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Welfare Facilities for Retired Employees

Dispensaries:

Dispensaries have been established at the Local Head Office, Administrative Offices and some other large centres (Branches) which provides medicines for ordinary ailments and some common diseases and facilities of consultation with specialists and pathological/Clinical tests. They can also make use of beds in hospitals which are reserved by the bank.

Holiday Homes:

Retired employees can avail the facility of holiday homes on the same terms and conditions applicable to serving employees.

Canteen facilities:

To use of staff canteens wherever established is available to the retired employees.

Interest on Deposits:

Retired employees are given the benefit of preferential rate of interest on their deposits representing their bonafide savings as extended to serving employees of the bank.

Interest on Advances:

Interest on Advances granted to Bank’s Pensioners against the specified securities are at the same rate as are applicable to the employees in active service.

Family Member

The deposit account belonging to wife, unmarried daughter, son and daughter in law of the Bank’s Pensioner can be opened as Family Member of the Pensioner and will get preferential rate of interest as Par with the Pensioner

Accommodations at Visiting Officers Flats / Transit Houses

Subject to availability of accommodation, retired officers can make use of the Banks visiting Officers Flats / Transit Houses wherever available.


SOME POINTS YOU HAVE TO KNOW AND REMEMBER


1. Even after commutation of pension, D.A. is paid on full Basic Pension

2. The Life Certificate is to be submitted to the Bank in every year in November.

3. The retiree must ensure that the simultaneous family Pension is revised and must be advised to do so if not done so earlier.

4. The Claims under REMBS (Modified) can be submitted by the benificiary (spouse/invalid child) of the scheme, even after the death of the member.

5. The retiree can avail himself of the benefit of Provision of linked medicines as per availability, from the Bank’s dispensaries.

6. The retirees must ensure that they receive the copy of Pension Payment advice from the Pension Paying branch. It may be held with the retiree as a Permanent record.

7. The restoration of full Pension is to be ensured after completion of 15 years from the date of commutation.

8. The supplementary claim of P.F. balance to be submitted by the Pensioner, in case the salary revision has been given with retrospective effect and the retirement date of concerned retiree is subsequent to the date of effect of revised salary.

9. In case of ex-servicemen employees / officials their beneficiaries of their family pension are authorised to draw both the family pensions from Bank as well as Defence.

10. Exservicemen employees / officials should make sure that family pension from Defence as well as Bank is sanctioned and a copy of the P.P.O. is to be given to the spouse for information.

11. In case of applicability of revision of Salary with retrospective effect and if the retirement is followed after the date of effect of Salary revision, the arrears of encashment of leave as also gratuity, wherever applicable, are to be claimed by the retiree in eligible cases

12. Family Pension becomes payable even after completion of one year service by the deceased staff member.

13. The rates of Dearness Relief payable on Pension/Family Pension are subject to revision, effective Feb/Aug every year at Par with serving employees.

14. Leave encashment on retirement up to Rs. 3,00,000/- is exempted from payment of Income tax and upto 8 months leave can be encashed.

15. A maximum of Rs. 10,00,000/- is payable as Gratuity as per Gratuity Act 1972

16. SBI Pensioners are eligible for availing facilities such as, Canteen, Holiday Homes, Reading rooms, Dispensaries, Diagnostic Centres, Higher rate of interest on Deposit.

PRE-REQUISITE FOR CLAIMING TERMINAL BENEFITS

GROUP INSURANCE AND OTHER BENEFITS OF DECEASED EMPLOYEE

For the benefit of legal heir/s of deceased employee we are giving below check list to claiming the terminal benefits, group insurance of SBI life and other benefits.

CHECKLIST IN CASE OF DEATH CASES


1. Application for compassionate Gratuity on (Annexure 19) form J in duplicate

2. Application for refund of Provident Fund Balance (Annexure 20) in duplicate

3. Declaration of family members (Annexure-1A) in duplicate

4. Application for family pension (Annexure III) in 5 copies

5. Declaration for family pension (To be stamped as per stamped act on to be typed on non judicial stamp paper)

6. Declaration to refund if Provident Fund is paid in excess

7. Application for leave encashment

8. Letter for recovery of bank dues / loans, if any

9. Life Certificate for Family Pension

10. Application mentioning branch from where family pension is to be drawn

11. Letter of disclaimer (To be stamped as per stamped as per stamp act or to be typed on non judicial stamp paper duly notarized

12. Letter of indemnity (To be stamped as per stamp act or to be typed on non judicial stamp paper)

13. Affidavit to be given by two persons known to the family should not be family members / relatives

14. Receipt for Gratuity and Provident Fund

15. Photocopy of death certificate (from Municipality or Panchayat) duly verified by the Head of the Deptt./ Branch Manage with stamp in duplicate

16. Last Provident Fund Statement from HRMS

17. Recent photographs – 5 (five) of person willing to draw family pension

18. Application for sanction of lump sum amount and monthly relief of Mutual Welfare Scheme (MWS) to be submitted along with a copy of death certificate to the pension paying branch

19. SBI Life Claim format for Sampooran Surakhsha

20. SBI Life Claim format for Swarna Ganga

21. Application for sanction of ex-gratia

22. Calculation sheet for ex-gratia


State Bank of India Employees Mutual Welfare Scheme

Amount contributed towards welfare fund will be refunded without interest to the members on attaining superannuation

Members will be eligible for medical benefits as under after normal retirement or after 60 years of age in case of premature retirement, if they have paid advance contribution upto 60 years

In Case of Voluntary / Premature Retirement

With effect from 01-04-2003, members who have joined the scheme and seek voluntary retirement before attaining 60 years of age, are required to pay in advance the contribution in lumpsum at the time of retirement towards welfare fund component up to the date they attain 60 years of age. Benefits under the scheme will accrue on attaining 60 years of age.



Unit

Illness involving hospitalization 90% of hospitalization cost

Additional reimbursement for serious diseases with/without hospitalization

Reimbursenent for any other ailments

Rs.10

Overall limit Rs.6000 during life

Overall limit Rs.6000 during life

Rs.500 p.a out of overall limit of Rs.6000 during life

Rs.20

Overall limit Rs.15,000 during life

Overall limit Rs.15,000 during life

Rs/1,000 p.a out of overall limit of Rs.15,000 during life

Rs.30

Overall limit Rs.22,500

Overall limit Rs.22,500 during life

Rs/1,500 p.a out of overall limit of Rs.22,500 during life

Rs.40

Overall limit Rs.30,000 during life

Overall limitRs.30,000 during life

Rs.2,000 p.a out of overall limit of Rs.30,000 during life


The above medical benefits will be available to the surviving spouse even after the death of an employee

Claims to be submitted within 6 months from the date of completion of treatment

Subscription amount and benefits



Welfare Fund Unit during service

 
Death during service

Lumpsum to be paid
to Nominee / Heirs
 

Monthly Financial relief

payable to spouse
Rs,10
Rs.10,000
 Rs.200
Rs.20
Rs.10,000
 Rs.250
Rs.30
Rs.15,000
 Rs.375
Rs.40
Rs.20,000
 Rs.500

Procedure for claiming reimbursement:

a. Reimbursement of medical bills should be on the prescribed form and should be submitted (one copy only) to concerned Zonal office through the branch from where the pension is paid.

b. All bills and prescriptions are to be signed by the pensioners before submission and Bank’s authorised doctor will countersign the bills at Zonal office.

c. In case of continuous treatment original prescriptions may be retained by furnishing a certificate that the prescription has been retained by me for further treatment.

d. Members should invariably furnish their A/c numbers also their phone numbers including mobile phone numbers if any in the reimbursement form.

SBI Retired Employees’ Medical Benefit Scheme


Sl No

Features

Details

1.

Objective

i) To provide financial assistance for meeting partly or fully, within specified monetary limits for life, hospitalisation/post-hospitalisation expenses for treatment of specified diseases / ailments to such retired employees and their spouse as well as invalid child/ children who fulfill the eligibility criteria for membership of scheme.

    ii) To provide financial assistance for meeting the expenses incurred on Domiciliary treatment irrespective of any disease subject to a maximum of 1% of the allocated limit per annum in case of Scheme II and Scheme II (Modified)

2

Eligibility

i) Retirement from Bank’s service in normal course on superannuation at the age of 60 years

ii) Retirement from Bank’s service on medical grounds by a Medical Board constituted by the Bank and pension sanctioned under rule 22 (ii) of SBI Employees Pension Fund Rules.

iii) Retirement from Bank’s service before attaining the age of retirement for takin up Board Level appointments in Banks / Financial Institutions made by the Central Governenment

3

Exclusion

The following categories of the employees of SBI are not entitled for membership of theScheme:

i) Such employees who have taken / take voluntary retirement / Exit Option under the applicable rules of service or under special voluntary retirement schems by whichever name called.

ii) Employees who were / are discharged / dismissed/removed/compulsorily retired/terminated from service.

iii) Such officers in whose case Rule 19(3) of SBI Officers Service Rules was / is invoked on attaining the age of retirement and they were / are subsequently discharged/ dismissed / removed/ compulsorily retired from service

4.    Membership contribution and Medical Benefit Limit Plan


        SBIREMBS-I        (01.07.1996 to 
 30.06.2003)                                     Closed

        (Old Scheme)     

SBIREMBS- II              (01.07.2003 to 23.09.2009)                                        Closed                                              

Plan Contribution Benefit 
Single plan           1 month's gross pension Rs.2,00,000 
 A
 2 month's gross pension Rs.2,00,000
 B Rs.37,000 Rs.3,00,000
 C Rs.43,500 Rs.4,00,000
 D Rs.49,500 Rs.5,00,000

SBIREMBS-II  (Modified) (w.e.fd.24.09.2009 till date)

 A1 2 month's gross pension + 15% Rs.2,00,000
 B1 Rs.42,600 Rs.3,00,000
 C1 Rs.50,0000 Rs.4,00,000
 D1 Rs.57,000 Rs.5,00,000
 E (for all upto AGM Rs.62,000 Rs.7,00,000
 F (for GM & iDGM Rs.75,000 Rs.10,00,000
 G )for CGM) Rs.90,000 Rs.15,00,000
 H )for DMC) Rs.1,00,000Rs.20,00,000 


Diseases covered under SBI Retired Employees Medical Benefit

Scheme

1. Cardiac ailments

2. Cancer

3. Kidney failure transplant*

4. Paralysis*

5. Retina Detachment cornea replacement

6. Major accidents

7. Tumor

8. Cerebra vascular accidents / Brain heomorrhage

9. Total Hip Knee replacement

10. Cataract and Glaucoma Surgery

11. Tuberculosis

12. Diabetes*

13. Appendicitis Surgery

14. Prostrate

15. Hernia

16. Removal of stone in gall bladder

17. Alzheimer’s disease

18. Parkinson’s disease

19. Liver Cirrhosis (non alcoholic)

20. Arthritis*


Clarification Note

1. Option once given is irrevocable

2. Only members are permitted to opt for the modified scheme - spouse, invalid child / children are only beneficiaries of the scheme.

3. For Plan A-1, 2 months gross pension +15% of 2 current months’ gross pension is to be taken for calculation of contribution.

4. Member can submit bills any number of times but bills should be submitted on or before the completion of the financial year

5. Member is deemed to be admitted to the scheme from the date the application is received at the Pension Drawing Branch.

6. Members of Schem - I (since closed) and existing members of Scheme II are not eligible for domiciliary treatment

To become eligible for domiciliary treatment, they should opt for Plan A1/B1/C1/D1/E/F/G/H by paying the differential amount of subscription.

7. The additional illnesses (17,18,19 and 20) mentioned in the above list of diseases are not available under Scheme 1 (since closed)

8. As the possibilities of misplacement by the Bank of the applications for membership and bills for reimbursement cannot be ruled out (there are many such instances), please note to obtain acknowledgments from the Pension Drawing Branch and retain them until you receive the Pass Book payment of medical bills.

9. Post-hospitalisation treatment is reimbursable for diseases at No. 2,3,4,12 & 20 above(*)

10. Domiciliary treatment is now permitted for all diseases and not restricted to the above 20 diseases, subject of course to the overall sub-limit.

Pathological / Radiological tests covered under the Tie-up arrangements at LHO and AO centres

extended to dispensary centre

Sl.

No.             Name of the test

1.         Blood CBC (Complete Blood Count)

2.         ESR

3.         Urine Routine

4.         Stool Routine

5.         Blood Sugar with Urine Sugar (Fasting)

            -do- Post Prandial

6.         Serum Cholesterol

7             Blood Urea / NPN

8             Serum Creatinine

9.            Blood Film for Malarial Parasites

10.         Serum Bilrubin

11.         S.G.P.T.

12.         All types of routine X-rays              (may be calculated at per plate for convenience

13.         S.G.O.T.

14.         Serum Alkaline Phosphates

15.         Spurum for A.F.B.

16.         Tuberculin test for TB

17.         Blood Grouping

18.         Bleeding time and Clotting time

19.         Routine culture for Blood/Urine/Stool/Throat swab/pus and Antibiotic sensitivity test

20.         ECG

21.         Sonographic Tests

             Single Part

             Multiple Part

22.         Prothrombin Time Test

23.         Widal Test

24.         Uric Acid Test

25.         G-6-P-D

26.         Lipid Profile

27.         T3T4TSH

28.         Gycosaluted (HblAC)

29.         Digital X-ray

List of Diagnostic Centres


1.         Devi Scans Pvt. Ltd., Kumarapuram, Thiruvananthapuram

2.         Metro Scans & Laboratories, Medical College P.O., Thiruvananthapuram

3.         Metro Scans & Laboratories, Chamakkada, Kollam

4.         Aswini Diagnostic Services, Jail Road, Kozhikode

5.         Sudharma Metropolis, Patturaickal Junction, Thrissur

6.         The Appolo Clinic, Law College Jn, Thiruvananthapuram

7.         The Appolo Clinic, Fort Road, Kannur

8.         E1 Lab Metropolis, Paramara Road, Ernakulam - 682017

9          E1 Lab Metropolis, H. No. 30/1156, Thekkedath Kaniyampuzha Road, Vyttila, Cochin - 19

10.       Modern Diagnostic Centre, Kottayam

11.        Medilab Speciality Lab (India) Pvt. Ltd., Kadavanthra, Kochi


Approved Hospitals


1.         KIMS, Thiruvananthapuram

2.         SUT, Thiruvananthapuram

3.         RCC, Thiruvananthapuram

4.         Amritha Hospital, Kochi

5.         Dr. Nairs Hospital, Kollam

6.         Upasana Hospital, Kollam

7.         MIMS, Kozhikode

8.         MES Medical College Hospital Perinthalmanna

9.         Medical Trust Hospital, Ernakulam

10.        Caritas Hospital, Kottayam

11.         SP Fort Hospital, Thiruvananthapuram

12.         Bishop Benziger Hospital, Kollam

13.         Pushpagiri Medical College Hospital, Tiruvalla

14.         Ananthapuri Hospital, Thiruvananthapuram

15.         Lisie Hospital, Ernakulam

16.         Lakeshore Hospital, Ernakulam


PRE-REQUISITE FOR CLAIMING TERMINAL BENEFITS

GROUP INSURANCE AND OTHER BENEFITS OF DECEASED EMPLOYEE

For the benefit of legal heir/s of deceased employee we are giving below check list to claiming the terminal benefits, group insurance of SBI life and other benefits.


CHECKLIST IN CASE OF DEATH CASES

1. Application for compassionate Gratuity on (Annexure 19) form J in duplicate

2. Application for refund of Provident Fund Balance (Annexure 20) in duplicate

3. Declaration of family members (Annexure-1A) in duplicate

4. Application for family pension (Annexure III) in 5 copies

5. Declaration for family pension (To be stamped as per stamped act on to be typed on non judicial stamp paper)

6. Declaration to refund if Provident Fund is paid in excess

7. Application for leave encashment

8. Letter for recovery of bank dues / loans, if any

9. Life Certificate for Family Pension

10. Application mentioning branch from where family pension is to be drawn

11. Letter of disclaimer (To be stamped as per stamped as per stamp act or to be typed on non judicial stamp paper duly notarized

12. Letter of indemnity (To be stamped as per stamp act or to be typed on non judicial stamp paper)

13. Affidavit to be given by two persons known to the family should not be family members / relatives

14. Receipt for Gratuity and Provident Fund

15. Photocopy of death certificate (from Municipality or Panchayat) duly verified by the Head of the Deptt./ Branch Manage with stamp in duplicate

16. Last Provident Fund Statement from HRMS

17. Recent photographs – 5 (five) of person willing to draw family pension

18. Application for sanction of lump sum amount and monthly relief of Mutual Welfare Scheme (MWS) to be submitted along with a copy of death certificate to the pension paying branch

19. SBI Life Claim format for Sampooran Surakhsha

20. SBI Life Claim format for Swarna Ganga

21. Application for sanction of ex-gratia

22. Calculation sheet for ex-gratia


FESTIVAL ADVANCE

Our Bank offers you the facility of Festival Loans to help you meet any kind of festival-related expenses.  Following are the details of the loan:-

Loan amount: Determined by your income & repayment capacity

Minimum: Rs.5,000/-; Maximum:4 times your net monthly income  max. Rs.50,000/-

Margin: Nil;

Interest: 2.50% above SBAR (i.e: 14.75% p.a.) w.e.f. 1.1.2009

Repayment: 12 months through EMIs

Security: Personal guarantee of the spouse or any other person of adequate worth where check-off facility is not available

Processing fee: 1.10% of the loan amount


SERVICE CHARGES  (As per circular issued in August 2008)    Inter-Core/Non-Home transactions:

 
The following transactions are not charged for Staff/Pensioners:

 
1.         Deposit of cash at non-home branches

2.         Deposit of cheques at non-home CBS branch drawn on any CBS branch/other banks

3.         Deposit of clearing instruments at non-home CBS branch drawn on non-CBS branch/other banks

4.         Encashment of cheques at non-home branch

4.         Transfer of funds from home branch to third party accounts at another CBS branch

5.         Pass Book updation at non-home branch

 

                                 DEPOSITS HELD JOINTLY IN THE NAME OF STAFF MEMBERS/RETIREES

                                                                      PAYMENT OF ADDITIONAL INTEREST

            The Bank’s Industrial Relations Department at the Corporate Centre, Mumbai, has since clarified that the benefit of additional 1% interest may be allowed on deposits maintained jointly with the other family members of the employee/retired employee irrespective of whether the employee or the family member is the first account holder, provided the employee/retired employee furnishes a declaration that the monies deposited or which may from time to time be deposited into such accounts shall be monies belonging to him/her. Only close family members viz; spouse, son, unmarried daughter, unmarried sister, father, mother, daughter-in-law, grandson and grand-daughter of the employee may be allowed to be the joint holder of the account along with the employee /retired employee.  Son/daughter will include legally adopted son/daughter also.

PENSION PAYMENT JOINT ACCOUNT

It has been decided by the bank to permit Pensioners  to open  a joint a/c with their spouse in whose favour an authorisation for  family pension exists for credit of pension payment, by submitting an application in the prescribed format. vide circular No CDO/PPG/RA/504 dt. 10.11.2005. The members may avail this facility at the earliest. Specimen of letter to be addresed to the Bank cn be downloaded from the Downloads page.

APPOINTMENT OF SPECIAL OFFICER (COMPLAINTS FROM RETIREES)

The Bank is receiving large number of complaints from retirees addressed to various functionaries on several issues and more often they are not promptly attended to,  resulting in dissatisfaction among the Pensioners.  With a view to resolving the Pensioners’ grievances expeditiously, the Bank has now designated a Special Officer in the rank of Assistant General Manager (his name and address is given below), exclusively to look into our complaints.  Our members are  requested to note this and send complaints to the designated officer henceforth.

 

  • Shri V.D. Deshpande,
  • Assistant General Manager and
  • Spl. Officer (Complaints from Retirees),
  • State Bank of India, PPG Department, Corporate Centre,
  • Madame Cama Road, Mumbai - 400021.
  • Phone: 022-22825136 & 022-22024617


                             LOAN SCHEME TO PENSIONERS AND FAMILY PENSIONERS

The Pensioners and Family Pensioners of SBI are eligible for Demand Loans on the following terms and conditions-

1.    Eligibility:

All Pensioners, not more than 72 years of age and all Family Pensioners, not more than 65 years of age and maintaining their pension account with the Bank, are eligible for the loan.

2.    Purpose.

To meet personal expenses.

3.    Loan Amount.

i)   Pensioner - Maximum of 12 months net pension with a ceiling of Rs.100,000.

ii)   Family Pensioner- maximum of 9 months net family pension with a ceiling of Rs 50,000. It has to be ensured that EMI does not exceed 25% of the net family pension drawn.

4.    Margin and Primary Security.

Nil

5.    Collateral Security.

i)   Pensioner- Third Party Guarantee of the spouse, eligible for Family Pension. In the absence of the spouse, guarantee of any other family member or a third party.

ii)   Family Pensioners-Third party guarantee of a person, who has been maintaining a satisfactorily conducted account with the Bank, preferably son/daughter of the Family Pensioner. However for loans upto Rs.25,000/- TPG is not necessary.

6.    Repayment.

i)   Those who have availed loan prior to completing 70 years of age- 60 monthly instalments.

ii)    Those who have availed loan between 70-72 years - 48 monthly instalments.

The deduction will start from pension payable one month after disbursement of loan.

7.   Type of Loan.

Demand loan.

8.   Rate of Interest

SBAR for the time being'

9.   Processing Fee.

Nil

10. Disbursement.

To credit to S.B account or Current account maintained at the pension paying branch.

11. Where to obtain the loan.

Branches maintaining pension accounts are authorised to sanction the loans.

12. Documentations.

i)     Application cum Authority letter.

ii)    D.P. Note made by the Pensioner in favour of guarantor and endorsed by the latter in favour of the Bank.

iii) D.P.Note, Take Delivery letter


                    RATES OF FAMILY PENSION

Family Pension has been revised w.e.f. 01.05.2005 as given below:.  The rate of dearness allowance will be as applicable to that of Pension.

 Those who have died/retired before 1.11.1993:

Scale of Pay                  Rate of Family Pension.             Minimum/Maximum

Upto Rs.1500 p.m.                     30%                              Min.  Rs.  375 p.m.

Rs.1501 to Rs.3000                   20%                              Min.  Rs.  450 p.m

Above Rs. 3000                   15%                     Min.  Rs.  600 p.m.                                                                                                                                                        Max. Rs.1250 p.m.

 Those who have died/retired from 1.11.1993  to 31.3.1998

Upto Rs.2870                            30%                              Min.  Rs.  720 p.m.

Rs.2871 to Rs.5740                   20%                              Min.  Rs.  860 p.m.

Above Rs.5740                          15%                              Min.  Rs.1150 p.m

                                                                                    Max. Rs.2400 p.m.

Those who have died/retired from 1.4.1998 to 31.10.2002              

 Upto Rs.4210                            30%                              Min.  Rs.1056 p.m.

Rs.4211 to Rs.8420                   20%                              Miin.  Rs.1262 p.m.

Above Rs.8420                          15%                              Min.  Rs.1687 p.m.

                                                                                    Max. Rs.3521 p.m.

 Those who have died/retired from 1.11.2002 and on or after 1.5.2005

Upto Rs.5720                            30%                              Min.  Rs.1435 p.m.

Rs.5721 to Rs.11440                  20%                              Min.  Rs.1715 p.m.

Above Rs.11440                         15%                              Min.  Rs.2292 p.m.

                                                                                    Max. Rs.4784 p.m.

Note: In the case of part time employees, the minimum and maximum amount of family pension shall be in proportion to the rate of scale wages drawn by the employees.

                               

                                   Designed Created and Managed by D. Muraleedhara Vadhyar, CRA 143, Chakkungal Road, Palarivattom, Kochi 682025