Professional Documents
Culture Documents
Canara Bank
Staff Training college , Bangalore
as the case may be. If no option is exercised within the stipulated period, the earlier option
will continue to be operative.
Permissible one way distance for 2 year block : 2500 KM for Sub staff , 2000 Km for
Non Sub Staff Permissible one way distance for 4 year block :5000 KM for Sub staff ,
4000 Km for Non Sub Staff LFC for travel to place of domicile is not encashable.
Wholly dependent family members : Monthly income should not exceeds Rs 10000 (
clubbed together ) Eligibility for sub staff : III AC by train , II class cabin by steamer
Eligibility for Non Sub Staff : II AC by train , I class cabin by steamer
Salary revision for officers employee 10th bipartite settlement ( Cir 342/2015 )
Basic of scale I/II/III/IV/V/VI/VII is Rs 23700/31705/42020/50030/59170/68680/76520
Stagnation Increment :
Scale I: Every three years of completed service. First two of Rs 1310 ,next two of Rs 1460 each
Scale II: Rs 1460. First three increments on every three years of completed service, fourth increment
on two
years of service from third such increment.
Scale III : Rs 1460. First four increments on every 3 years of completed service .Fifth increment in
two
years from fourth increment.
Scale IV : One stagnation increment of Rs 1650 ,three years after reaching the maximum .
HRA : 9/8/7 % in Group A /Group B and Goa /Other Places
CCA : 4 % of Basic ( Max Rs 870 ) in area I and Goa .3 % of Basic ( Max 600 ) in population of
five lakhs
and above ,state capital ,Chandigarh ,Puducherry and port blair .
Special Allowance: Scale I-III :7.75 % of basic +DA , Scale IV-V :10 % of basic + DA ,Scale VIVII:11 %
Medical Aid : JMG and MMG X Rs 8000 , SMG and TEG X Rs 9050
Recovery of House/furniture rent: 0.75 % /0.15 % of the first stage of scale of pay.
Deputation Allowance :
Outside Bank 7.75 % of basic ( Max Rs 4000 ) , Within Organisation : 4 % of basic ( Max Rs 2000
)
Hill & Fuel Allowance :
1000-1500 meter altitude :2 % of Pay ( Max 750 ) ,1500-3000 meter altitude : 2.5 % of Pay ( Max
1000 ),
3000 and above altitude : 5 % of Pay ( Max 2000)
Halting Allowance : Halting in Metro / Major A Class cities / Area I /Other Places
Scale I-III :1300/1100/950/800 , Scale IV-V :1500/1300/1100/950 , VI & above :
1800/1300/1100/950
LFC Encashment: Scale I-III X4500 km one way, Scale IV & above X5500 km one way.
Mid-academic year transfer allowance: Rs 1100/- p.m.
Compensation on transfer: Scale I-III X Rs 15000 , Scale IV & above X Rs 20000
Paternity Leave :Male officer employee with less than 2 surviving children are eligible for 15 days
paternity leave .It can be combined with any leave except CL .The leave shall be applied 15 days
before or
upto 6 months from date of delivery .
Canara Bank
Staff Training college , Bangalore
Maternity Leave: Maximum 6 months on one occasion and 12 months in entire service. Privilege
Leave: Can be accumulated upto 270 days, but encashment is restricted upto 240 days . Special
Sick Leave: Max 30 days and only once during service for donation of kidney/organ.
CLERKS
700
SUBSTAFF
500
>5 LACS
600
400
OTHER PLACES
450
250
population
Canara Bank
Staff Training college , Bangalore
Bank has entered into tieup with reputed hospitals by way of MOU. Cashless facility for
Hospitalisation will be extended by the Bank through the empanelled hospitals and it is a
benevolent Scheme for all the employees.
Group Personal Accident Insurance Policy for Employees ( Cir no. 508/2015 ) :
Renewed for one year from 01.09.15 to 31.08.16, Insurance cover ( In Lacs) for Sub staff
,PTE/Clerk, SPL/I/II,III/IV,V/VI,VII
1.Death in Rest of India : Rs 1.25 /1.5/3.00/4/6/7.00 Lacs
2.Death In J &K : Rs 1.50/ 3.00/ 5.00/5.00/ 9.50/9.50 Lacs
Canara Bank
Staff Training college , Bangalore
IBA Medical Insurance Scheme (cir 532/15, 538/15, 539/15, 545/15) : wef 01.06.2015 :
Medical Insurance Scheme has been introduced in our Bank with effect from 06.10.2015
The coverage under the insurance scheme is as under:
CADRE
INSURANCE COVER
Officers
Rs.4.00 lakhs
Clerical
Rs.3.00 lakhs
Sub-ordinate
Rs.3.00 lakhs
The scheme covers employee + spouse + dependent children + any two of
the dependent parents/ parents-in-law.
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
claim (online /offline) should be submitted to TPA within 30 days from date of discharge. Toll
free Number1800 425 52222
IBA Medical Insurance Scheme for Retirees ( cir 545/2015) : Following covers are not available to
retirees mediclaim policy 1.Maternity Expenses 2.Critical illness cover 3 Domicialaries Expenses
4.Corporate buffer 5.Dependents are not covered ( only employees + spouse)
IBA medical Insurance Scheme for the spouse of deceased employees who exited
Bank on account of death/VRS/SVRS/Superannuation ( Cir 539/2015)
Scheme can be extended (One Time Option) to Spouse of Retirees (not the dependent)
subject to payment of premium being borne by them. Option is available till 27.11.2015
Master policy has commenced from 01.11.2015 and is available till 31.10.2016
Optee has to authorize bank to debit his/her account (pension account only, if drawing pension
from Canara Bank). Bank will continue to act unless instruction otherwise is conveyed at least
one month before due date of payment of premium. Option would be treated as lapsed, in case
sufficient fund is not available. Annual premium payable is subject to change from time to time.
1.Spouse of deceased workmen employee : Sum Insured Rs 3 Lacs, Premium Rs 5621 (
4930+691) 2.Spouse of deceased officer employee: Sum Insured Rs 4 Lacs, Premium Rs
7494 (6573+921)
Canara Bank
Staff Training college , Bangalore
Amount deducted from salary being the DCPS contribution along with Matching
Contribution from the Bank is directly transferred to appropriate authority(Fund
Manager) for investment purpose.
INTRODUCTION OF NEW SCHEME FOR PROVIDING FURNITURE / FIXTURES TO THE
OFFICERS.(Cir 303/2013, 609/2013, 467/2014)
Eligibility: The scheme will be applicable to the Officers residing in Banks accommodation/
leased residence / residence owned by the Officers and / or residence taken by the Officers
on rent.
a) All confirmed Officers in Scale-I to Scale-VII are eligible.
b) Promotee Scale-I Officers on probation are eligible to avail the scheme.
c) Direct Recruit Probationary Officers (including Specialist Officers) who are posted to a
Branch/Office on regular posting during probation are eligible to avail the facility under the
scheme, subject to execution of the BOND for the total cost of the furniture items purchased.
Whereas, Direct Recruit Probationary Officers posted to different Branches / Offices for on
the Job training periodically are not eligible to avail the facility till their confirmation.
d) Officers on contract are not entitled to avail the facility under the scheme.
Monetary ceiling/limit fixed for purchase of furniture / fixtures in respect of various scales of
officers are as under :
Monetory Ceiling including taxes ( Rs. in
Scale
Lacs)
t
a
x
e
s
(
R1.00
s. InLacs)
JMGS
I
MMGS
II
1.75
& III
SMGS
IV
2.25
SMGS
3.00
TEGS
VI
4.25
TEGS
VII
4.50
Rs.300.00
JMG Scale I
Canara Bank
Staff Training college , Bangalore
MMG Scale - II
& III
Rs.400.00
SMG Scale - IV
&V
Rs.600.00
TEG Scale- VI
Rs.800.00
Rs.1000.00
CONDITIONS:
1. The reimbursement is permitted to Officers staying in the quarters allotted by the Bank
i.e. Bank owned quarters and Bank leased quarters. & also officers staying in the quarters on
personal lease basis at the same rate and terms and conditions (CIR 560/2014)
2. Reimbursement shall be made towards the cost of cleaning materials only.
3. The reimbursement shall be claimed before 10 th of the succeeding month & The
Officer will be responsible for proper upkeep of the quarters allotted by the Bank i.e. Bank
owned quarters and Bank leased quarters.
THE SANCTIONING AUTHORITY:
Senior Manager/Manager in charge of the branch/office and in
respect of VLBs/ELBs,
the
Senior Manager
A Upto Scale III
/Manager (Administration)
B Branch Heads
Self Sanctioning
Executives in Administrative
C Units
Concerned HRM Sections/HOSA Section
HRD MATTERS
Founders day celebrations on 19th November 2015 ( Cir 515/2015)
Action plan on Founders Day Celebration is as under:
1100 Crores disbursement under Agriculture, 50 Crores disbursement under Education
Loan
8.50 Crores DRI Linkage, 52 Crores SHG disbursement, 12 Crores PMJDY OD
sanction
INCENTIVE SCHEME FOR PERFORMANCE UNDER ATMS, PASSBOOK
UPDATION MACHINE (PUMS), CASH ACCEPTING MACHINE (CAMS), MOBILE
BANKING AND INTERNET BANKING. ( Cir 520/2015)
1. Cash Incentive Scheme for branches / Circles for performance under ATMs,
Passbook updation Machine (PUMs), Cash Accepting Machine (CAMs), Mobile Banking
and Internet Banking.
2. The contest period is from 1st NOVEMBER 2015 to 31st JANUARY 2016.
3. Branches are grouped Circle wise and Hits wise (A, B, C, D group) for the purpose of
awarding incentives. 4. Separate parameters for different group of branches for
awarding incentives.
Policy on mandatory leave & away from desk ( Cir 487/2015)
Officials have to compulsorily avail leave for at least 10 days in a single spell in each
calendar year. Training /deputation for 10 working days in a single spell will be treated
as mandatory leave for this purpose. Employees covered under be away from desk but
Canara Bank
Staff Training college , Bangalore
has not availed leave continuously for 2 to 3 days in a calendar year, the competent
authority may advise the employee to be away from desk for 3 continuous working days
each year.
EMPLOYEES IMPOSED WITH PUNISHMENT OF COMPULSORY RETIREMENT
ENCASHMENT OF PRIVILEGE LEAVE ( Cir no. : 445/2015)
Board of Directors vide orders dated 31.08.2015, have permitted for extending the
facility of Privilege Leave Encashment to both the officers & workmen employees
imposed with the punishment of Compulsory Retirement on or after 30.04.2015.
The facility is also available in cases where the punishment is modified to Compulsory
Retirement by the Appellate or Reviewing Authority, as the case may be on or after
30.04.2015.
SCHEME OF COMPASSIONATE APPOINTMENT. COVERAGE ( Cir 143/2015) wef
05.08.2014
To a dependent family member of a permanent employee of our
Bank who a) dies while in service (including death by suicide), b) has
retired on medical grounds due to incapacitation before reaching the
age of 55 years. {Incapacitation is to be certified by a duly appointed
Medical Board in a Government Medical college / Government District
Head Quarters Hospitals/ Panel of Doctors nominated by the Bank (i.e.
General Manager, Human Resources Wing) for the purpose.}, c) has
been missing and has left over service of more than two years.
For the purpose of the Scheme, employee would mean and include
only an employee appointed on a regular basis against permanent
vacancy, who was serving full time or part time on scale wages, at the
time of death/retirement on medical grounds, before reaching age of 55
years and does not include any one engaged on contract/temporary/
casual or any person who is paid on commission basis.
Cases of missing employees are also covered under the Scheme for
compassionate Appointment subject to the following conditions: A request to grant the benefit of compassionate appointment can be
considered only after a lapse of two years from the date from which
the Employee has been missing provided that;
An FIR to this effect has been lodged with the Police,
The missing person is not traceable, and
competent authority feels that the case is genuine.
This benefit will not be applicable to the case of an Employee; Who
had less than two years to retire on the date from which he has been
missing ; or Who is suspected to have committed fraud, or suspected
to have joined any terrorist organization or suspected to have gone
abroad. Compassionate appointment in the case of a missing employee also
will not be a matter of right as in the case of others and it will be subject to
fulfilment. of all the conditions, including the availability of vacancy, laid down
for such appointment under the scheme;
While considering such a request the results of the Police investigation will
also be taken into account.
The following documents are required in case of a missing Employee;
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
To put in place system, procedures & reduce risk to inculcate team spirit.
All employees of the Bank are eligible to participate.
Employees in O&M Section, Management Audit System, Inspection Wing
and their overseeing executives are not eligible.
Group of employees: Minimum 3 and Maximum 5.
Suggestion through e mail to: inspwingom@canarabank.com
Accepted Suggestions will be rewarded as follows:
Appreciation letters signed by DGM of the Circle/GM Personnel Wing
It will be noted in personal records
Cash awards X3,000/- & X5,000/- for individual and team respectively.
Names with photographs of the prize winners will be published
annually in Shreyas
Memo will be issued.
Annual Awards: 6 Best Suggestions : I X10,000/II X7,500/- &
III
X5,000/- and 3 consolation prizes : X3000/- each.
Special Award : adhoc by CMD for reduction in expenditure or in
preventing frauds.
Whistle blowing: It means reporting of irregular practices in any operational areas including
frauds and malpractices by an employee to higher authorities. Whistle blowing to be done to
any of the following: Vigilance department, HO; Executives in charge of HRM in CO;
Executives @ ZI // AGM @ Personnel wing, HO.
Brain Storming Session: Periodicity is quarterly. A corporate topic is debated at all levels by
involving a cross section of employees and valuable feedback gathered will help HO to
introduce new systems/ bringing changes in existing systems and procedures/schemes, etc.
Report should be sent to controlling office.
Study Circle: ~ Under this forum of Study Circle, important topics can be discussed like Time
Management, Stress Management, Yoga and Meditation, Taxation, Blood Donation, Basel II
norms, Quiz Program, etc. However, care to be taken to see that the topic chosen is
interesting one and kindle desire in the minds of employees and active their thinking process.
~ Periodicity of conducting study Circle meeting is once in 3 months in case of branch and
bi-monthly in CO.
~ Topics of banking/non-banking will be discussed by inviting a guest speaker who is well
versed with the topics.
~ Honorarium of ?200 can be paid in case of branch having staff strength of less than 50 and
?500 in case of CO/Branch having more than 50 staff strength.
Presentation of Milestone Awards(Cir 130/2000, 247/2011) :~ Wef February 1990. After
completion of 25 years of meritorious service
~ The award will be in the form of any one article, like wrist watch, silver, salver or any other
article of the officers choice.
~ The cost of the award should not exceed ?5000/- (Enhanced from earlier ?2000)
Canara Bank
Staff Training college , Bangalore
~ The enhancement shall become applicable in respect of all employees who become eligible
to receive the Award from 01/04/2011 onwards i.e., due for presentation from October
2011.
~ Debit to: General Charges-Staff Welfare Account and the bills will be lodged with the (third
copy) of the GC slip at the branch itself.
~ The award will be presented in the monthly staff meeting.
~ Award may be presented during the staff meeting of April / October Every Year
Exit Interview: Exit Interview is for employees who are retiring from the services of the
Bank on superannuation, resigning from the services of the Bank and those who have
opted for Voluntary Retirement. Exit Interview is to be conducted by a person a rank
higher than the retiring/resigning person
Incentive Scheme For Officers And Clerical Employees For Taking Up Post Graduate
/Certificate/ Diploma Courses- (Cir no.311/06, 256/2011, 271/2011,23/2012)
Canara Bank
Staff Training college , Bangalore
The Incentive will be awarded for purchase of Books / CDs etc., worth respective amount on
submission of Bills / Vouchers.
+ The above revised scheme comes into effect from 01- 04 -2015 and tenable till
31.3.2018.
PAYMENT OF EX-GRATIA:
The Bank 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. In such case the quantum of
exgratia shall be as under:QUANTUM OF EXGRATIA:
The exgratia amount shall be calculated @ 60% of the last drawn gross salary (net of taxes)
for each month of remaining service of the employee (i.e. up to the age of superannuation in
terms of extant service rules / conditions) at the time of his / her exit subject to the cadre-
Canara Bank
Staff Training college , Bangalore
BRANCH HEAD*
JMG SCALE I
Rs 6000/-
Rs 7000/-
MMG SCALE II
Rs 7000/-
Rs 8000/
Rs 8000/-
SCALE IV
Rs10000/-
Rs10000/-
RS 12000/-
RS 12000/-
SCALE VI
RS 20000/-
RS 20000/-
SCALE VII
RS 25000/-
RS 25000/-
SCALE
Rs
9000/-
Authorised Spokespersons:
~ Information regarding the Bank shall be disclosed externally to media, investors & analysts
only by the Authorized Spokespersons in accordance with the relevant internal policies.
Only the C & MD and the Executive Director/s shall speak on the Banks behalf on
Canara Bank
Staff Training college , Bangalore
MAXIMUM
ROOM
TARIFF
PERMISSIBLE
(EXCLUSIVE OF
ADMISSIBLE TAXES)
MAJOR
CLASS
CITIES
4* Hotel
26,800/3* Hotel
24,000/2*
Hotel 22,400/(Non AC)
1*
Hotel 21,600/(Non AC)
A AREA-I
OTHER
PLACES
23,400/
22,400/
21,600/
23,000/
22,000/
21,200/
21,200/
2800/
RENTAL CEILINGS FOR Scale I, II, III with effect from 01 07-2015 (Cir 340/2015)
Place / Centre
Classification
Delhi(Including
Gurgaon,
Ghaziabad)
& Mumbai
Bangalore,
Kolkata,
Hyderabad,
Secunderabad,
Chandigarh, Faridabad, Pune
Scale
2p.m.
&
20000
I Scale
II
2 p.m.
21000
Chennai,
Ahmedabad,
17000
17500
Noida
Scale
III
2 p.m.
22000
18000
Canara Bank
Staff Training college , Bangalore
13500
14000
All
State
Capitals,
Area-I
and 13000
places
with population
of 10
lacs
and above including Port Blair.
11500
12000
Other Places
in GOA
(Except
Panji, 11000
which falls
under the
category
of
State Capital)
Area-II
(Centres with population of 10000
10500
11000
1 lac and above but below 10 lacs)
Area III
(All other
Centres),
i.e. 6500
7000
7500
population below 1 lakh
1. In case Bank (owned / leased) quarters are available, the officer has to necessarily
occupy the same and shall not be entitled to claim rental reimbursement. Further, in
case a subsisting lease is prematurely terminated, even at the behest of the landlord,
such cases shall be permitted only by the Circle Head [by Head of G A Wing, HO in
respect of Officers in HO] after due diligence and duly ensuring that such termination of
lease is not for availing the benefit of the rental enhancement now permitted.
2. In respect of quarters of Officers / Managers / Sr. Managers working in Urban
Agglomeration of Cities the rental ceiling shall be as applicable to the respective cities.
3. The accommodation taken by the officers posted to the North East Region and falling
under the Government guidelines for two way quarters facility will continue to be
considered at 60% of the prevailing rates of rental reimbursement fixed at Area I to III
as revised from time to time.
I.
LODGING/HOSTEL/PAYING
GUEST
ACCOMMODATION
TO
OFFICER
EMPLOYEES:
1. The confirmed Officers may opt for staying in Lodge / Hostel / PG Accommodation
instead of availing full-fledged quarters subject to the condition that no Bank owned
quarters / Bank leased quarters are available at the Centre.
2. Similarly the POs who join the Bank hereinafter shall also be extended with the facility
to stay in Lodge / Hostel / PG Accommodation till they are on probation if the Bank is
unable to provide accommodation and may suitably opt to continue under this facility
or for quarters facility upon their confirmation.
3. The reimbursement, both for confirmed officer employees and for the POs joining
hereinafter, shall be fixed at 60% of rental reimbursement applicable to the place of
posting or the actual cost whichever is lower, subject to deduction of standard rent.
4. The reimbursement inclusive of tax as applicable shall be based on production of
proper receipt. However, it shall be exclusive of food charges, laundry charges,
electricity / water charges etc.
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
CMD
Policy
for
Employees:
For
Temporary/Partial/ Total disability
3,00,000/-
Rest
of
India
Not
applicable
- do -
Officers
Scale I
Officers
Scale II & III
Exes.
In
IV and V
Exes.
In
VI & VII
5,50,000/-
50,000/-
Sub-staff/PTE
in
300,000/-
(Cir
Jammu
Kashmir
1,50,000/-
&
Jammu
&
Kashmir
Not
applicable
- do 1,00,000/-
in
4,00,000/-
Scale-
6,00,000/-
Scale
7,00,000/-
1,00,000/9,50,000/-
2,00,000/-
2,00,000/-
Annual Performance Appraisal (APA) System For Officers in Scale I to VI(Memo No:
26/2013, 17/2015) Evaluation Will be under 3 broad parameters for Budgetary & 2 broad
parameter for non-budgetary.
Parameters
Business Dimensions
Qualitative spects of business
Managerial Dimensions
TOTAL
Marks
60
10
30
100
Canara Bank
Staff Training college , Bangalore
Sl
No.
i
)
i)
Marks
Parameters
Key Responsibility Area
Managerial Dimensions
TOTAL
50
50
100
Each broad parameter has sub parameters. Marks can be awarded in fractions upto 2
decimal points.
Matrix
90 to 100
75 to <
90
60 to <
75
40 to <
60
Below 40
All members of the staff will have to compulsorily avail leave for at least four continuous
days in each calendar year against leave standing to their credit and after obtaining
regular sanction thereof from the competent authority.
The branch head / Manager (Administration) shall ensure and confirm that the password
of the employee thus going on leave has been disabled during the period of leave.
The employees shall plan their leave taking in such a way that the same shall not affect
the smooth functioning of the branch/ office.
If any employee is not taking "4 days of Continuous " leave for any reason,
branches/offices instead of insisting the employee to go on leave, shall report names of
such employees to inspecting officials during the inspection of branch/office, who in turn
have to comprehensively examine the decision taken/transaction put by such employees.
The findings thereon shall be documented in a separate section of the Audit/Inspection
Report.
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
(e) Reduction to a lower stage in time scale of pay for a period of not exceeding 3 years,
without cumulative effect and not adversely affecting the officers pension.
Major Penalties:
(f) Save as provided for in (e) above, reduction to a lower stage in time scale of pay
for a specified period with further directions as to whether or not the officer will earn
increments of pay during the period of such reduction and whether on expiry of such
period the reduction will or will not have the effect of postponing the future increments of
his pay.
(g) Reduction to a lower grade or post
(h) Compulsory retirement
(i) Removal from service which shall not be a disqualification for future employment.
(j) Dismissal which shall ordinarily be a disqualification for future employment.
Canara Bank Officers Service & Regulations 1979 Regulation no & Details
15 Probation: Direct Recruit 2 years, Promoted officer 1 year
24 Medical Aid: May accumulate unavailed medical aid so as
not to exceed 3 times the maximum amount.
32 Casual Leave:
12
days in a year.
Availment maximum 4
days at a time.
Privilege Leave:
Eligible for PL of one day for every 11
days of
service on
duty. No
PL
may be
availed before
completion of 11 months of service on duty. Accumulation
of PL not more than 270 days except where leave has been
applied for and it has been refused. Notice of not less
than 15
days required
for
PL.
Encashment of
Privilege
Leave shall be restricted up to a maximum of 240 days.
34 Sick Leave: Eligible for
30
days sick
leave for
each
completed year of service, maximum 18 months or 540 days
on production of medical certificate. SL will be on half
pay payable, commutation of SL with full pay permissible.
35 Additional Sick Leave:
Eligible after completing 24 years
of service one month for each year of service in excess of 24 years subject to a maximum of 3
months.
36 Maternity
Leave: At
a
time
upto 6
months
on
any
occasion.
Not
more than 12
months
during the
entire
service.
37 Compulsory Availment of Leave: All members of the staff will have
to compulsorily avail
leave for at least four continuous
days in
each calendar
year
against leave standing to
their credit and
after obtaining
regular
sanction thereof from the competent authority.
Canara Bank
Staff Training college , Bangalore
concerned
sanctioning
stipulated
time as
automatically approve such leave
from the
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
c. Deficiencies have been pointed out and the proposal has NOT been recommended by
the recommending authority.
d. Deficiencies have NOT been pointed out and the proposal has been recommended by
the recommending authority.
In the circumstances described in (a) & (c), generally no accountability shall fall on the
concerned officials who had appraised processed/prepared/recommended the proposal.
However in the circumstances described in (b) & (d) above, accountability shall also be
fixed on the concerned officials who had appraised/processed/ prepared/recommended
the proposal.
Generally the accountability shall not be fixed in respect of decision taken by the Credit
Approval Committee or any other committee duly constituted by the Competent Authority,
except under the following cases like:
o frauds committed with the involvement/ connivance of the members of committee;
o decision influenced by personal/ vested interest;
o decision based on extraneous factors not relevant to the business interest of the bank;
o decision tainted with ulterior motive;
o decision which are not bonafide; and
o decision taken under influence/ pressure from outsiders, though such decision is not in
the interest of the bank and in violation/ deviation of the critical mandatory norms which
seriously affects the bank's interest.
In the cases like above the members of such committee shall be accountable collectively
as well as individually.
REIMBURSEMENT OF CONVEYANCE EXPENDITURE IN LIEU OF PROVISION
OF BANK'S CAR - CAR SCHEME FOR BRANCHES(Cir 271/2012)
1.a)
Designated Senior Managers of all ELBs are eligible.
b) Designated Senior Managers of VLBs/FDs, Managers/Senior Managers In- Charge of
Branches and Foreign Departments satisfying the eligibility norms
2. Persons officiating in the above posts, functional Managers in VLBs/ELBs/FDs, II line
Managers at branches and Managers/Senior Managers already provided with Banks car are
not eligible under the scheme.
3. Reimbursement of Conveyance expenditure shall be on monthly basis up to the
maximum distance specified, as detailed in the ANNEXURE, on submission of declaration
through HRMS package.
4.
In view of the introduction of reimbursement facility, no new car will be purchased by the
Bank for providing to the branches. The existing cars will be utilized in the following
manner.
a. Branches provided with Bank's car and which continue to be eligible under the scheme,
shall retain the car till their redeployment/disposal.
b. In case of branches losing eligibility, cars provided to them shall be redeployed to the
newly eligible branches provided such cars are not deployed otherwise/disposed as per
norms.
6. Eligibility as per the norms will be first worked out by respective Circle office basing on the
Business & Growth rate figures of branches as on last Friday of March and a note be placed
before GM/DGM, G A Wing, HO recommending retention/redeployment of cars/sanction of
reimbursement of conveyance.
Canara Bank
Staff Training college , Bangalore
7. Every year Circle office shall review the car eligibility position of the branches basing on
the figures as on last Friday of the preceding financial year and send the recommendations
to GM/DGM, G A Wing, Head Office.
Scheme for Reimbursement of Conveyance Expenses incurred by award staff in
discharge of their official duties(Cir 386/2013)
All the confirmed clerical and subordinate staff (Sub Staff & House Keeper Cum Peons)
owning a vehicle can claim the reimbursement under Petrol Limit on submission of bills
up to the following limit(in addition to the Transport Allowances as per provisions of
Bipartite Settlement):
Monthly Petrol Limit (Owning Consolidated
Category
Vehicle)
Amount per
month
in
Rs.(Not
vehicle)
Special Assistants
13
500
SWO( A&B)
10
400
300
owning
Canara Bank
Staff Training college , Bangalore
GENERAL BANKING
Demand Drafts
Canara Bank
Staff Training college , Bangalore
With the introduction of CTS 2010 STANDARD Single Colour DD (in place of 4
Colour DD), restriction of issue of DD for Rs.10 Lac by Rural/Semi Urban
branches stands removed.(Memo 75/2013)
Special assistants are authorised to sign DD upto `50,000/ DD for `1 Lac above should be signed jointly by two officers who are authorised
signatories
BS& CA Section, HO can permit issue of DD for `1 crore and above favouring
Commercial Bank, Financial Institutions, Central and State Government
Departments.
Cancelled DD are to be kept in file for verification by inspecting officer may be
effectively destroyed
DD for `1,000/- and above paid in cash and DD for `5,000.- received in
clearing/transfer should be screened in ultra violet lamp
Verification of DD by two officers for DDs of `1 lakh and above
Duplicate DD is issued within a fortnight from the receipt of such request
After 15 days interest payable to purchaser of DD at the rate applicable for the
Fixed deposit
Branches may obtain simple undertaking letter and issue Duplicate DD upto
`500/- in case of non account holders and upto `5,000/- in case of account
holders
DD is valid for 3 months (w.e.f. 01.04.2012) and can be revalidated within six
month from the date of issue.
Revalidation permitted only once and for 3 months.
DDs which have completed 6 months from the date of issue are not eligible for
validation.
Teller is permitted to issue DD against cash and transfer upto and inclusive of
`15000/ Account Payee Cheques: Banks may consider collecting Account Payee cheques
drawn for an amount not exceeding `50,000/- to the account of their Customers who are
Co-operative Credit Societies, if the payee/s of such cheques are the constituents of such
Credit Co-operative Societies. This relaxation will continue as hitherto, subject to the
conditions outlined in our Circular No. 373/2010 dated 03.11.2010. (Cir 337/2011)
~ Demand Drafts of `20,000/- and above should be issued with account payee crossing
only.
DD cancellation/Revalidation/duplicate issue charges: `100/- ,. If value of DD is less
`500/-, `20/- per instrument.
A flat charge of `20/-per D.D if the DD is taken for educational/examination purpose
subject to the DD amount
being maximum of `5000/-Irrespective of cash DD.
Above
`5000/-DD normal applicable DD charges apply.
All branches are required to pay DDs at their end itself (CBS Option 8310) and need not
send the instruments to Accounts Section/Drawee branches.(Cir 317/2011)
DD Drawn advice dispensed with.
Branch Manager can permit waiver of DD issuance charges for Current Account holders
maintaining monthly average balance of `1 Lakh and above in multiple of `1 lakh. Waiver
will be equivalent to average monthly balance in the preceding month.(Cir/381/2014)
DD drawing arrangement permitted to our RRBs on our branches/Offices (Cir
215/2010, 141/2013, 165/2014)
Canara Bank
Staff Training college , Bangalore
Our bank has permitted our RRBs to draw DDs on all the branches of Canara Bank in the
respective state of RRB functioning ie., Karnataka & Kerala.
A ceiling of `10.00 lakhs per DD, per Party, Per day is fixed to RRB branches for issue
of DDs on Canara Bank Branches/Offices.
The RRB branch to inform the drawee Branch of Sponsor Bank the full details of DDs
issued.
Raising of BAR on payment of RRB DDs on Nodal Branches is dispensed with as CBS
system will debit the DD amount online to the current account of RRB at Nodal branch
and ensure instantaneous reconciliation.
Pay Order ; Issue of PAY ORDERS is dispensed with, Bank can issue DD drawn on self,
payable at any other branch. Section 31 of RBI Act prohibits issue of Bankers Draft/pay
order payable to bearer on demand. PAY ORDERS ARE NOT COVERED BY SECTION 85 A
AND 131 A OF NI ACT. PAYORDER Branch Advice(Cir 193/2011, 559/2013): Branch
advices should not be issued for T20/- and less if the amount is meant to the credit of the
customer/employee. Printing of Branch Advice discontinued in CBS.
Bankers Account (HO Cir/648/2013)
Board of Directors have permitted DGM of the circles to permit branches to open Bankers
a/c
Branches can open other banks account after getting permission from MIPD, CO
Operations in Bankers a/c - Z50,000/- and below by one Power of Attorney holder and
above 250000/- jointly by two power of attorney holders
In case of single operations, branches to send copy of the pass sheet along with PRR 14.
Bankers balance shall be maintained at minimum level stipulated by respective banks
with tolerance level of 10% on the upper side in respect of banker's account maintained
for clearing purposes alone.
DGM/GM of the circle can permit/ratify transgressions in balance.
Excessive holdings would attract recovery of cost of funds from staff.
Absorption of usual service charges as per standard tariff plan of respective banks can
be permitted by branch-incharges.
Absorption of interest/penalties can be permitted by AGM (CO) & above.
CHEQUES WITH CTS SPECIFICATIONS (272/2011)
The salient features of cheque books as per CTS standard are hereunder.
i) Watermark in Cheque Paper : Presently all the cheque leaves used in our Bank are
having water mark with our Banks name in Hindi & English which can be seen either
in full or in part when held against any light source. Now in CTS, in addition to our
bank watermark, a standardized watermark, with the words CTS-INDIA will appear
in all the cheque leaves. This watermark will be in oval shape with diameter 2.6 to 3.0
cms. As such both the water marks ie., our Bank water mark and CTS water mark will
be available in all CTS cheque leaves which can be seen when held against any light
source.
ii. VOID pantograph: Pantograph with hidden/embedded VOID" feature shall
be included in all cheques. The feature will not be visible in scanned image at the
resolution specified in CTS but will be clearly visible in photocopies and scanned
colour images. This would act as a deterrent against colour photocopy or
scanned colour images of a cheque.
iii. Banks logo printed with invisible ink (ultra violet ink): Banks logo will be
printed in ultra violet (UV) ink on the top of the cheque, after the branch name. The logo
Canara Bank
Staff Training college , Bangalore
Issue of only 'CTS-2010' Standard Cheques to account holders with immediate effect.
Replacement of post dated non CTS-2010 standard cheques issued by borrowers with
CTS-2010 Standard Cheques for the purpose of repayment of loans.
Destruction of unused stock of non CTS-2010 standard cheques to be completed
positively before 31.12.2012.
No charges for CTS 2010 standard cheques to SB account holders for the first time as
per RBI directives dated 18.03.2013
For residual Non-CTS-2010 instruments, separate clearing session will be introduced
in the three CTS centers (Mumbai, Chennai and New Delhi) including PDCs and EMI
cheques.
Clearing arrangement for Non-CTS-2010 will be done away with in a phased manner.
Canara Bank
Staff Training college , Bangalore
Transmission of cash
Sub-staff upto `5000/
Upto `25000/- by a person not below the rank of clerk.
Above `25000/- by a person not below the rank of clerk and at least one more employee
to accompany him. For remittance upto `20 lakhs no armed guard.
Above `20 lakhs upto `50 lakhs should be accompanied by one armed guard
Above `50 lakhs , atleast two armed guards
Reporting of inward cash remittance weekly by way of enclosure to RBI
Small branch - `1 lakh and above
Medium branch - `5 lakh and above
Large branch `10 lakh and labove
VLB and ELB are exempted from this instructions
Insurance Cover for Money and Securities held at branches/offices `30 crores for the year
2014-15
Detection, Impounding, reporting of fake Notes and filing of FIRs (HO Cir 396/2014)
Each banknote, which, on examination of various security features /parameters, is
determined as a counterfeit one, shall be branded with a stamp COUNTERFEIT BANK
NOTE. For this purpose, a stamp with a uniform size of 5 cm x 5 cm may be used.
These Counterfeit Notes at branches (returned by police after investigation) should be
subjected to verification on a half yearly basis (on 31st March and 30th September) by
the Officer-in- Charge of the branch concerned. These Counterfeit Notes should be
preserved for a period of three years from the date of receipt from the police
authorities.
Counterfeit Currency Reports(396/2014):Branches and Currency Chests are required to
submit Counterfeit Currency Reports
(CCRs) within 7 days from the date of detection of counterfeit currency note/s.
Counterfeit currency detected in the soiled notes is also to be reported in the CCR.
Filing of FIR on detection of Forged / Counterfeit Notes above 4 pieces in a single
transactions is mandatory.
Withdrawal of Bank Notes issued prior to 2005(Cir 18/2014, 126/2014, 06/2015)
Canara Bank
Staff Training college , Bangalore
Withdrawal of bank notes issued prior to 2005 from circulation w.e.f 30-06-2015.
From 1st July 2015, exchange facility is to be provided to public for exchange of Bank
Notes until further communication from Reserve Bank of India.
Bank notes issued prior to 2005 do not have on them year of printing on the reverse side.
Branches are instructed not to re-issue such notes across the counter with immediate
effect.
Br anches to sor t such notes and r em itt ed t o Cur rency Chests.
Currency Chests to withdraw all notes issued prior to 2005 for onward transmission to
Reserve Bank of India.
Bank notes printed prior to 2005 continues to be legal tender.
Liberalized definition of Cut Notes & Soiled Notes (Cir.298/2010, 237/2011)
II. Single numbered notes `1/-, `2/- & `5/-: Note presented
should not be in more than two pieces. No essential feature of the note should be
missing and complete number should be available in an undivided area on one of the
pieces. Both the pieces should be of the same note.
II. Double numbered notes`10/-,`20/-,`50/-,`100/-,`500/-& `1000/-: The note presented
should not be in more than two pieces. No essential feature of the note should be
missing. Both the pieces should be of the same note. The above types of notes will be
treated as soiled notes and be kept along with soiled notes.
Mutilated Notes Presentation and Passing:
(Cir.298/2010,
237/2011): A mutilated note is a note of which a portion is missing or which is composed
of more than two pieces. Mutilated notes may be presented either at designated bank
branches of commercial banks. Mutilated notes so presented may be passed as per the
Rules framed under Reserve Bank of India (Note Refund) Rules2009.
Notes which have turned extremely brittle or badly burnt, charred or inseparably stuck
up together and, therefore, cannot withstand normal handling, shall not be accepted by
the branches for exchange. Instead, the holders may be advised to tender these notes to
the concerned Issue Office where they will be adjudicated under a Special Procedure.
Notes bearing PAY/PAID REJECT stamps should be rejected under Rule 6(2) of
Reserve Bank of India (Note Refund) Rules, 2009 and the tenderer should be advised that
the value of such (defective) note/s cannot be paid since the same has already been paid.
Notes bearing slogans / political messages: it ceases to be a legal tender and the
claim on such a note will be rejected. Deliberately Cut note: should be rejected under
Rule 6(3)ii of Reserve Bank of India (Note Refund) Rules, 2009.
Star Series Banknote:
RBI has adopted the STAR series numbering system for replacement of defectively
printed banknotes, at the printing presses. To begin with, this will be for banknotes of `10,
`20
and `50, `100 denomination. The Star series banknotes
are
exactly like the existing Mahatma Gandhi
Series banknotes,
but have an additional character viz., a *(star) in the number panel in the space
between the prefix and the number. The packets containing these banknotes will not,
therefore, have sequential serial numbers, but contain 100 banknotes, as usual. To
facilitate easy identification, the bands on such packets clearly indicate the presence of
these banknotes in the packet.
Commission In Respect Of Government Business (Cir 212/2012)
For Physical Receipts
`50
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
Z1 crore and above cheques issued by the party returned for more than 4 times: Bank can
refuse fresh cheque book + bank can consider closing Current Account.
Banks should disclose the following details in financial results as notes: 1.Customer
Complaints, 2.Awards Passed by Banking Ombudsman.
Where Lockers have remained un operated for more than 3 years for medium risk
customers and 1 year for high risk customer, banks should contact the customer and
advise him to operate or surrender the locker, even if rent is paid regularly. Banks
should incorporate a clause in the locker agreement that in case locker remain unoperated for more
than ONE YEAR,
the bank would have right to cancel the
allotment and open the locker, even if rent is paid regularly.
Time Limit for settlement of Death Claim: Not more than 15 days.
Banks are not required to open sealed/closed packets left with them for safe custody or
found in locker while releasing them to nominee/survivors.
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
The Reserve Bank of India has issued 100 denomination banknotes in Mahatma Gandhi
Series 2005 with a new numbering pattern. Now the numerals in both the number panels of
these banknotes will be in ascending size from left to right, while the first three alphanumeric
characters (prefix) will remain constant in size. Printing the numerals in ascending size is a
visible security feature in the banknotes so that the general public can easily distinguish a
counterfeit note from a genuine one. The design of banknotes with numerals in ascending size
is similar in all other respects to the current design of T100 banknotes in Mahatma Gandhi
Series 2005 except for the new numbering pattern. The banknotes will continue to have "T"
symbol on the obverse and the reverse, an inset letter 'R' in both the numbering panels, bear
the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of
printing '2015' printed on the reverse of the banknotes. The new numbering pattern will be
introduced in a phased manner in all other denominations.
NEW NUMBERING PATTERN
150/-
150/-
Canara Bank
Staff Training college , Bangalore
Charges
Deposit
Charges
Sevice
For Intercity
Of Cheques At
NIL
Hitherto, Cheque deposit at drawee centre (i.e Customer having an account in Chennai and
deposits a cheque of Bangalore in Bangalore branch ) was treated as Outstation cheque
collection and OSC charges were collected. The said transaction is treated now as local clearing
and OSC charges are waived for such transaction with immediate effect.
Service (Processing) charges for Local clearing:
(by
clearing Houses from Member Banks). The revised charges as advised by RBI are as under:
Clearing
at
CPCs
Cheque Truncation
Presenting Bank
MICR- 1.00
0.50
Drawee Bank
1.50
1.00
Collection of Transaction Fee from the Investors of Mutual Fund (Equity) Schemes with
effect from 01.10.2009 (Cir 347/09)
The Transaction Fee is to be collected as a percentage of Investment made by the
Investor under Mutual Fund equity schemes(Other than SIP/STP)
range (`) & total transaction fee to be
Investment
collected:
2
% + ST
Upto ` 1 Lac
`1 lac `
5 lacs
1.5
% + ST
`5 lac `
10 lacs
% + ST
0.5 % + ST
Above ` 10
lacs
Transaction Fee for Systematic Investment Plans /
Systematic Transfer Plans: One-time flat fee of ` 100 + applicable Service Tax.
The transaction fee is waived from 01.04.2011 to 31.03.2012.
Cir.31/2010
Since Canara Robeco Monthly Income Plan is treated as Debt Fund, the transaction fee
need not be collected from the Investors of the Mutual Fund under this scheme.
However, branches/ Investment Officers are required to collect the Transaction Fee and
applicable service tax in respect of other equity schemes of our Canara Robeco Mutual
Fund.
Service charges for return of instruments (cir 193/2013) Inward Clearing Cheque /Bill:
per instrument
SB: `250/-, `250/- , `250/(Urban, Rural Other than
Individual, Rural)
CA: Upto `1 lakh: `250/-, `250/-, `250/ CA: ` above 1 Lakh: `300/-, `300/-, `300/-. Outward clearing
instruments:
SB: `150/-, `150/-, `150/ CA/OD/OCC: `200/-, `200/- `200/-
Canara Bank
Staff Training college , Bangalore
09.00 hours
After
hours
After
hours
TRANSACTION TIME
FROM
TO
12.00
15.30
12.00
hours
15.30
hours
16.30
hours
CHARGES
Rs.2-5
Lakh
Rs:
25.00
Rs:
26.00
Rs:
30.00
CHARGES
>Rs.5
Lakh
Rs:
50.00
Rs:
51.00
Rs:
55.00
Canara Bank
Staff Training college , Bangalore
escrow account.
All new agreements entered into by branches (including renewals)
for maintaining/ operating escrow accounts of entities issuing
Prepaid Payment Instruments shall incorporate the exclusive clause,
as prescribed by RBI, on the charge of the holders of the prepaid
payment instruments and / or the merchant establishments on the
amount lying in the escrow account
NO interest is payable by the bank on such balances. As an
exception to the this, the entity can enter into agreement with the
bank where escrow account is maintained, to transfer core
portion, of the amount in the escrow account to separate account
on which interest is payable
This facility is permissible to persons who have been in business for
at least ONE YEAR and whose accounts have been duly audited for
the full accounting year.
NO LOAN is permissible against such deposits. Banks shall not issue
any deposit receipts or mark any lien for the amount held in such
form of deposits.
Canara Bank
Staff Training college , Bangalore
continues.(271FA of IT Act)
If a person fails to furnish return of Income: Penalty of `5000/- (271F of IT act)
Non deduction of Tax(TDS) on Deposit Interest : Bank shall be assessee in default. Pay
simple interest for the delayed period at 18% per annum for non deduction/non payment to
Govt.(cir 228/2010)
Failure to pay Tax :Sec 276(B) of IT Act: Imprisonment : 3months to 7 years.
Delay in filing TDS return:
`200/- per day and interest
@1.5% per month or part thereof.
Penalty for furnishing incorrect information in e-TDS return -Rs 10,000(minimum) to
Rs.1,00,000 (maximum)(Cir 177/2012)
Non compliance of Provision of PAN : `10,000/- penalty
Delay in deposit of service tax: Interest @13% pa + penalty of `200/- per day or 2% per
month of tax liability, whichever is higher. Maximum equal to service tax.
Delay in filing service tax return: `2000/- late fee.
New Section 206 AA of IT Act (Cir 417/09):
Mentioning PAN number mandatory. Otherwise, TDS @20% will be deducted.
Effective from 01.04.2010 onwards.
Banks should not accept 15G/15H without PAN number
Obtaining/possessing more than one PAN is against the law and may attract a penalty
upto `10,000
Tax Deduction and Collection Account Number (TAN) (Cir 418/09)
TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number
required to be obtained by all persons who are responsible for deducting or collecting tax
Failure to apply for TAN or not quoting the same in the specified documents attracts a
penalty of `10,000.
Furnishing Of Quarterly Return In Respect Of Payment Of Interest To Residents Without
Deduction Of Tax At Source 26QAA (Cir 312/09)
Threshold limit enhanced to `10,000/- wef 01-06-2007
Due dates : 7th July (June return), Oct (Sept Return), Jan(Dec Return), Jun(for March Return)
For failure to file quarterly return within due date, a penalty of 2100 for every day during
which the failure continues will be levied.
NO DEDUCTION OF TAX AT SOURCE(Cir 17/2013)
WEF-01.01.2013 No deduction of tax(TDS) shall be made on the payments of the nature
specified below, in case such payment is made by a person to a Scheduled bank (excluding
a foreign bank),
a) Bank guarantee commission;
b) Cash management service charges;
c) Depository charges on maintenance of DEMAT accounts;
d) Charges for warehousing services for commodities;
e) Underwriting service charges;
f) Clearing charges (MICR charges);
g) Credit card or debit card commission for transaction between the merchant
establishment and acquirer bank
TDS @ 1% on sale of Immovable Property (Cir 382/2013)
Canara Bank
Staff Training college , Bangalore
As per the Finance Bill of 2013, TDS is applicable on sale of immovable property (other
than rural agricultural land) wherein the sale consideration of the immovable property is
Rs 50, 00,000 (Rupees Fifty Lakhs) or more. For all such sale transactions with effect
from June 1, 2013, Tax @ 1% of sale consideration should be deducted by the
purchaser of the property at the time of making payment of sale consideration to the
seller [Sec 194 IA of the Income Tax Act, 1961].
For remitting this TDS amount, the purchaser of the property mandatorily has to
furnish the information regarding the property transaction online on the NSDL-TIN
website (www.tin-nsdl.com).
General Charges(Cir 177/2008, 309/2010, 318/2010, 21/2011)
Revenue Powers Delegated To Various Authorities Other Than Premises, Computers,
Printing & Stationery (Cir.309/2010 wef 28.8.2010)
1.
2.
3.
4.
5.
6.
7.
8.
9.
Sr. Manager/ Manager of P & PR Section & Premises Section, HO/Cos `10000
10. Sr. Manager/ Managers in Admn. Units other than premises Section Cos/HO `2,500
11. Sr. Manager in ELBs / FDs/ VLBs
`1,500
12. Sr. Managers/ Managers heading branches and services units like Accounts Section,
Clearing Section, Currency Chest, RSTCs , F & I Section etc `1000
13. II line Managers in all branches incl. Scale III Mgr and faculties `1,000
14. Scale I Managers heading branches `1,000
Delegated Revenue Powers Regarding Premises Matters (Cir.21/2011 wef 22.01.2011)
1.
C & MD `50,00,000/////
E D `30,00,000/2.
GM/ DGM heading GA Wing `15,00,000
3.
GM heading Circle `15,00,000
4.
DGM heading Circle `7,50,000
5.
DGM CO `7,50,000/- ////
AGM Circle Head `2,00,000/6.
DGM (Branches) AGM CO / AGM GA Wing `50,000
7.
AGM ( Branches) `35,000/////
DM / CM
`20,000/8.
Sr. Manager/ Manager of Premises Section, HO/Cos `10000
9.
Sr. Manager/ Managers in Admn. Units other than premises Section Cos/HO `5000
10. Sr. Manager in ELBs / FDs/ VLBs `2200
11. Sr. Managers/ Managers heading branches and services units like Accounts Section,
Clearing Section, Currency Chest, RSTCs , F & I Section etc `1500
12. II line Managers in all branches incl. Scale III Mgr and faculty of STC/ RSTCs `1000
13. Scale I Managers heading branches `1000
The powers to permit Revenue Expenditure for the works relating to provision of false ceiling,
wall paneling, supply of carpets, curtains, vinyl / PVC marble floorings are delegated to the
Executives of scale V and above of the controlling office. The branch officials should not
Canara Bank
Staff Training college , Bangalore
LEGAL EXPENSES: Branches can approve advocates bills in respect of all claim amounts if
paid as per CO fee schedule.
ADVOCATE FEE in DRT matters:
1% of the claim amount with
minimum `12,500/- and maximum `30,000/-.(Max- Rs.50000/- in Metro)
Local Purchase Of Stationery Limits per annum (Cir.318/2010)
Where
the total
income does NIL
not exceed ` 2,50,000/Where
the
total
income 10%
of the amount by which the
exceeds `.2,50,000/but does not total income exceeds `2,50,000/exceed `5,00,000/Where the total
income exceeds`25000- plus 20% of the amount by
`5,00,000/but
does not exceedwhich the total income exceeds
`5,00,000/`10,00,000/Where the total
income exceeds `1,25,000/- Plus 30% of the amount by
which the total income exceeds
`10,00,000/`10,00,000/All resident individuals born during 01.04.1935 and 31.03.1955 ( Senior Citizen)
Total Income
Tax Rate
Canara Bank
Staff Training college , Bangalore
Where
the total
income does NIL
not exceed ` 3,00,000/Where the
total
income exceeds 10% of the amount by which the total
`3,00,000/but does not exceedincome exceeds `3,00,000/`5,00,000/Where the
total
income exceeds`20000/- plus 20% of the amount by
`5,00,000/but does not exceedwhich the total income exceeds
`5,00,000/`10,00,000/Where the
total
income exceeds`120000/- Plus 30% of the amount by
`10,00,000/which the total income exceeds
`10,00,000/All resident individuals born before 01.04.1935 (Super Senior Citizen )
Total Income
Where
the total
income
does
not exceed ` 5,00,000/Where the total
income exceeds
`5,00,000/- but does not exceed
`10,00,000/Where the total
income exceeds
`10,00,000/-
Tax Rate
NIL
20% of the amount by which the total
income exceeds `5,00,000/`1,00,000/- Plus 30% of the amount by
which the total income exceeds
`10,00,000/-
Income Tax Surcharge: For all the above categories, if total income
exceeds Rs 1 crore, 12% of surcharge on Income tax has to be added.
However, the amount of Surcharge shall not exceed the amount by which the
individuals total income exceeds Rs 1 crore and if surcharge so arrived
at, exceeds such amount (Employees total income minus one crore)
then it will be restricted to the amount of total income minus Rupees
one crore.
EDUCATION CESS & SECONDARY & HIGHER EDUCATION CESS: Edu.
Cess of 2% & Secondary & Higher Edu. Cess of 1% has to be added on
Income tax & surcharge, if any.
REBATE UNDER SECTION 87A: A resident Individual (whose net income
does not exceed `5,00,000) can avail rebate (deductible from Income Tax
before education cess) under section 87A amounting to 100% of Income
Tax or `2,000,whichever is less.
Canara Bank
Staff Training college , Bangalore
249/- Rs.180
449/- Rs.270
(Assisted)
699/- Rs.
Tax Spanner is offering above packages for giving expert advice and income analysis for
filing returns. The Bank is entitled to get 50% of the commission on the fee .
Prevention of Accidental Firing of Gun(cir 229/2008)
Armed guard should attend one training programme in a year. There should NOT be a
gap of more than 15 months between 2 trainings.
Guns which are 10 years old are to be inspected and should be serviced once in 6
months.
More than 20 years old Guns should be replaced.
Burglar alarm system. (cir 286/2008)
Branch managers should check the burglar alarm system DAILY for serviceability and
set the appropriate mode.
Canara Bank
Staff Training college , Bangalore
Scheme of Incentives And Penalties For Bank Branches Including Currency Chests
Based On The Performance In Rendering Customer Service To Members Of Public
(Cir NO.267/2008 & 203/2010, 296/2010, 5/2011, 236/2011,
205/2012, 327/2013, 395/2014, 47/2015)
Non functioning of CCTV in Currency Chest: Fine by RBI
`5000/- for first time and `10,000/- in case of repetition
Non acceptance of small denominations remitted by Public, Refusal to accept soiled
notes remitted by public: Penalty by RBI `10,000/-. `5 lakhs penalty in case there are
more than 5 violations by the branch. The same will be placed in public domain.
Opening of and maintaining currency chests at centers having population of less than 1
lakh in under banked States: Capital Cost: : Reimbursement of 50% of capital
expenditure
subject to a ceiling of Z50 lakh per currency chest. In the north Eastern region up to
100% of capital expenditure is eligible for reimbursement subject to the ceiling of Z50
lakh.
Revenue Cost: Reimbursement of 50% of revenue expenditure for the first 3 years.
In the North Eastern region 50% of revenue expenditure will be reimbursed for the
first 5 years.
Incentive for establishing Coin Vending Machine: Capital cost: Urban / Metro / centres
50% ; Rural / Semi Urban centres 75% + Operational cost @ Z25 per bag.
The Incentive Amount received from RBI towards reimbursement of capital cost of
machinery / equipment should be credited to Furniture & Bills Section, GA Wing, HO,
instead of crediting to Commission Account GL 320020110.(47/2015)
Exchange of soiled notes- Rs.2/- per packet for exchange of soiled notes in
denominations up to Rs.50/-(Cir 396/2013)
All soiled note remittances sent to Reserve Bank of India to be packed by SHRINK
WRAPPING 1000 PIECES in a bundle instead of packing 10 packets of 100 pieces in a
bundle as is being done at present.
Currency Chests are required to submit their claims for incentives at the end of each
Canara Bank
Staff Training college , Bangalore
calendar quarter through their link offices. The quarterly claims for incentives should be
duly verified and certified by the Auditors / Internal Inspectors and should reach the Issue
Department of Reserve Bank of India through their link offices with in 30 days. In the
case of distribution of coin, incentives will be paid on the basis of net-withdrawal from
Currency Chest, without waiting for claims from banks.
Detection and Reporting of Counterfeit Notes Introduction of Compensations and
Penalties (Cir 396/2014)
Failure to impound Counterfeit notes will be treated as wilful involvement of the official
concerned in circulation of such notes and penalty imposed by Reserve Bank of India.
Compensate the Banks 25% of the loss incurred in respect of counterfeit notes of Rs 100
and above detected by them and reported to RBI / Police Authorities w.e.f. 1st July 2013
.
Claims for compensation should be made through the Forged Note Vigilance Cell of the
banks in the prescribed format (Annex V) on a monthly basis through email within fifteen
days of the succeeding month.
Reimbursement will be done by RBI, Department of Currency Management, to begin
with, on a quarterly basis.
A review of the above system will be conducted after one year. Examination of Banknotes
before Issuing over Counters, Feeding ATMs and Remitting to Issue Offices of
Reserve Bank: (Cir.295 / 2010, 161/2012)
All notes of 2100 and above are processed through machines conforming to Note
Authentication and Fitness Sorting Parameters prescribed by RBI from time to time,
before issuing them over the counters or through ATMs.
Each banknote which is determined as a counterfeit one, shall be branded with a stamp
COUNTERFEIT BANKNOTE. For this purpose, a stamp with a uniform size of 5 cm x 5
cm with the following inscription may be used. COUNTERFEIT BANKNOTE
IMPOUNDED.
Preservation of Counterfeit Notes Received from Police Authorities: (Cir.295/2010)
Canara Bank
Staff Training college , Bangalore
In order to have effective control and monitoring the grievance redressal mechanism, in
single software, suitable integrated software is the need of the hour.
It is internet based online Public Grievance and Redressal System with a facility to track
the status online by our customers/general public.
DIT Wing has enabled web based package in SINGLE AUTHENTICATION SERVICE
(SAS) for the use of HO/CO/Branch users to view/update the interim reply/action taken in
the various stages involved in the subject system. The same has been enabled in the
website (www.canarabank.com) of the Bank for general public for registering complaints.
Canara Vidya Jyothi Scheme(250/2013, 696/2014)
A Corporate Social Responsibility (CSR) Initiative
As a humble homage to Bharat Ratna Dr B R Ambedkar and to encourage education, a
scheme of extending financial assistance to SC/ST girl students from rural area named
as Canara Vidya Jyothi Scheme is launched under Corporate Social Responsibility
(CSR) Initiative.Each rural branch of the Bank to extend financial assistance to six girl
students of their command area.
Eligibility Criteria
One Student from each of the class from 5th Standard to 10th Standard.
Students studying in Government School within the command area of the Branch.
Students from BPL family.
From SC/ST community.
Should be the highest scorer in the immediate preceding class among SC/ST girl
students.
Amount of Assistance
~ Rs 2500 per student per year for students of class 5TH to class 7TH
Rs 5000 per student per year for students of class 8TH to class 10TH
On approval by the concerned Circle Head the scholarship amount will be released by
the branches by debiting to
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
ANSWERS :
1b
2b
3 a
4 a
5 a
6 e
7 a 8 b
9 e
Canara Bank
Staff Training college , Bangalore
13) As per revised limits for Local purchase of Stationery items by branches, branches can
purchase any general item for branch use with per item cost not more than Rs.
a) Rs.50/- b) Rs.100/- c) Rs.150/- d) Rs.200/- e) Rs.500/14) Staff Meeting Expenses per person is - a) Rs.5/- b) Rs.6/- c) Rs.10/- d) Rs.4 /- e)
None
15) No service charges are to be levied to staff in respect of
b) AWB/CBS servcies for intracity transaction, b) RTGS/NEFT transaction, c) Internet
Banking
d) a & b above e) all a, b and c above
16) Substaffs are eligible to take up following Delphi Course for a)Foundation
Course
b)Development Course , c) Specialised course, d) a & b above, e) all a, b and c above
17) Cash Incentive for completing foundation course is - a) Rs.1000/- b) Rs.2000/c) Rs.3000/- d) Rs.5000/- e) No ceiling
HRD / STAFF MATTERS (ANSWERS)
1
2
3
4
5
6
7
8
9
10
b
a
b
a
c
a
a
c
b
b
11
12
13
14
15
16
17
b
b
d
c
e
a
a
OFFICIAL LANGUAGE
Official Language Act 1963 (amended in 1967) and Official Language Rules govern the use of
Hindi in public sector banks (and not the private sector banks). Hindi was accepted as official
language in India, on Sept 14, 1949.
Monitoring of progress : Monitoring is done by Deptt. of Banking Operations and
Development. Classification of Regions : Various States/UTs have been categorized into 3
regions:
Region-A : HP, Haryana, Rajsthanm MP, Bihar, UP, Uttrakhand, Jharkhand, Chattisgarh, UT
of Delhi, Andaman & Nikobar Island
Region-B : Maharashtra, Gujarat, Punjab & UT Chandigarh.
Region-C: All other remaining States & UTs.
Display of Boards:
All sign boards, counter boards, Bank name board, other boards, placard etc. should be in
Hindi, besides English.
Banks to display notice boards. at branches in Hindi speaking areas to the effect that forms
etc. filled in Hindi are entertained.
Name/designations boards of offices,
departments, divisions and officials of the banks to be displayed bilingually in offices in
Region A & B.
Official Language Implementation Committee:
OLIC should be set up at the HQs, offices and branches of banks. Branch Manager to be exofficio chairman of the committee. Hindi Officer and in his absence any other officer, to be
secretary and other members from different sections. Committee to meet once in a quarter.
OLIC meeting convened by RBI to be attended by officials at Senior levels.
Hindi divas - To be observed on Sept 14. Reply to letters in received in Hindi
Canara Bank
Staff Training college , Bangalore
Under Rule 5, Letters received in Hindi to be replied in Hindi All Regions A,B&C uniformly 100% Preparation of bilingual training material All Regions A,B&C uniformly - 100%
Original correspondence in Hindi
Region "A"
Region "B"
Region "C"
From
From
From
1. "A" to "A" - 100%
1. "B" to "A" - 90%
1. "C" to "A" - 55%
2. "A" to "B" - 100%
2. "B" to "B" - 90%
2. "C" to "B" - 55%
3. "B" to "C" - 55%
3. "C" to "C" - 55%
3. "A" to "C" - 65%
TEST YOURSELF
01 Official language policy came in force with effect from which of the following dates:
a Aug 16, 1947
b
Sept 14, 1947 c Jan 26, 1947 d
Jan 26, 1950 e Aug 16,
1950
02 Hindi has been adopted as Official Language of the Union of India as a result of which of the
following: a unanimous vote
b
majority vote c golden vote d
Speaker's
vote
e President's vote
03 Which guidelines of Official Language Act make it obligatory for a person to reply in Hindi
only, if letter is received in Hindi?
a Rule 5 of Official Language Rules b Rule 6 of Official Language Guidelines c Article 7
of Official Language Act d Rule 10 (c) of Official Language Act e. It is not required.
04 Hindi became Official Language and the policy became effective with effect from the
following date:
a August 15, 1947 b August 15, 1950 , c January 16, 1950 d January 26, 1950 , e.January
26, 1975
05 On which of the-following dates, Hindi was declared Official Language of the Union?
a January 26, 1949 b August 15, 1950, c September 14, 1949 d January 26, 1956
e August 15, 1957
06 Which among the following is considered as 'working knowledge' of Official Language?
a Hindi as a subject in Matriculation examination, b Hindi as a subject up to Middle
Standard examination ,c Hindi as mother tongue , d If one could understand Hindi
e If one could read, speak and understand Hindi
07 What is script of the Official Language in India: a Hindi
b
Gurmukhi
c Devnagri
d
Sanskrit e Gujarati
08 Which among the following languages is used for transaction of business in Parliament in
India:
a Only Hindi
b
Only English c Hindi or English d Hindi and English e. all the above
09 The Official Language Policy of the Govt. is applicable to :
a All govt. establishments whether of the State Govt. or Central Govt. b All Central Govt.
offices
c All Central Govt. oraanisations which are owned and controlled by the Central Govt.
d State public undertakings e.Central govt. undertakings
10 The responsibility of implementation and compliance of Official Language Policy of Govt. of
India lies with: a Central Govt. b State Govt. c Ministry of Education d Administrative
Heads of the concerned department e. Ministry of Human Resources
11 According to the provisions of Official Language Rules 1976, under which of the following
region, does the State of Gujarat falls: a Region A b Region 13, c Region C d Region D e
Region E
ANSWERS : 01 d, 02 a ,03 d,04 c, 05 c 06 a 07 c, 08 d, 09 c, 10d ,11 b
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
23.
24.
25.
26.
Under Rule 5, Letters received in Hindi to be replied in Hindi All Regions A,B&C
uniformly - 100%
Preparation of bilingual training material All Regions A,B&C uniformly - 100%
Purchase of all electronic equipments, including computers in bilingual form All
Regions A,B&C uniformly -100%
Website All Regions A,B&C uniformly -100% (bilingual)
Citizen Charter and display of Public interface information Board All Regions
A,B&C uniformly - 100% (bilingual)
Inspection of Subordinate Branches / Offices (% of Offices) All Regions A,B&C
uniformly - 25% (minimum)
Inspection of Sections at Head Office /Circle Office All Regions A,B&C uniformly 25% (minimum)
Translation of Codes, Manuals, forms, procedural literature - All Regions A,B&C
uniformly- 100%
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
PSR 77 Kisan Credit Card Scheme progress report, PPF return, Follow of a
leave ( April / July / Oct / Jan ).
Quarterly Last Friday: PRR 33A - LPD Accounts, PSR 22 Applications received
for advances to Priority Sectors, PSR 7 Priority Sector Advances to Minority
communities, PSR 26 financial Assistance to Women beneficiaries, PSR 80
Performance under newly introduced Scheme of Priority Sector, DICGC Claims, PSR
43 : Export Credit Statement, PSR 23 A Advances to Priority Sector and SC/ST
Half yearly as on last working day of December and June : PRR 8 - Progress
report stmt on credit review and programming,PRR 12 : Statement on Expiry date
of loan Papers.
Half yearly last day Sept and March :PRR 22 Position of Safe Deposit Lockers,
STR 28 - Foreign Contribution Regulation Act, STR 32 Remittance of Income /
Interest allow to NRI /OCBs on deposits/Investment held by them on Non
repatriation basis and submitted to Regional office of RBI on half yearly basis, PRR
10 Expenses on Vehicles, Quick Mortality Progress Report Part B
Half yearly last Friday March and September: PRR 33C - LPD Accounts sector
wise.
STR 20- Recovery performance under Govt Sponsored Schemes.
Half yearly ie on 20th Feb and 20th August and also duri ng Risk Based Internal Audit
(RBIA),
Yearly Last Friday of June :PSR 21- Special Return of advances to priority sector,
Agriculture, Weaker Section (part A & B ), PSR 29 Agriculture Loan return
30th June and 31st Dec every year : PRR 35 - Liability on account of Bills
discounted by us and which are co-accepted by other Banks.
Yearly last working day of September - STR 19 Deposit Insurance Return
31st December each year - Identification of Training need.
Yearly Last Friday of March STR 13 DIR Scheme, PSR 23 : Advances to
Priority Sector
Special Watch list accounts: - To ensure validation of data uploaded to CRILC, IT
has been decided to synchronize drawing of SWL statements on every Friday of the
week and last day of the month instead of 7th, 15th, 22nd as has been done hitherto.
( Cir 363/2015)
Quick mortality Statement Quarterly statement for accounts become NPA within
12months for accounts with liability of Rs. 5 lacs and above.
Business continuity Plan (254/2011) : Branch has been pr ovided with previous day
EOD position of CASA Balancing report on daily basis in CBS Reports Portal
(http://cbsreports)
under
the
link
,http://cbsreports/CASA_Balancing_Business_Continuity, Now previous day EOD
position CASA Balancing Report are forwarded to the respective branches through e mail with effective from 6/7/2011 onwards.
Canara Bank
Staff Training college , Bangalore
Home Loan
Car Loan
Housing Loan for HNI customers
Housing Loan for NRI customers
2. Change of Mobile Numbers used for Missed Call Alert Services ( 465/2016)
S.No. New V MN
Service
1. 0 9015 483 483
To Enquire the Balance
2. 0 9015 734 734
To Enquire the last 5 Transactions
3. 0 9015 613 613
To Enquire the last 5 Transactions in Hindi
4. 0 9015 637 637
Home Loan Enquiry
5. 0 9015 642 642
Car Loan Enquiry
6. 0 9015 257 257
Home Loan for HNI Customers
7. 0 9015 778 668
Home Loan for NRI Customers
Submission of NEW Form 15G/15H Modified Procedure ( Cir 550/2015 )
Hitherto, Branches are obtaining Form15G/15H in triplicate.
New procedure for obtention of 15G and 15H and marking of waiver in CBS.
1. Formats of Form 15G/15H are modified. The new formats are given in the annexure I
and II.
The new modified forms are to be obtained with effect from 1st October 2015.
2. Declaration by person claiming receipt of certain incomes without deduction of tax
can submit in the New forms 15G/15H in any of the following manners:
Canara Bank
Staff Training college , Bangalore
In paper form
Electronically in accordance with the procedures which will be informed after
notification. Till such time, Form 15G/H to be obtained in paper form.
3. Branches have to allot a Unique Identification Number to each declaration during
every quarter and furnish the particulars of declaration received during any quarter
along with unique identification number allotted to Income Tax authorities in their
Quarterly return.Here after, declarations obtained should not be submitted to the IT
authorities but to be preserved for 7 years from at the end of financial year in which
declaration 15G/15H received. Income Tax authorities may call for these declarations
for verification by quoting the Unique Identification Number. Separate serial of Unique
Identification Number (UIN) are to be given for Form 15G and Form 15H.System
generated Unique Identification Number will be enabled, shortly. Till such time Branches
have to allot serial number in the DPCDQQYYFXXXXX format. Here DPCD is 4 digit DP
Code of the branch, QQ is Q1/Q2/Q3/Q4, YY is financial year, F is G or H (G is for form
15G and H is for Form 15H) and XXXXX is 5 digit serial number starting with 00001.
For example, the DP Code of the branch is 0413 and the Quarter is second quarter of
the financial year 2015-16 during which customer has submitted for 15G and the serial
number is 00001. Then the unique identification number will be 0413Q215G000001.
Electronic submission of Form 15G/15H will be enabled by our DIT in due course after
notification of procedure by the CBDT. The modified formats are available in the
Business Objects under Report No 170088 for 15G and 170089 for 15H. The extraction
of details of form 15G and 15H and UIN etc., will be done centrally for each TAN.
15G/15H records are valid only when actually obtained and fed in CBS.
Submission of Form 14 by the family pensioner after the death of the
pensioner ( Cir 581/2015 )
In case if the pension is not credited to the joint account of the pensioner and his/her
spouse, Form 14 will be continued to be obtained by the banks. However, the condition
of attestation of Form 14 has been done away with and witnessing by two persons has
been considered as sufficient.
Complaint Register / Complaint Box ( Cir 588/2015 )
Complaint box and a Complaint Register to be maintained at all our branches.
Whenever the customers have any grievances, generally they approach the branches to
redress their queries. The complaint letter given by the customers are to be registered
in the register. The acknowledgement has to be given by the branch to the customer
with the inward number of the complaint. After the complaint is received by the branch
may redress the same at their level. In case if the same has to be referred to Circle /
HO, the complaint can be scanned and sent to customer service section, Circle and
Customer Service Section, Head Office (hocss1@canarabank.com ) for doing the
needful. The complaints are to be registered in the portal called CPGRS (Canara Public
Grievance Redressal System). The details of the CPGRS are furnished in Annexure I.
The format of the complaint register is furnished in Annexure-II. The Circle may call for
the details of the complaints on a monthly basis in the format furnished in Annexure-III.
After the receipt of the complaint, the Circle may verify the same in CPGRS. If the
branches are not reporting the complaints in CPGRS, the circle may guide the branches
Canara Bank
Staff Training college , Bangalore
BANCASSURANCE
SOCIAL SECURITY SCHEME (3S)
Canara Bank
Staff Training college , Bangalore
Canara Bank
Staff Training college , Bangalore
Age of entry- Min 8 yrs max-64; Age of maturity:Option1- min 10 yrs , max 74 yrs; Option 2-min 23 yrs, max79
yrs; Policy term:Option 1- 10 yrs fixed; Option2-15,20,25 yrs; Mode: monthly/annual; Annualised
premium:Option1- Monthly mode: Rs 5000p.m;Annual mode- Rs 50000p.a.; Option 2- monthly mode- Rs
3000p.m;annual mode-RS 25000p.a.;Min sum assured- age of entry<45- 10 times Annualised Premium or
0.5XTXAnnualised premium whichever is high; for Age of entry>=45:- 7 times Annualised premium (T=Policy
term); Death benefit: FV or SA(Higher value); Maturity Value- Fund value; Tax advantageon premium paid and
benefit received
LIFE
INSURANCE
COVER
FOR OUR
HOME LOANLOAN
LIFE
INSURANCE
GROUP
SECURE
- EDUCATION
Persons Covered
New Individual Home Loan Borrowers of Canara
Bank; Joint
Boirrower
Cir: 515/2013
Max of 3 is
joint
borrowersdesigned
may be allowed
Group Secure Educationcoverage;
Loan proposition
exclusively
for the Education Loan
18 years
(aspropositions
on last birthday);
years (as on last
borrowers of Canara Minimum:
Bank. The unique
selling
of this Maximum:
plan are as64
mentioned
Age
At Entry
birthday); For premium calculation, age is taken as on the membership form date.; Minimum & Maximum
below;
Age boundaries
shall beasbased
age calculation
logic and as
per Canaraat
bank
home loan product
boundaries
Reducing cover: Sum Assured
reduces
peronloan
amortization
schedule
inception
of cover
Joint Borrower coverage: Two lives Parent and child can be covered Three lives Both
Maximum
Cover
69 be
years
(as on last birthday). Cover will cease on attaining 70th birthday.
parents and child can also
covered
Age
(Insurance cover ceasing age is equivalentto max. loan repayment age)
Premium Mode
Single Premium
Term Of Cover
Sum Assured
Canara Bank
Staff Training college , Bangalore
Sum Assured up to 120% of loan; Moratorium Period: Coverage will be provided during
moratorium period with interest accumulation
Age at Entry :12 to 64 years
Cover Term : 1 to 15 Years (subject to maximum cover age of 69 years)
Sum Assured: Minimum Rs 10,000
Maximum Rs 50 Lac
Premium Payment: Single premium only. Premium can be financed by the bank
Risk Coverage: Death of the borrower
Sum assured Rs 50000 with effect from 07th October 2015 (478/2015)
The premium payable by each member is Rs.100/- P.A.
The Scheme covers only natural death and death due to accident
Pradhan Mantri Jeevan Jyothi Bima Yojana (PMJJBY) covers the persons in the age group
of 18-50 years. Branches may mobilize SKP policies from the above age group with a
special focus on customers between 50-59 years.
Single Premium only. Premium rate is age-specific. Minimum premium per member is
Canara Bank
Staff Training college , Bangalore
Micro Insurance Product Sampoorna Kavach Plan for Group Members and BSBD ( No Frill
Accounts) holders of all the branches
Sum assured Rs 50000 with effect from 07th October 2015 (478/2015)
The premium payable by each member is Rs.100/- P.A.
The Scheme covers only natural death and death due to accident
Pradhan Mantri Jeevan Jyothi Bima Yojana (PMJJBY) covers the persons in the age group
of 18-50 years. Branches may mobilize SKP policies from the above age group with a
special focus on customers between 50-59 years.
Single Premium only. Premium rate is age-specific. Minimum premium per member is
INR 100 exclusive of taxes.
Reducing Cover.: Sum assured at the time of death, as per the defined schedule
specified at the outset in the certificate of insurance
Surrender Value payable in case of Closure / Pre-closure of the loan.
Sum Assured from Rs. 10,000/- to Rs. 10,00,000/The burden of loan liability is not passed on to the dependent family members and also insulates
the Bank from any loss, due to happening of any unfortunate event to the loan borrower.
MINIMUM GROUP SIZE: 50 members at Master policy issuance stage
AGE AT ENTRY: Minimum: 18 years as on last birthday (LBD); Maximum: 64 years as
Canara Bank
Staff Training college , Bangalore
on last birthday
MAXIMUM COVER AGE: 69 years (as on last birthday) If (maximum cover age age at
entry of borrower) < Loan Term, such borrower cannot be enrolled under the plan.
Minimum Cover Term: 2 years; Maximum cover term (subject to maximum cover age
being 69 years l.b.d): 10 years Cover Term = Repayment Period (subject to above
limits)
HEALTH INSURANCE
CANARA MEDICLAIM
Group Mediclaim Floater cum Personal Accident Policy issued by United India Insurance Company Limited
specifically designed for the accountholders
Features Of The
Schme
Floater Policy
Types of Plans
Persons Covered
Relaxations
Requirement Of
Medical Check-Up
Sum Insured
Expenses Covered
Cashless Services
is eli ible for relief under Section 80D of Income Tax Act 1961.
Any one member or all the members put together can avail
hospitalization benefits during the policy period up to the sum insured
Plan A (1+3) covering four persons in a single policy viz. the account holder, the
spouse and two dependent children.
Plan B (1+5) the cover is extended to dependent parents or parents in law in
addition to account holder, spouse and two dependent children.
Plan C (1+3) exclusively for Customers aged up to 35 yrs - the account holder,
the spouse and two dependent children.
Persons to be covered should be in the age group of 5 to 80 years.
Children in the age of above 3 months to below 5 years can also be
covered provided one or both parents are covered concurrently.
Life long renewals permitted.
No medical check up is required, if all the family members are aged
below 66 yrs at the time of availing the policy.
Minimum Rs.1,00,000/- (increased from Rs.50,000 earlier) to Maximum
Rs.10 Lacs (Increased from Rs.5,00,000/- earlier).
Dependent Male child covered upto 26 years (if he is a bona fide fulltime
student & non earning) as against earlier limit of 21 years. Female child is
covered till Marriage or employment whichever is earlier ( age no restriction)
Ambulance charges increased to Rs. 2000/- as against Rs. 1000/- earlier.
The customer can avail benefit of cashless services in networked hospitals of
Third Party Administrator (TPA) anywhere in India.
The Policy covers certain specified expenses of hospitalization on
account of illness/diseases contracted or injury sustained.
The customer can
avail benefit of cashless
services in networked
hospitals of Third Party Administrator (TPA) anywhere in India
The customer can also take treatment in hospital/nursing home of
his/her own choice and claim reimbursement from TPA.
Cash-less medical treatment and helpful during emergency
Canara Bank
Staff Training college , Bangalore
Pre-Existing
Diseases
Premium Details
Commission
Reference
o
o
o
It offers indemnity based coverage for In-patient hospitalization as explained below, with varied plan
options like critical illness upto Rs.50,000/- & personal accident cover upto Rs.100,000/Target group: Entry Age from 91 days to 69years.( 488/2014)
Distribution: Group health insurance with optional critical illness & personal accident benefit
for our customers
Duration: The proposed duration of the cover will be 12 months for every insured member in the
group (non co-terminus policy)
Sum Insured: Health Insurance Sum insured of Rs.50,000/-, Rs.100,000/- and Rs.200,000/- to the
Individual
Family including self + spouse + up to 4 children (floater policy)
Either set of self or spouses parents in a single policy (floater policy)
Benefits
o
o
o
Personal Accident cover: The personal accident cover for Rs.100,000/- for every insured
member in the policy
Canara Bank
Staff Training college , Bangalore
Features
This policy covers persons in the age group 91 days to 69 years. The maximum entry age is
restricted upto 69 years with no maximum cover ceasing age.
o Dependent children between 91 days and 25 years can be insured (Children between 91 days
to 5 years can be covered only if either parent is covered under the policy)
o In case of a family opting for individual policies, the sum insured for dependents
shall not be more than that of the primary insured.
o
Product offered on voluntary
basis. Reference: Cir- 521/2013, 315/2014,
488/2014
o
443 /2015
Aimed to cover the medical expenses of the retirees and his/her dependant spouse only.
One time option shall be extended to the retirees. Those retirees who do not opt
now, would not be allowed to join later.
Identity Card is proposed to be issued by United Indias Third Party Administrator
Sum Insured
Premium
Workmen
Rs.3.00 Lakhs
Rs.4930/-
Rs. 691/-
Rs.5621/-
Officers
Rs.4.00 Lakhs
s.6573/-
Rs.921/-
Rs.7494/-
Cadre
Canara Bank
Staff Training college , Bangalore