COMPASSIONATE APPOINTMENT ON COMPASSINATE GROUNDS IN PSBs

[PM]

 

 

 

Text of AIBEA CIR. LETTER No.27/115/2015/11  dated  11^th February, 2015 to its Office Bearers,on lump sum amount payable in lieu of compassionate appointment, is furnished here under for information:

 

 

Dear Comrades,

Reg:  Appointments under Compassionate Grounds – Option for Ex Gratia Lump sum

 

Units are aware that further to the Scheme on appointment on compassionate grounds issued by the IBA in August, 2014, vide our Circular Letter No. 27/103/2014/59 dated 25-12-2014 we had informed that the Government has issued their guidelines to Banks for an option to the eligible family to either opt for employment in the Bank or opt for ex gratia lump sum payment.  But this did not specify the amount of lump sum.

 

Hence the matter was again examined by the Government/IBA and recently IBA issued their clarification circular dated 31-12-2014 stating that the lump sum amount payable to the eligible family in lieu of employment would be the same as covered in the erstwhile scheme i.e. Rs. 6 lacs, Rs. 7 lacs and Rs. 8 lacs for the family of substaff, clerical staff and officers respectively.

 

The Government guideline/IBA Circular has also reiterated that this option for employment or lump sum would be available only in those cases when the other conditions of compassionate appointment ( i.e.  eligibility for employment ) are met.

 

Copy of the IBA Circular dated 31-12-2014 is furnished herein for the information of our units.

 

With greetings,Yours Comradely,

C.H. VENKATACHALAM

GENERAL SECRETARY

                                                                                                                                                             INDIAN BANKS ASSOCIATION

HR & INDUSTRIAL RELATIONS

 

No. CIR/HR&IR/2014-15/532/1108

December 31, 2014

 

Chief Executives of all Public Sector Banks

Dear Sir/Madam,

Scheme of Compassionate Appointment on Compassionate Grounds in Public Sector Banks.

 

We refer to our circulars No. CIR/HR&IR/2014-15/532/476 dated the 11^th August 2014 and No. CIR/HR&IR/2014-15 /532/693 dated 30^th September 2014 on the captioned subject matter in terms of which a scheme of compassionate appointment in lieu of ex-gratia lumpsum amount has been circulated to all Public Sector Banks.

 

2.  Now, the Department of Financial Services vide its letter F.No. 18/2/2013-IR dated the 5^th December 2014 has advised that all Public Sector Banks can have both the options i.e. compassionate appointment or payment of lumpsum ex-gratia amount. However, any of these two options can be used only when the other conditions of compassionate appointment are met.

 

3.   In this connection, we advise that as the Department of Financial Services, vide their above mentioned letter has clearly mentioned that any of two options can be used only when the other conditions of compassionate appointment are met, it is apparent that the terms and conditions applicable to compassionate appointment shall be made applicable to payment of ex-gratia lumpsum amount also. Please incorporate the payment of ex-gratia in the scheme circulated vide our circular dated 11^th August 2014. There is no change in quantum of ex-gratia amount as per the scheme circulated vide our circular dated 19^th July 2007.

[Satish Shenoy]

Sir  Sri Venkkatachalam 

 please inform whether this decision has any applicable date ( I.e applicable from anyperticular date?

Regards

Salish shenoy

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[PM]

Dear Mr.Salish Shenoy,

                                                  
                                                 For your information:

                                              01.   The scheme of Compassionate Appointment in Public Sector Banks was unilaterally withdrawn by IBA, misquoting a decision of the apex court, given in a case irrelevant to the compassionate appointment scheme in Banking Industry.   United Forum of Bank Unions have been demanding restoration of scheme of Compassionate Appointments as was available to Government employees. IBA had been expressing its inability to restore the same in the absence of approval from the Government and a scheme of ex-gratia in lieu of Compassionate Appointment was introduced in Public Sector Banks.

                                                   Government of India, Ministry of Finance, Department of Financial Services, has approved, on 7th August, 2014, on IBA’s proposal as follows:  

1. To open the Compassionate Appointment in PSBs on the lines of Central Government, 

2. Discontinuing the provision of ex-gratia in lieu of Compassionate Appointment in PSBs.  

                                                  IBA has been asked by the Government to take appropriate action to circulate the scheme of Compassionate Appointments to all Public Sector Banks for adoption with the approval of their respective boards. The scheme shall be applicable from 5th August, 2014.  

                                      02. Now, the Department of Financial Services vide its letter dt 5th December 2014 has advised  all Public Sector Banks, that they  can have both the options i.e. compassionate appointment or payment of lumpsum ex-gratia amount.  

                                     IBA also advised to all Banks to incorporate the payment of ex-gratia in the scheme circulated vide their circular dated 11th August 2014. 

 

                                                    

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