.00lacs if claimed for both the above facilities at atime)

Scheme C

a. Objective:- Financial Assistance upto 3 months to employees who are compelledto be on loss of pay during treatment of major illness.



b. Target Group: - Employees who are compelled to be on loss of pay duringtreatment of major illness.

c. Quantum of Assistance :Rs 1500/- p.m. up to three months to the employee who ison loss of pay during treatment or major illness.

d. Health Check Up scheme for employees [ref cir:-CHO/PMG/34/2006 dt:-02/01/2006 and CHO/PMG/24/2009-10 dt:-24/11/2009]

a. Objective:-Assistance by way of reimbursement of expenses on account of HealthCheck Up once in two years.

b. Target Group: - All staff members and their spouse in the age of group of 40 yearsand above.


i. Rs 1500/- once in two years for self

ii. Rs 1000/- once in two years for spouse

e. Educational assistance to school/college going dependent son/daughter of thedeceased employees[ref cir:-CHO/PMG/34/2006 dt:-02/01/2006]

a. Objective:-Educational Assistance to any school/college going dependentson/daughter of the deceased employee for the first two years where nocompassionate appointment is considered by the bank.

b. Quantum of Assistance:

i. Rs 5000/- per year.

f. Financial relief to physically - challenged/mentally retarded children ofemployees[ref cir:-CHO/PMG/17/2006-07 dt:-11/11/2006]

a. Objective:-Financial relief to physically challenged and mentally retarded children ofemployees towards school fee for education in special institution and for treatmentin rehabilitation schools up to the age of 21 years.

b. Quantum of Assistance:

i. Rs 3000/- (max.)p.a for a physically challenged child

ii. Rs 5000/- (max.)p.a for a mentally retarded child

iii. Rs 2500/- (one time) for purchase of certain artificial aid/accessories such ascaliper shoes/Crutches/Wheel chair/Artificial leg/Special hearing aid.

g. Scheme of Reimbursement of spectacles to employees

a. Objective:-Financial Assistance for eye check up including procuring spectacles.

b. Target Group: - All staff members in the age group of 40 years and above.

c. Quantum of Assistance: Rs 1000/-(max) once.

h. Group Mediclaim Insurance with Group Personal Accident Insurance:-[ref cir:-CHO/PMG/20/2008-09 dt:-01/11/2008]

a. Objective: - Group Mediclaim Insurance with Group Personal Accident Insurance.

b. Target Group: - All staff members with their dependent family members. However,GPA is applicable only to the members of staff.

c. Coverage:

i. Group Mediclaim Insurance – Rs 1.50 lakh beyond the permissible limit underbank’s hospitalization scheme.

ii. Group Personal Accident Insurance – Rs 3.00 lakh

d. Premium: - Total premium to be paid from staff welfare fund.

i. Group Mediclaim Insurance for retired employees:-[ref cir:-CHO/PMG/02/2010-11 dt:-13/04/2010]

a. Objective: - Group Mediclaim Insurance for retired employees with their spouse.

b. Target Group: - All retired employees.

c. Coverage: Rs 1.00 lakh.



Officers In Scale IV & above Rs 4,00 lacs+ Savings Part

Officers upto Scale III Rs 3.00 lacs+ Savings Part

Officers In Scale IV & aboveRs 4,00 lacs[normal death]

Officers upto Scale III Rs 3.00 lacs[normal death]

LimitRate of Interest

Up to Rs 15000/- 7.5% simple

Above Rs 15000/- 12.00%

Repayment: 84 months (70 + 14)

Limit Rate of Interest

Up to Rs 80000/- 8.5% simple

Above Rs 80000/- 12.00%

Repayment: 200 months (120 + 80)

d. Premium:-

i. 50% of the premium to be paid from staff welfare fund.

ii. 50% of the premium to be borne by the retiree.

j. Scheme of Reimbursement towards expenses on refreshment[ref cir:-CHO/PMG/23/2010-11 dt:-28/09/2010]

a. Objective: - Reimbursement towards expenses on refreshment on occasion ofBank’s foundation day (6th January)or thereafter, within the financial year.

b. Target Group: - All staff members.

c. Quantum of Assistance:- Rs 1000/-(max.) per year

Group Savings Linked Insurance Scheme

Insurance Cover (Sum Assured)

A Employees:-

Savings Part=63% of Self Premium

B)Spouse:-

The Ceiling will be double the sum assured in case of accidental death of Employees.

Conveyance Loan

(For Two Wheeler)

Eligibility: All Confirmed Officers 90% of cost of vehicle subject to maximum of Rs 60000/-.

(For Four Wheeler)Eligibility: All Confirmed Officers 80% of cost of vehiclesubject to maximum of Rs 3.50 Lakhs

Second Car Loan facility available Loan for repairs to Motor CarMaximum Rs 10000/- once in every five years for the purpose of carrying out the repairsto the vehicle owned by the Officer.

Festival Loan (Interest Free)One month’s Basic Pay - Maximum of Rs 25,000/-.

CONSUMER LOAN



Limit

OLD SCHEMENEW SCHEME

Minimum 2 years of confirmed service Minimum 3 years of confirmed service

90% of the cost of items 90% of the cost of items

Maximum Rs 10000/- Maximum Rs 15000/-

Repayment 48 months Repayment 60 months

Rate of Interest:10%

Marriage Loan

a. Permanent Employee with Minimum 2 years continuous service.

b. Quantum: 5 times of Gross Salary last drawn, subject to maximum of Rs 50,000.

c. Rate of Interest: Base Rate + 1% (Compounding).

d. Repayment Period : 60 Equal Monthly Installments

e. Restriction: A member of Staff availing Overdraft facility will ‘NOT’ be eligible for this Loan

Staff Housing Loan

[Ref: - CHO/PMG/39/2010-11 dated: 10.01.2011]

a. Eligibility: Any permanent officer of the bank

b. Purpose: Purchase of Land/House/Flat and Construction of House

c. Quantum: 90% of the total cost or 20 lakh whichever is less

d. Interest Rate

a. For sanction limit upto Rs 1.10 lakh – @ 5% (simple), p.a.

b. For above Rs 1.10 lakh – @ Base rate (simple), p.a.

e. Additional loan for the purpose of extension /renovation /repair of the house / flatalready owned

a. Quantum :90% of the total cost or 4.00 lakh whichever is less

b. This additional loan will be available within overall revised housing loan limit, onlyafter seven years of occupation of the house/flat created out of the staff housingloan if such loan for repair/renovation/extension has not been availed by theemployee under any scheme during the past seven years.

f. Supplementary Housing Loan & UCO Shelter Loan availed by the staff membersearlier

a. The outstanding Supplementary Housing Loan & UCO Shelter Loan/UCO HomeLoan (as on date of the circular) availed by the staff members from our Bank maybe allowed to be converted to Staff Housing Loan under this new scheme, onwritten request of the employee up to the ceiling of enhanced limit, provided theaccounts are regular in all aspects and no installment is overdue, (provided furtherthat UCO Shelter Loan/UCO Home Loan was not availed for acquiring a secondhouse). However, the employees, for UCO Shelter Loan, who have taken thebenefit of extension of repayment period beyond the date of superannuation(maximum period up to 65 years of age) will not be eligible for such concession.

b. b. The conversion of Supplementary Housing Loan & UCO Shelter Loan/UCOHome Loan to Staff Housing Loan will be permitted to the eligible Officers/ AwardStaff as a onetime measure in the circumstances described under the aboveprovision. Accordingly, eligible officers/employees should submit their applicationsin this regard latest by 30th June, 2011.

OD Facility to the members

[REF: CIRCULAR NO:CHO/PMG/25/2002 DT. 24.09.2002]Eligibility: All confirmed officers after completion of 10 years of service.

Limit:



Years of Service

>10 years but <=15 years 2.00 lakh

>15 years but <=20 years 3.00 lakh

>20 years 3.50 lakh

ROI: 2% below BPLR or 10.5 % p.a on monthly rests, which ever is lower

Provident Fund

a. While the officers who are presently covered under the Pension Scheme and those whowill join the Pension Scheme in terms of option being made available under Joint Note

dated 27th April, 2010 shall continue to contribute 10% of the Pay towards ProvidentFund, there shall be no matching contribution.

b. Officers of State Bank of India will continue to be covered by Contributory Provident FundScheme as hitherto.

c. Officers who are presently covered under Contributory Provident Fund Scheme who do not

opt for Pension Scheme being made available under Joint Note dated 27th April, 2010shall continue under the Contributory Provident Fund Scheme as hitherto.

d. There shall be no Provident Fund to officers joining the services of banks on or after 1st

April 2010. They shall be covered by a Defined Contributory Pension Scheme, where theofficer will contribute 10% of Pay plus Dearness Allowance and the bank will make amatching contribution. The Scheme shall be governed by the provisions of theContributory Pension Scheme as introduced for employees of Central Government w.e.f.

1st January 2004 and modified from time to time.

Pension (other than State Bank of India)

1. The terms of the Bank Employees’ Pension Regulations, 1995 dated 29th September

1995/ 26th March 1996 shall not apply to the officers who join the services of Banks on orafter 1st April 2010; and they shall be covered by a Defined Contributory PensionScheme, which shall be governed by the provision of the Contributory Pension Scheme

introduced for officers of the Central Government w.e.f. 1st January 2004, and as modifiedfrom time to time. Necessary amendments to the relevant provisions of the Bank

Employees’ Pension Regulations, 1995 dated 29th September 1995/ 26th March 1996shall be carried out following the procedure in this regard.

2. Further to Clause 6 of the Joint Note signed on 2nd June 2005 between representatives ofOfficers’ Associations and IBA, it is agreed between the parties as under:

i. With effect from 1st May 2005, the pension of officers who retired or died while inservice during the period 1st April 1998 to 31st October 2002 will be re-fixed basedon the definition of ‘Pay’ as defined in Clause 5 of the Joint Note dated 14thDecember 1999. No arrears of pension and commuted value of pension will bepayable on account of such re-fixing of pension.

ii. With effect from 1st May 2005, the pension of officers who retired or died while in

service during the period 1st November 2002 to 30th April 2005 will be re-fixed

based on the definition of ‘Pay’ as defined in Clause 6 of the Joint Note dated 2nd

June 2005. No arrears of pension or commuted value of pension will be payable onaccount of such re-fixation of pension.

3. Further to Clause 2(b) of the Joint Note dated 2nd June 2005, it is agreed between theparties as under:

i. On and from 1.5.2005, in the case of officers who retired during the period 1.4.1998to 31.10.2002, dearness relief shall be payable for every rise or be recoverable forevery fall, as the case may be, of every 4 points over 1684 points in the quarterlyaverage of the All India Average Consumer Price Index for Industrial Workers in theseries 1960=100. Such increase or decrease in dearness relief for every said fourpoints shall be calculated in the manner given below:

Scale of Basic Pension per month

The rate of Dearness Relief payable as a percentage of Basic Pension

(i) Upto Rs 3550 0.24 percent

(ii) Rs 3551 to Rs 5650 0.24 per cent of pension exceeding Rs 3550 plus 0.20per cent of the basic pension in excess of Rs 3550

(iii) Rs 5651 to Rs 6010 0.24 per cent of Rs 3550 plus 0.20 per cent of thedifference between Rs 5650 and Rs 3550 plus 0.12per cent of basic pension in excess of Rs 5650



(iv) Above Rs 6010 0.24 per cent of Rs 3550 plus 0.20 per cent of thedifference between Rs 5650 and Rs 3550 plus 0.12 percent difference between Rs 6010 and Rs 5650 plus0.06 per cent of basic pension in excess of Rs 6010

ii. In respect of retirees for the period 1.11.2002 to 30.4.2005 for whom pension hasbeen revised w.e.f. 1.5.2005 based on definition of pay in terms of Clause 6(2)of theJoint Note dated 2nd June 2005, dearness relief shall be payable w.e.f. 1.5.2005 forevery rise or be recoverable for every fall as the case may be of every four pointsover 2288 points in the quarterly average of All India Average Consumer Price Indexfor Industrial Workers in the series 1960=100 @ 0.18% of the basic pension.

iii. In respect of officers who retire on or after 1.5.2005, dearness relief shall bepayable for every rise or be recoverable for every fall, as the case may be, of everyfour points over 2288 points in the quarterly average of the All India AverageConsumer Price Index for Industrial Workers in the series 1960=100, at the rate of0.18 per cent of basic pension.

iv. In respect of officers who retired or died while in service on or after 1.05.2005Dearness Relief shall be payable at 0.18% of the basic pension or family pensionor invalid pension or compassionate allowance as the case may be. DearnessRelief in the above manner shall be paid for every rise or fall of 4 points over 2288points in the quarterly average of the All India Average Consumer Price Index forindustrial workers in the series 1960 = 100.

Note:

The Dearness Relief as above shall be payable for the half year commencing from the 1st day ofFebruary and ending with 31st day of July on the quarterly average of index figures published forthe months October, November and December of the previous year and for the half yearcommencing from 1st day of August and ending with the 31st day of January on the quarterlyaverage of the index figures published for the months of April,May and June of the same year.

Provident Fund Loan

Refundable PF Loan

1. Maximum 6 months BP at a time for all other purposes except Medical Purpose ( Medical

Purpose: Maximum 3 months Basic Pay)2. Maximum limit of enjoyment of loan is 80% of own contribution3. 40% Net take home pay of the Gross salary inclusive of interest on Staff OD4. For Medical purpose, Medical Certificate to be attached5. Signature with seal of Branch Official on both sides of the application is required6. Maximum 48 installments for recovery of PF loan plus interest

Non- Refundable PF Loan

This loan is given for

1. Purchase of land2. Purchase of House/Flat or3. Construction of House or Additional Construction of Own house ( not for renovation/ repairing

purpose)

These purpose are to be supported by documentary proof like Sale deed/ Agreement by a charteredvaluer or Engineer‘s estimate with seal and signature with Registration number.

Non-Refundable Loan is not given for other purposes like Marriage/ Medical/ Education etc). Pleasealso note that Non-Refundable Loan is not given for purchase of House or land to those who havealready raised House Building Loan from Bank.

Non-Refundable loan is given only twice in Life time, but with a gap of at least 5 years.

Gratuity Payable

A As per Gratuity Act :

Last drawn Salary x 15/26 x No. of completed Year of service

(Where, Last drawn salary = BP + SA + FPA + PQA + DA) BP: Basic Pay SA: Special Allowance FPA: Fixed Personal Pay PQA: Personal Qualification Allowance DA: Dearness Allowance

Maximum Gratuity Amount payable under Gratuity Act is Rs. 10 lacs.

B As per OSR /Bipartite :

SALARY (N) =BP + FPA + PQA



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i. For above 30 Years : = N x No. of Years /2 + N x No. of Months /24 + N x No. of Days / 730

ii. For more than 15 years but less than 30 Years : = N x 15

iii. For less than 15 years : = N x No. of Years + N x No. of Months / 12 + N x No. of Days / 365

(Whichever is higher of A & B)

N.B: Minimum Service period is 5 yrs

Entertainment Expenses

Scale of officerRevised Annual coiling after merger ofmonthly Business Dev. Expenses. (per

annum)

1 2

Scale-VII 24000.00

Scale-VI-as Branch Head (BH) ZonalHead(ZH)

20000.00

Scale-VI-other than BH/ZH 12000.00

Scale-V- as Branch Head(BH)/ ZonalHead(ZH)

15000.00

Scale-V-other than BH/211 7500.00

Scale-IV- as Branch Head 12000.00

Scale-IV. other than BH 6000.00

Scale-III as Branch Head 8000.00

Scale-III other than BH 4000.00

Scale-II as Branch Head 6000.00

Scale-II other than BH 3000.00

Scale-I as Branch Head 5000.00

Scale-I-other than BH 2500.00

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