Welfare scheme of Indian Bank

[Kalyanasundaram Subramaniam]

I have submitted the  following representation to Indian Bank HRM and CMD

I have taken Voluntary Retirement from the Bank in the year 2001 under special VRS 2001. I regret to state that Retirees of VRS 2001 are excluded from the purview of different welfare schemes of the bank for the reason best known to the bank.

We (VRs) too had worked for the bank and contributed immensely during our service years and whatever balance is available in the Welfare fund contains our sweet labour also.

After all, the VRS of 2001 was the effort of the bank and we had opted for it after so many years of service and this should not be treated as a crime. While the V R scheme was launched, nowhere it was mentioned that we will not be eligible for different welfare schemes of the bank.

There are other government banks, who are not making any such distinction between Retirees under VRS and Retirees under Superannuation.

You may please refer to CANARA BANK HUMAN RESOURCES WING INDUSTRIAL RELATIONS SECTION: MEMO NO. : 3/2021 D A T E: 13.01.2021, which reads as follows:

“10. REIMBURSEMENT OF EITHER MEDICAL EXPENSES OR EXPENSES INCURRED TOWARDS PAYMENT OF PREMIUM TOWARDS MEDICLAIM POLICY INCURRED BY RETIRED EMPLOYEES: i) All the retired employees who have retired from the services of the Bank on or before 31.03.2020 on superannuation/VRS/SVRS 2001 shall be eligible for the benefit under the scheme.”

I request you to make a similar provision in the welfare scheme of Indian Bank also and help the senior citizens who had opted for VRS 2001. This will go a long way in mitigating their hardship in their sunset years.

I request you to let me have your response at the earliest.

Thanks/Regards.

I request all other voluntarily retirees (2001)of Indian Bank to submit similar email. 

Please request all your other friends (similarly placed) also to submit similar email. 

Other VR persons (after 2001) may modify the petition suitably and submit. 

Regards.

S Kalyanasundaram 

[Mani B]

Are u the SM Kalyanasundaram worked in New Delhi ZO during 1991 - 1995 ?

Balasubramanian R 

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[PARASURAMAN K R]

Dear Sri Kalyana Krishnan,

Canara Bank too was not extending this benefit to VRS/SVRS retirees. The All India Canara Bank Retirees Federation fought and got it applicable to VRS/SVRS retirees. So u may request your retirees association to take up the matter quoting Canara Bank circular. Such discrimination towards SVRS retirees should be put to an end.

PARASURAMAN K R

[nook raju]

Statutory Welfare fund comes under consumer protection act ,file a case in Consumer court 

[p.u.b. rao]

Dear Mr. Kalyanasundaram,

I am Dr.P.U.B.Rao. I remember you from Allahabad Bank. Hope you also remember me. I took voluntary retirement from Allahabad Bank in 1996 to pursue my passion for teaching.

 I do not know about welfare schemes of Indian Bank. After reading your mail in bankpe...@googlegroups.com  I want to know whether I am eligible for those welfare schemes since I took voluntary retirement in 1996.

Please let me know whether only retirees of VRS 2001 are excluded from the purview of different welfare schemes of the bank or all other retirees of erstwhile Allahabad Bank retired before 2001.

Thanks and best wishes,

Dr.P.U.B.Rao

[Kalyanasundaram Subramaniam]

Thanks for your suggestion.

Regards

S Kalyanasundaram

[JSOMA SHEKARA]

AIBRF has units in all Banks. Out of all these units only AICBRF a unit of AIBRF in Canara Bank, is active thanks to its Gen Sec Sri. S.V.Srinivasan, who convinced Canara Bank to implement SC order,

Canara Bank was the first Bank to pay Pen arrears +commutation arrears with Interest@9% but recovered commutation at one go( not illegally recovered with interest as done by other banks).

Sri. S.V. Srinivasan was even continuing his efforts to convince the bank to refund commutation recovered in lump sum.

At this time Sri. S.V.Jain instead of supporting him scolded him for over activism.

Sri.S.V. Jain could have met Bank managements personally and convinced them to implement SC order as done in Canara Bank.

He could have also demanded CHV and Soumya Dutta to take up issue with respective Banks.

But Jain wrote a letter to IBA and kept quiet and after two years said he has formed a sub committee etc.

I do not know why units of AIBRF exists in other Banks when they could take up issue with Bank managements successfully.

If the top leader is uninspiring, units also will go to sleep mode.

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[Kalyanasundaram Subramaniam]

Yes sir (between 1993 and 97)

Regards

S Kalyanasundaram 

[Kalyanasundaram Subramaniam]

As per Government advice banks contribute a percentage of net profit (with different ceilings) to the Staff Welfare Fund. 

How this is a Statutory Welfare Fund?

I request you to elaborate. 

Any decided cases?

Regards.

S Kalyanasundaram 

[Mohan Revathi]

 Dear Mr. Parusuraman,

You have been given wrong information.

Canara Bank Staff welfare fund extends benefits to  SVRS2001 retirees.  In the recent SWF scheme announced by the bank on 13.01.2021 it i stated as below:

REIMBURSEMENT OF EITHER MEDICAL EXPENSES OR EXPENSES INCURRED TOWARDS
PAYMENT OF PREMIUM TOWARDS MEDICLAIM POLICY INCURRED BY RETIRED EMPLOYEES:

i) All the retired employees who have retired from the services of the Bank on or
before 31.03.2020 on superannuation/VRS/SVRS 2001 shall be eligible for the
benefit under the scheme.

The following persons are not eligible under the Scheme:
a. Employees who have been discharged / dismissed/ removed from the service /
compulsorily retired/ terminated on the grounds of misconduct.
b. Employees who have resigned from the services of the Bank.

iii) The eligible employees will be reimbursed either towards medical expenses

This is for you5r kind information.

R. Mohan

CB SVRS 2001 Retiree

On Sun, Jan 17, 2021 at 3:04 PM p.u.b. rao <pub...@gmail.com> wrote:

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[Debasish Mukherjee]

It is not only Indian Bank or Allahabad Bank many other Banks are also discriminating the VRS optees of 2001 from many benefits which are met from the Banks Welfare Funds. Bank of Baroda also discriminated the VRS optees of 2001. BOB did not allow the VRS optees to join even the contributory medical scheme in 2007 and recently BOB also excluded the VRS optees from payment of special medical aid for the retirees on attaining 70, 75, 80 years and above expenses of which are met from the Banks Staff Welfare Fund. Irony is some amalgamated Banks viz.Vijaya Bank extended this benefit to their VRS optees but being the principal Bank BOB denied the same benefits to their own VRS optees.

Debasish Mukherjee,

mumb...@rediffmail.com

Sent from RediffmailNG on Android

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[PARASURAMAN K R]

Dear Sri Mohan,

Pls go thru my mail carefully. I have just mentioned that SVRS/VRS retirees got the benefit after fighting with the management. I have not mentioned that now it is not applicable to SVRS/VRS retirees as it is clearly mentioned in the circular itself.

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[Gandhari, G. (Gopal)]

My Dear All

 

Sorry being selfish here.

 

Looking at the below, I am a VRS2001 – Syndicate Bank retiree and I have not opted for any Mediclaim policy for various personal reasons.

 

Can I please know whether I am eligible for any benefit under this.

 

Appreciate if the clarity is provided.

 

Thanks & Kind Regards

Gopal Rao Gandhari

 

 

 

From: bankpe...@googlegroups.com <bankpe...@googlegroups.com> On Behalf Of Mohan Revathi
Sent: Sunday, 17 January 2021 12:15
To: bankpe...@googlegroups.com
Subject: Re: bankpensioner Welfare scheme of Indian Bank

 

CAUTION - EXTERNAL SENDER - Please be careful when opening links and attachments. Nedbank - IT Information Security Department (ISD)

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[Nagaraju Kakani]

Sairam, As per Canara Bank is applicable to all retirees irrespective of their age and length of service. Because BOI gives benefit only to those who have completed 55 years of age or 30 years of service quoting the Central Govt guide lines on this matter. 

With regards, 

Kakani Nagaraju

SVRS 2000/2009 Pensioner - BOI

Nallagandla, Hyderabad. 

[sekhar G.]

This has happened this time only.

G. Sekhar 

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[Balasundaram Ramaswamy]

Will someone please forward the -CANARA BANK HUMAN RESOURCES WING INDUSTRIAL RELATIONS SECTION: MEMO NO. : 3/2021 D A T E: 13.01.2021- for info please.

Thanks and regards

R.Balasundaram

223, Ferns City

Off Outer Ring Road

Doddanakundi

Bangalore 560037

Res Ph: 080-23681223

Cell:+919880471511

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[sekhar G.]

Mr. Parasuraman,

Are we not ashamed to fight for every small small things.  This shows the poor bargaining capacity of leaders.

G. Sekhar.

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[Kalyanasundaram Subramaniam]

It was already provided somewhere in this discussion forum. I am adding again. 

Regards.

S Kalyanasundaram

[LakshmanRao Kantamsetti]

In indian bank 

Medical aid is paid 4000/- every year without medical Bill's 

Health check up for self and spouse withLab Bill's   1750 /- each 

Health insurance premium  4700/- 

Just for information  

I am me signing here .

Best wishes 

KLRao

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[LakshmanRao Kantamsetti]

Mukherjee ji

Kindly let me know about 

The special medical aid to 70 plus 75 plus and 80 plus-  in vogue in BoB

eligible amount 

Medic  ills are coerced from the retirees of not  etc 

Thank you very  much 

Regards 

KLRao 

On Mon, Jan 18, 2021, 09:58 'Debasish Mukherjee' via bankpensioner <bankpe...@googlegroups.com> wrote:

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[PARASURAMAN K R]

Mr Sekhar,

Please note that the staff welfare measure are based on profit earned by banks, a peecentage of which is allocated to employees n retirees. We should be happy that in spite of our bank reporting a net loss we could secure an enhanced benefit this year. Though banks are reporting operating profits the govt is reluctant to provide funds n that they provide a very meagre amount with a cap of RS 25 crores. With the merger of syndicate bank the retiree strength is nearly 72000 n the bank was waiting for approval from govt for inclusion of syndicate bank limit also for announcing the staff welfare measures.

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[Kalyanasundaram Subramaniam]

Mr Rao

All these are for superannuation retirees and not for Voluntary Retirees. 

S Kalyanasundaram

[sekhar G.]

Dear Mr. Parasuraman,

Thank you very much for clarifying the inabolity in sweet words.  Any how we are at the mercy of leaders' whims and fancies and live with it.  It is nothing new to us. We are such excuses for the past twenty years by losing ₹ 5000 - 7000 p.m in our monthly pension. Compared to that this is nothing. Long live HEROES.

G. SEKHAR.

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[LakshmanRao Kantamsetti]

Noted .

Bank retirees were allowed to use card without any charges. 

Now sbi started charging 279 /- per annum 

There is no confessional locker rent for sbi . But India  bank there is confessional locker rent.  I am afraid 

Slowly all the banks are likely to stop all these confessional facilities to retirees.  

KLRao

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[Kalyanasundaram Subramaniam]

As I have not received any response  from the  Bank, I moved application under RTI to know the disposal.

I attach the reply received. 

I have submitted my First appeal as follows: 

"I am surprised to see the reason given for not providing the required information as “RTI is an avenue to seek information on record from the bank. Hence other than information no other details can be sough”

The information has been declined without any application of mind. Or perhaps the Bank wants to hide some information which will expose the wrong doing of the powers that be.

When any mail or letter is addressed to the bank, the moment it reaches the bank, it is part of the bank record and document. It is ridiculous to say that the communication received by the bank is not on record of the bank.  

The information sought by me is precisely on the email received by the bank and it is very well under the basic rights provided to citizens under RTI Act.

I hope that you will accept that the basic object of the Right to Information Act is to empower the citizens, promote transparency and accountability in the working of the Government, contain corruption, and make our democracy work for the people in real sense. The bank is not supposed to hide the action taken or not taken on a communication it has received.

Please arrange to let me the information sought." 

I would like to know from other Indian Bank Voluntary Retirees if they have also represented as I requested earlier. 

Regards.

S Kalyanasundaram 

[Kalyanasundaram Subramaniam]

I am yet to get reply for the appeal submitted under RTI Act. 

However, I have received the following reply for my representation dated 16th January 2021: 

CO/HRM/MED/015/2020-21                                                                                                  18.03.2021

 

Mr.S Kalyanasundaram

E-mail id: 1952...@gmail.com

 

Sir,

 

We acknowledge receipt copy of your e-mail dated 16.01.2021 and inform that as per extant norms, those employees who retired from the services of the Bank on superannuation are eligible for annual medical aid and reimbursement of the premium paid on the health insurance cover taken by them.

 

The suggestion mentioned in your e-mail regarding granting the medical aid and reimbursing the premium paid on the health insurance to the retirees who retired from the services of the Bank on VRS, is noted.

 

This is for your information.

 

 

Chief Manager

Indian Bank

CO/HRM

S Kalyanasundaram 

[Kalyanasundaram Subramaniam]

Now I have received reply  for my appeal.

 I attach the same. 

S Kalyanasundaram 

[JSOMA SHEKARA]

Let us not waste time by discussing unnecessary issues like applicability of clauses of Pension regulations and Pension Fund. It is totally unnecessary, leading to diversion of attention from real issue. Ok. After many days and after throwing mud at each other some of us win arguments and others lose. How this will help achieving updation. Let us all unite and pressure UFBU and IBA to discuss updation urgently and conclude it positively.

Let us not forget that IBA did not hesitate to violate pension regulations and rejected 50% Basic Pension first and then from DOR and 5 years benefit. IBA also rejected pension to CRS.

So let us not be under illusion that  if our pension regulations provided for the same iBA and UFBU would have discussed and submitted proposal to DFS.

Irrespective of what regulations say  what is required is UFBU and IBA must be willing to discuss updation and submit proposal to DFS. RBI pension rules also did not provide for updation but they achieved it.Instead of   sending 100 letters to DFS our retiree associations should consistently remind UFBU to take up issue. But our Retiree organizations are afraid of UFBU. No body is trying to convey pensioners expectations to UFBU  so that they can take up issue on war foot.

In Pensioners forums thousands of pensioners are expressing their concern for delay in resolving issue. Instead of conveying these concerns to UFBU it is unfortunate that poor pensioners are targetted, insulted  and removed from forum for questioning UFBU. In these days even criticizing SC is considered freedom of speech.

Unless a proposal is submitted by IBA we cannot expect any decision by DFS.

But 10 lakh bank employees and 5 lakh Pensioners cannot question UFBU. Then who will make them move forward to finalize updation?

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[Kalyanasundaram Subramaniam]

Mr JSoma Shekara

I do not follow why you have posted this here as response to my postings. Here we are discussing welfare scheme of Indian Bank and I have simply posted the recent development on my RTI. This has nothing to do with pension updation or Pension fund or Pension regulation as claimed by you. 

Regards.

S Kalyanasundaram 

[Nagaraju Kakani]

Sairam sir, Do you think that this small group of less than 1000 can bring together the 10 lakh bank employees and 5 lakh retirees together to bring pressure on the UFBU.Even if it happens do you think the Boss will move in the right direction.So I feel as you said it is a waste of time and energy of the retirees. Better we leave the matter to the mercy of Bhagawan and the Theen Devatas - UFBU,IBA,DFS.Let us give some rest to the group and the members.

nagaraju kakani

hyderabad.

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[Shrinivas Parkar]

There are indications that our mails are read by Appropriate Authorities. Let us continue. 

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[JSOMA SHEKARA]

I am not referring anything against efforts to get information through RTI. I have also making attempts to get information but not successful.

Here we are arguing why clause 12 which provided for Updation in  agreement dated 29.10.1993 was not included in Pension Regulations and whether Pension funds belongs to us or not. No doubt these are valid points.

But we are dealing with IBA and UFBU who do not respect laws and SC verdicts.

Our pension regulation has provision for 5 years benefit and 50% Basic Pension, recovery of commutation from date of credit to account and Second pension to CRS and others as per agreement dated 27.04.2010.

It is well known that IBA has rejected all these benefits and we could secure the same only through judiciary after 18 years.

So my point is even our Pension regulation had provision for updation there was no guarantee that IBA and UFBU would have implemented the same. However this would have helped us in securing justice in court.

Now what is important is not laws but intention of IBA and UFBU to discuss updation and send proposal to DFS. So instead of worrying about laws we should bring pressure on UFBU so that leaders followup with IBA and ensuure that proposal is submitted to DFS.

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[Kalyanasundaram Subramaniam]

Mr JSoma Shekara 

You have got every right to express your opinion sir. But why do you post under wrong page? Under this thread/page, we are discussing the welfare schemes of Indian Bank. An effort is being made to get the benefit as prevailing in Canara Bank to Indian Bank VR optees also. When you post here something on pension updation, I am confused. 

Regards.

S Kalyanasundaram 

[Nagaraju Kakani]

sairam if so it is a good news and development.

nagaraju kakani

hyderabad

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[Kalyanasundaram Subramaniam]

I am happy to inform that at least this year (2022) Indian Bank is permitting medical aid out of Welfare fund for VR Staff also. 

Indian bank has issued circular on 3rd February 2022. 

[mohan p]

Good gesture by Indian Bank .

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[CHIRAMEL MATHEW SIMON]

Are the welfare schemes of Indian Bank 

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[CHIRAMEL MATHEW SIMON]

Are the welfare schemes of indian schemes allowed to retired employees of Allahabad bank? If not, how this can be justified, since existing employees of Indian Bank and Allahabad Bank equally enjoy all the staff benefits without any discrimination.

C M Simon

[Nagaraju Kakani]

Sairam, Does the scheme stipulate any age or service criteria for the retired employeas in  Bank of India . Where the eligibility criteria is 30 yrs of service or 55 yrs of age.

I retired at the age of 53yrs age with 26 yrs service in 2000 under SVRS with pension option in 2009.

With regards,

Nagaraju Kakani

Hyderabad.

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