Aiboboa believes in equipping officers with knowledge about their service conditions and entitlements



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FOREWORD


AIBOBOA believes in equipping officers with knowledge about their service conditions and entitlements.
We are presenting an updated position covering the recent changes and improvements in our service conditions, benefits and facilities. The most significant is the Historic Settlement on Salary Revision and Second Option for Pension agreement signed between IBA & UFBU on 27.04.2010. One of the salient features of the Agreement is the provision to extend another option to join the existing Defined Benefit Pension Scheme to about 3,60,000 existing and retired workmen employees and officers.
At our Bank level in the recent past important policy decisions have been taken which have direct bearing on officer’s career viz: Transfer Policy for officers, Policy for selection of officers for overseas posting, HR Resourcing policy and a progressive Promotion Policy for officers offering opportunity for fastest career growth in the Banking Industry. A remarkable improvement has been achieved in areas like enhancement in loan limit and reduction of interest rate in Conveyance Loan and Housing Loan, increase in limit for Entertainment Expenses, Reduction of interest rate on staff Clean Overdraft facility.
This booklet contains gist of officers’ service conditions, perks and perquisites, Staff Welfare schemes, loan facilities and other related matters.


SL. NO. CONTENTS

1. SCALE OF PAY/FITMENT /STAGNATION

2. DEARNESS ALLOWANCE:

3. HOUSE RENT ALLOWANCE

4. CITY COMPENSATORY ALLOWANCE

5. FPP


6. PQP

7. MID ACADEMIC YEAR TRANSFER ALLOWANCE:

8. DEPUTATION ALLOWANCE:

9. HILL AND FUEL ALLOWANCE

10. SPECIAL AREA ALLOWANCE

11. PROJECT AREA ALLOWANCE

12. SPLIT DUTY ALLOWANCE

13. PROVIDENT FUND

14. NON REFUNDABLE WITHDRAWAL FROM PROVIDENT FUND

15. MEDICAL AID

16. HOSPITALISATION EXPENSES

17. MEDICAL CHECK UP SCHEME

18. EX-GRATIA MEDICAL AID:

19. HOUSING ACCOMMODATION

20. FURNITURE TO OFFICERS AT RESIDENCE

21. RECOVERY OF HOUSE / FURNITURE RENT

22. ENTERTAINMENT EXPENSES

23. REIMBURSEMENT OF CLUB MEMBERSHIP FEES

24. REIMBURSEMENT OF CONVEYANCE EXPENSES

25. HALTING ALLOWANCE

26. LODGING EXPENSES

27. TRAVELLING EXPENSES FOR TRAVEL IN OWN VEHICLE FOR OFFICIAL DUTY:

28. REIMBURSEMENT OF CONVEYANCE ON TRAINING

29. DISCOMFORT ALLOWANCE

30. HOUSE MAINTENANCE ALLOWANCE

31. KIT ALLOWANCE

32. PROVISION OF NEWS PAPER & BOOK FACILITY TO OFFICERS

33. BRIEF CASE TO OFFICER:

34. COMPENSATION ON TRANSFER

35. EXPENSES ON TRANSFER:

36. HALTING ALLOWANCE

37. MODE OF TRAVEL AND EXPENSES ON TRAVEL

38. JOINING TIME ON TRANSFER

39. LEAVE TRAVEL CONCESSION

40. FESTIVAL ADVANCE TO OFFICERS

41. VARIOUS STAFF LOANS:

42. CLEAN OVERDRAFT FACILITY FOR STAFF MEMBERS

43. STAFF HOUSING LOAN / CONVEYANCE LOAN

44. HOUSING LOAN TO STAFF UNDER PUBLIC SCHEME

45. AVAILMENT OF LOANS FORM OUTSIDE SOURCES


46. SCHEME FOR ENCOURAGING EMPLOYEES TO

PURSUE PROFESSIONAL AND COMPUTER EDUCATION,

47. PREFERENTIAL INTEREST RATES ON DEPOSITS

48. ISSUANCE OF BOBCARD

49. ONLINE TRADING FACILITY

50. ONLINE PROMOTION TEST

51. REIMBURSEMENT OF KIT ALLOWANCE FOR OVERSEAS VISITS

52. PAYMENT OF HALTING /DIEM ALLOWANCES TO EXPATRIATE OFFICER/OFFICERS

53. SILVER SALVER SCHEME

54. LEAVE

55. UNAUTHORISED ABSENCE

56 SANCTION OF LEAVE AND PERMISSION TO GO ABROAD AND ISSUE OF “NO OBJECTION CERTIFICATE” FOR OBTAINING/RENEWING PASSPORT

57. COMPENSATORY LEAVE

58. SCHEME FOR GRANT OF SABBATICAL LEAVE TO EMPLOYEES

59. PROMOTION POLICY

60. ASSETS LIABILITY RETURN

61. TERMINAL BENEFITS

62. ENCASHMENT OF PRIVILEGE LEAVE ON RETIREMENT

63. ADDITIONAL RETIREMENT BENEFIT

64. PRE-MATURE RETIREMENT OF OFFICER

65. SCHEME FOR PAYMENT OF EX-GRATIA

FINANCIAL RELIEF/APPOINTMENT

66. ISSUANCE OF SERVICE CERTIFICATES TO RETIRED EMPLOYEES

67. STAFF WELFARE

68. BANK OF BARODA CONTRIBUTORY MEDICAL ASSISTANCE SCHEME FOR RETIRED EMPLOYEES

69. HELP DESK FOR RETIRED EMPLOYEES

70. “BARODA SUJHAV” – STAFF SUGGESTION SCHEME

71. PARAMARSH- THE CENTER FOR PERSONAL COUNSELLING

72. SAMPARK – THE SOS HELPLINE FOR EMPLOYEE

73. IDEA ONLINE

74. HUMAN RESOURCE NETWORK FOR EMPLOYEE SERVICES

75. PERQUISITES TO CHIEF MANAGER SMG/S IV

76. DISCIPLINARY MATTERS

77. TRANSFER POLICY

78. INCOME TAX ON PERQUISITES – CONCESSIONAL RATE OF INTEREST ON STAFF LOANS

79. INTRODUCTION OF A NEW EMPLOYEE PERFORMANCE MANAGEMENT SYSTEM(EPMS) 80.POLICY FOR OVERSEAS POSTING

81. SCHEME FOR LEGAL & FINANCIAL SUPPORT

82. HR RESOURCING POLICY

83. SCHEMES MANAGED BY ASSOCIATION

84. SCHEME FOR RESERVATION OF BEDS IN HOSPITALS SITUATED AT

ZONAL CENTRES

85. LIST OF HOLIDAY HOMES



OFFICERS’ SERVICE CONDITION IN BANK OF BARODA
Service Conditions of officers in BANK OF BARODA is governed by “BANK OF BARODA (OFFICERS’) SERVICE REGULATION 1979”
Refer Book of Instruction volume No. 13
Officers Employees conduct, Discipline and Appeal are regulated by BANK OF BARODA OFFICER EMPLOYEES’ (Conduct) REGULATIONS 1976 & BANK OF BARODA OFFICER EMPLOYEES’ (Discipline and Appeal) REGULATION 1976.
The details of above are recorded in our Head Office publication no. 76.
1. SCALE OF PAY (w.e.f 01/11/2007) BCC/BR/102/147 Dated 26.05.2010:
Scale I = Rs. 14500 -600 /7 - 18700 - 700/2 - 20100 - 800/7 - 25700

Scale II = Rs. 19400 - 700/1 - 20100 - 800/10 - 28100

Scale III = Rs.25700 - 800/5 - 29700-900/2 - 31500

Scale IV = Rs.30600 - 900/4 - 34200- 1000/2 – 36200

Scale V = Rs.36200- 1000/2 – 38200- 1100/2- 40400

Scale VI = Rs.42000 – 1200/4 – 46800

Scale VII= Rs.46800 – 1300/4 – 52000
Fitment :
Fitment shall be stage to stage i.e. on corresponding stages form Ist stage onwards and the increments shall fall on the anniversary date as usual.

For details refer Salary revision circular No. BCC:BR:102/147 Dated 26.05.2010 applicable w.e.f 01.11.2007


Stagnation :


  1. 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 for four stagnation increments for every three completed years of service of which first two shall be Rs.800 each and next two Rs.900/ each.

Provided that officers who have completed three years or more after receipt of the second stagnation increment as on 01.11.2007 will get the third stagnation increment on 01.11.2007 and another stagnation increment on or after 01.11.2008 on their completion of six years after receipt of second stagnation increment.



  1. Officers in MMG/S II who have moved to scale of pay for MMG/S III in

Terms of Regulation 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.
Provided that officers who have completed three years or more after receipt of the first stagnation increment as on 01.11.2007 will get the next stagnation increment with effect from 01.11.2007 and a subsequent stagnation increment on or after 01.11.2008 on their completion of six years after receipt of the first stagnation increment.
Provided further those officers in substantive MMG/S III i.e. those who are recruited in or promoted to MMG/S III shall be eligible for four stagnation increments of Rs.900/- each for every three completed years of service. Those who have already received two stagnation increments and completed more than three years of service after receipt of second stagnation increment as on 01.11.2007 will get the third stagnation increment on 01.11.2007 and the fourth stagnation increment, on or after 01.11.2008 on their completion of six years after receipt of second stagnation increment.
2. Dearness Allowance:
On and from 01.11.2007,, Dearness Allowance shall be payable for every rise or fall of 4 points over 2836 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960 = 100 at 0.15 % of Pay.
3. House Rent Allowance (w.e.f 01/11/2007)


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 excess over 1.20 % of pay in the first stage of the Scale of Pay in which he / she is placed with a maximum of 150 % of the House Rent Allowance payable as per aforesaid rates mentioned in Column II above.



Note: The claims of officer employees for House Rent Allowance linked to the cost of their ownership accommodation shall also be restricted to 150 % of House Rent Allowances as hitherto.

4. City Compensatory Allowance (w.e.f 01.11.2007):





Area

Rate

Maximum Amount

i

Places in Area I and in the State of Goa

4 % of Basic Pay

Rs. 540 /- p.m.

ii

Places with population of five lakhs and over and State Capitals and Chandigarh, Pondicherry and Port Blair

3 % of Basic Pay

Rs. 375/- p.m.


5. FPP: (w.e.f. 01.11.2007)
On and from 1st November 2007 FPP together with HRA shall be at the following rates and shall remain frozen for the entire period of service.


Increment component

D.A. As on 01.11.2007

Total FPP payable where bank’s accommodation is provided

(A)

(B)

(C)

800/-

58/-

858/-

900/-

65/-

965/-

1000/-

72/-

1072/-

1100/-

79/-

1179/-

1200/-

86/-

1286/-

1300/-

94/-

1394/-

Note : (i) FPP as indicated in “C” above shall be payable to those officer employees who are provided with bank’s accommodation.

(ii) FPP for officers eligible for HRA shall be “A” + “B” plus HRA payable on the last increment of the relevant scale of pay..

(iii) The increment component of FPP shall rank for superannuation benefits.


6. PQP (w.e.f 01/11/07) :

(A) Officers shall be eligible for professional qualification pay as under :


(i) Those who have passed only CAIIB - Part I / JAIIB

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

(ii) Those who have passed both parts of CAIIB -

(a) Rs. 410/- p.m. one year after reaching top of the scale

(b) Rs. 1030/- p.m. two years after reaching top of the scale
(B) An officer employee acquiring JAIIB/CAIIB (either or both parts) qualifications after reaching the maximum of the scale of pay, shall be granted from the date of acquiring such qualification the first installment or PQP and the release of subsequent installments of PQP shall be with reference to the date of release of first installment of PQP.
Provided further that in a case where an officer, as on the date of this Joint Note, has already acquired any of the above said qualifications and has not earned any

Increment or PQP on account of acquiring such qualification/s, he may be, with effect from 1st November,2007 or the date of acquiring such qualification/s, which ever is later , released PQP as provided herein above.


7. Mid Academic year transfer allowance:
W.e.f 01.05.2010 it is payable @ Rs.700/- per month subject to other conditions.
8. Deputation Allowance:
On and from 1st May 2010, Deputation Allowance shall be at the following rates :

A) An officer deputed to serve outside the bank - 7.75% of pay with a maximum of Rs2300/- p.m.

B) An officer deputed to an organization at the same place or to the training establishment of the bank - 4% of Pay with a maximum of Rs 1200/- p.m.

9. Hill and Fuel Allowance (w.e.f. 01/11/2007):





Place

Rate

a

Place with an altitude of 1000 meters and above but less than 1500 meters and Mercara Town

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

b

Place with an altitude of 1500 meters and above but less than 3000 meters

2.5% of Pay subject to a maximum of Rs 680/- p.m.

c

Places with an altitude of 3000 meters and above

5% of Pay subject of a maximum o Rs 1570/- p.m.


10. Special Area Allowance (w.e.f. 01/11/2007):

At places where special area allowance is payable in terms of regulation 23(ii) of Officers’ Service Regulations, 1979/1982, the said allowance shall be payable at rates as specified in BCC:BR:102/147 dated 26.05.2010.


11. Project Area Allowance(01.11.2007)
Project Area Compensatory Allowance shall be payable at the

following rates:

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

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


12. Split Duty Allowance01.11.2007)
Split Duty Allowance shall be payable at Rs 165/- p.m.
13. Provident Fund (w.e.f. 01/11/2007):

(a) While the officers who are presently covered under the Pension Scheme and those who will 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 Provident fund, there shall be no matching contribution.
(b) 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,2010 shall continue under the contributory Provident Fund Scheme as hitherto.
© 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 the officer will contribute 10% of pay plus Dearness Allowance and the Bank of Baroda will make a matching contribution. The scheme shall be

Governed by the provisions of the Contributory Pension Scheme as introduced for employees of Central Government w.e.f. 1st January 2004 and modified from time to time.


Pension :
All existing officers who have joined Bank of Baroda’s service prior to 01.04.2010 and who have not opted for pension earlier, can exercise their option for Pension scheme under Bank Employees’ Pension Regulation, 1995 dated 29th September 1995/26th March1996.


  1. The terms of the Bank Employees’ Pension Regulation,1995 dated 29th Sept.1995/26th March1996 shall not apply to the officers who join the services of Banks on or after 1st April 2010; and they will be covered by Defined Contributory Pension Scheme, which shall be governed by the provision of the Contributory Pension scheme introduced for officers of the

Central Govt. w.e.f. 01.01.2004.

  1. With effect from 1st May 2005, the pension of officers who retired or died while in service during the period 1st April 1998 to 31st Oct.2002 will be re-fixed based on the definition of ‘Pay’ as defined in clause 5 of the joint Note dated 14th Dec.1999. No arrears of pension and commuted value of

Pension will be payable on account of such re-fixing of pension.

  1. 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 on account of such re-fixation of pension.
Implementation of Defined Contributory Retirement Benefit Scheme (DCRBS) instead of the present Defined Benefit Pension Scheme for those who are joining the services of the Bank on or after 01.04.2010 : (Circular BCC:BR:102/96 dated 25.03.2010)
The scheme shall be one as governed by the “Contributory Pension Scheme” introduced for employees of central Government w.e.f. 1st January 2004.


14 Non refundable withdrawal from Provident fund –

All confirmed employees and regular member of PF Trust of the Bank who have

Completed 10 years of Service and against whom no disciplinary action has been initiated /pending as on date of application. Purpose and quantum of non-refundable withdrawal are


Purpose

Limit for non refundable withdrawal of Provident Fund

For meeting the expenses in connection with the marriage of children

-6- months grow salary subject to maximum of 50% of Member’s own contribution towards PF/VPF

For meeting the cost of Higher Education of dependent children

Estimated expenses for complete course or 50% of Member’s own contribution towards PF/VPF(which is less)

Reference Circular No.HO:BR:100/130 dated 26.08.2008


15. Medical Aid ( w.e.f. 01.11.2007)
On and from Ist Nov. 2007, reimbursement of medical expenses shall be as under:

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

B) Officers in SMG & TEG Scales - Rs. 6320/- p.a.
16. Hospitalization Expenses ( w.e.f. 01.05.2010)
It shall be in terms of the Hospitalization Scheme laid down under Bipartite settlement dated 27th April, 2010 for workmen employees, subject to following limits: -

Scale

Limits

A) JMG/S I and MMG/S 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 the hospitalization Scheme applicable to workmen employees.


SMG/S IV

(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 the hospitalization scheme applicable to workmen employees


For other charges refer to circular No. BCC/BR/102/147 dated 26.05.2010.

Medical expenses incurred in following disease, which need domiciliary treatment shall be deemed as hospitalization expenses for reimbursement from the bank -Cancer, Leukemia, Thalassemia, Tuberculosis, Paralysis, Cardiac Ailment, Pleurisy, Leprosy, Kidney ailment, Epilepsy, Parkinson’s Disease, Psychiatric disorder, Diabetes, Hepatitis-B, Hepatitis-C, Hemophilia, Myasthenia gravis, Wilson’s disease, Ulcerative Colitis, Epidermolysis bullosa, Venous Thrombosis (not caused by smoking), Aplastic Anemia, Psoriasis and Third Degree Burns.
Besides above special packages are also reimbursed by the bank to the extent of entitlement for getting specialized treatment for diseases pertaining to heart, kidney, coronary etc.

Ambulance charges from residence to hospital and back or from one hospital to another is reimbursable in full.

Actual expenses incurred on conveyance by mode other than ambulance shall be reimbursed subject to the maximum as under:

(i) By public taxi Actual subject to maximum Of Rs 150/- per trip.

(ii) By auto rickshaw Actual subject to maximum Of Rs 75/- per trip.
Bank do also provide “Wall-in Walk-out” facility in some specified hospitals at major centers in India Like Delhi, Mumbai, Ahmedabad, Jaipur, etc. keeping reserved bed for employees and their dependent family members.
AT Patna arrangement of hospital beds for staff and their eligible dependents on actual occupancy basis under “Walk-in-Walk-out” facility is made at Magadh Hospital, Patna. (Refer R.O. circular RO/BIHAR/HRM/W-1/3151 dated 04-09-2006.
Bank does also provide reimbursement of Hospitalization Expenses incurred on treatment abroad in exceptional cases for the ailments for which treatment in India is not yet widely established.
17. Medical Check up scheme for the employees of 45 years of age and above.
Full time confirmed employees of 45 years of age and above are eligible for medical check up once in 2 years in the approved diagnostic centre. Maximum amount payable for medial check up is Rs.1000/-. In Bihar Region following 2 centres are identified.
(i) M/s Harsh Advance Diagnosis and Research Centre, Patna.

(ii) M/s Apollo Clinic,Patna.



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