PERSONNEL DEPARTMENT

STAFF WELFARE DIVISION

HEAD OFFICE: MANIPAL

STAFF WELFARE SCHEMES FOR SERVING EMPLOYEES

ANNUAL HEALTH CHECK UP

(39/2009/BC, 150/2010/BC, 62/2011/BC, 113/2014, 281/2015, 428/2015)

❖ All Executives and Branch Heads are eligible irrespective of age

❖ All other employees above 45 years of age are eligible
❖ Can be claimed once in a calendar year
❖ Spouse is also eligible along with the employee to undergo tests.
❖ Employees may undergo any tests of his/her choice within the overall limit
❖ Health check up to be done at the Hospital of work place/place of official residence. Prior
permission from HO:SWD required for Health Check up at other places

FREE EDUCATION BENEFIT SCHEME

(201/2005/BC, 4/2010/BC, 62/2011/BC., 113/2014)

❖ First 2 children are eligible

❖ Tuition fees or cost of books at `200/- p.m. per annum per child upto 12th standard is eligible.
❖ `2,400/- p.a. is eligible for UGC recognised degree courses upto maximum of 4 years.
(Engineering and Medicine course come under this category).
❖ Reimbursement is made against bills and pass certificate.
❖ Scheme is renewed every year during August/September.
LUNCH EXPENSES

(83/2003/BC, 62/2011/BC latest)

❖ `350/- per month is eligible for all employees including probationary and PTS on scale wages
as lunch expenses.
❖ Employees on leave during the entire month are not eligible.
❖ Claims to be made before the end of the succeeding month and no provision for carry forward
of previous claims

CONVEYANCE EXPENSES REIMBURSEMENT FACILITY TO OFFICERS –

( BC 251-2013)

SCHEME –“A” – OFFICERS NOT OWNING A VEHICLE: Maximum limits (in Rs)
Major “A” class
SCALE Area-I Area-II Area-III
cities
Scale IV & above 1150 1000 950 950
Scale III 1000 850 800 800
Scale II 900 750 700 700
Scale-I 750 700 650 650

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SCHEME- “B” – OFFICERS OWNING A VEHICLE:
For Cars (4 Wheelers) Metro Area-I Area-II Area-II

1(a) Branch heads in Scale-IV 70 65 60 60

1(b) Other Executives in Scale-IV 70 60 55 50

(a) Branch Managers in Scale-III. 70 65 60 55

2 (b) Other Officers in Scale III 65 60 55 50
(a) Branch Managers in Scale II & I
drawing a BP of 19400/-p.m. & above. 50 45 40 40
3 (b) Other officers in Scale II & I including 45 40 35 35
Probationary Officers
Owners of 2 Wheelers:
4 a) Branch Manager 45 40 35 35
b) Other officers in the above categories

REIMBURSEMENT OF ENTERTAINMENT EXPENSES TO OFFICERS

(W E F 01/07/2013 --- BC 169/2013 )
Sl. Limits (per annum)
No. Category of Officers Personal Limit Office Limit
1. Branch Managers in Scale-I 6000 -
2. Other than Branch Managers in Scale-I 3200 -
3. Branch Managers in Scale-II 7200 -
4. Other than Branch Managers in Scale-II 3200 -
5. Branch Managers in Scale-III and
Senior Managers heading offices/units 8500 -
Other than Branch Managers in Scale-
6. 4000 -
III
7. Executives in Scale-IV 12500 12500
8. Executives in Scale-V 14500 14500
9. Executives in Scale-VI 26000 26000
10. Executives in Scale-VII 30000 30000

REIMBURSEMENT OF TELEPHONE EXPENSES TO OFFICERS IN JMGS-I, MMGS-II AND

MMGS-III
200/- p.m. to the officers in Scales I, II & III who have not been provided with either landline
or mobile phone facility by the Bank.

2. REIMBURSEMENT OF EXPENSES FOR CLEANING MATERIALS (BC-261/2010 & BC

435/2014) w e f 01/01/2015
` (Amount in Rupees)
Scale / Grade limit (p.m.)
Scale-I 200
Scale-II 300
Scale-III 400
Scale-IV 500
Scale-V 750
Scale-VI 1000
Scale-VII 1500

Terms & Conditions;

1. The reimbursement will be on monthly basis.
2. The reimbursement will be against declaration of expenses in the format enclosed
3. The claim shall be submitted by the end of the following month.

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 QUARTERS FACILITY TO OFFICERS / EXECUTIVES wef 01/07/2015 ( BC 281/2015 )

Sl. Places SCALES (Figures in )

No. I II III IV V VI VII
1 Major A Class Cities:Delhi 14000 15000 16000 20000 25000 28000 35000
(a) (including Gurgaon,
Ghaziabad, Noida,
Sahibabad,
Faridabad,Ballabgarh)
and Mumbai
(b) Bangalore, Chennai, 12000 13000 14000 18000 22000 26000 30000
Hyderabad,Kolkata,
Ahmedabad (including
Gandhinagar)
2 (a) Area-I (includes places with 8500 9500 10500 12000 15000 17000 20000
population above 12 lakhs
other than major ‘A’ class
cities) + Chandigarh,
panchkula & Mohali

(b) All other State Capitals, UT

HQs, Hill Stations (where Hill
& Fuel
allowance is being paid) , 8000 9000 10000 11000 13000 14000 19000
Port Branches + Rourkela,
Jamshedpur, Bokaro

Steel City, Durgapur,

Porbandar and Bhilai
3 Area II – All places with 6500 7000 7500 8000 12000 13000 -
population of above 1 lakh &
upto 12 lakh (i.e. other than
those included
in 2(a) & (b) above).
4 Area-III – All places with 5000 5500 6000 7500 10000 12000 -
population below 1 lakh (i.e.
not included in Area I & II )

MEMENTOS ON SUPERANNUATION
(258/0012/HO/SWD/SLS/2003, 62/2011/BC., 113/2014)

❖ For employees retiring on superannuation with unblemished service record

❖ Cost of mementos eligible is as follows:
Executives - `15,000/- Officers - `12,500/-
Clerks - `10,000/- Sub staff - `7,500/-

PROSTHESIS

(24/06/CYC dated 14.03.2006, 4 /2010/BC, 113/2014)

❖ Financial assistance for purchase of prosthesis to the employees suffering from physical
disability
❖ Monitory ceiling:
Orthopedic - `2,000/- - ` 4,500/-
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 Hearing impairment - `7,500/- - `10,000/-
Visual impairment - `6,000/- - `12,000/-
❖ More than one prosthesis if necessary allowed subject to maximum ceiling amount of `12,000/-
per annum
❖ Application in the prescribed format along with medical certificate as per Annexure G and
quotation/invoice of the prosthesis to be purchased to be submitted to HO:SWD through the
respective Regional Offices.

PROSTHESIS TO THE PHYSICALLY HANDICAPPED DEPENDENTS OF EMPLOYEES

(62/2011/BC)

❖ Financial assistance to the dependents of employees who are suffering from physical
disabilities.
❖ Eligible amount for purchase of prosthesis is `5,000/- per dependent as a one time measure.
❖ Application in the prescribed format along with medical certificate as per Annexure G and
quotation/invoice of the prosthesis to be purchased to be submitted to HO:SWD through the
respective Regional Offices.

HOLIDAY HOMES

(212/07/BC, 95/2008/BC, 121/2008/BC, 80/2011/BC, 1/2012/BC, 97/2012/BC 113/2014)

❖ Functioning at Mumbai, Munnar, Kodaikanal, Goa, Tirupathi and Shirdi

❖ Facility is extended to both serving as well as superannuated employees
❖ Rent charged at `100/- per day for deluxe rooms and `200/- for executive suites for all Holiday
Homes except Mumbai and `200/- for deluxe room and `400/- for executive suite at Mumbai
❖ Maximum permissible stay is 3 days and 3 nights

EYE CHECK UP/COST OF SPECTACLES

(4/2010/BC, 62/2011/BC., 113/2014)

❖ All employees who have completed 3 years of service and above are eligible irrespective of
the age.
❖ `2,000/- ( wef 01/04/2014 ) to be reimbursed as one time measures against bills/receipts

SILVER JUBILEE AWARD

(219/1998/BC, 152/2008/BC, 34/0012/CYC dated 22.05.2012)

❖ Employees who have completed 25 years of unblemished service are eligible for 5,000/- as
Silver Jubilee Award.
❖ For the purpose of awarding Silver Jubilee Award to ex-servicemen their Defence service will
also be taken into account provided they complete a minimum of 10 years of unblemished
service in the Bank and total of 25 years of service including Defence service.
❖ Light refreshments for all staff members at branch/office can be arranged at a nominal cost of
`20/- per head while conferring the Silver Jubilee Award to the eligible employees.

SYNDAROGYA

(353/2010/BC, 22/2011/BC, 16/2011/CYC)

❖ Health Insurance Scheme for the benefit of both serving as well as superannuated
employees/spouse of the deceased superannuated employees/spouse of the employees dying
in harness under tie up with United India Insurance Company Limited.
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 ❖ 50% of the premium paid on SyndArogya policy maximum amount of `1.00 lakh (Plan A and
B) on fresh as well as renewals is reimbursed by the Bank.
Sum Assured Premium
reimbursable
Plan A Plan B
469 783
`50,000
924 1542
`1,00,000
924 1542
Above `1,00,000

GROUP SAVINGS LINKED INSURANCE SCHEME

(139/2011/BC, 237/2011/BC)

❖ Functioning under tie up with LIC of India

❖ 35% of the monthly contribution of the members is apportioned towards risk premium and 65%
forms the savings component
❖ Insurance coverage and monthly contribution of members is as follows:
Executives – `8.00 lakhs `800/-
Officers - `6.00 lakhs `600/-
Clerks - `4.00 lakhs `400/-
Sub staff - `2.00 lakhs `200/-

❖ Savings component along with interest will be refunded at the time of cessation from service
during superannuation/voluntary retirement/resignation etc by LIC of India.
❖ On the event of unfortunate death of the GSLIS member the insurance cover and savings
component with interest will be settled by LIC of India.

❖ As per IRDA latest Guidelines the Employees joined in bank on or after 01/09/2013 are
not Eligible to become members of the Scheme. The amount was refunded to all
employees joined in the scheme on or after 01/09/2013

❖ Modifications in the premium amount on account of change in cadre due to promotions will be
accounted by LIC of India during the annual renewal of policy i.e., every September. Changes
if any to be incorporated should be informed to HO:SWD by the end of July in the calendar
year.

EMPLOYEES PERSONAL ACCIDENT RISK COVER

(375/1987/BC, 309/2008/BC)

❖ Workmen employees and officers upto scale III are covered under the scheme.
❖ Compensation is paid on unfortunate event of death or serious injury due to accident as below:
Scale III - `5.00 lakhs Scale II - `4.00 lakhs
Scale I - `3.00 lakhs Clerks - `2.40 lakhs
Sub Staff - `1.60 lakhs PTS - `1.20 lakhs

❖ Compensation payable in case of unfortunate event during office hours is 100% and after office
hours is 75%

GROUP PERSONAL ACCIDENT POLICY FOR EXECUTIVES

(237/2012/BC)

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 ❖ Executives in Scale IV and above are covered under Group Policy for accidental risk cover.
Policy provider is United India Insurance Co. Ltd.
❖ Compensation available is as below:

CMD/ED - `30.00 lakhs

GMs/ - `20.00 lakhs DGMs - `15.00 lakhs
AGMs - `12.50 lakhs CMs - `10.00 lakhs

GROUP PERSONAL ACCIDENT INSURANCE TO EMPLOYEES ISLAND BRANCHES

(Board Note 2005)

❖ All employees working in Island branches are covered under the said policy. Policy provider
is United India Insurance Co. Ltd.

❖ Risk coverage is as below:

Officers - `5.00 lakhs
Clerks - `3.00 lakhs Sub staff - `2.00 lakhs

YOGA PROGRAMME

(585/2009 dated 04.11.2009)

❖ Yoga programme can be organized at centers having minimum 10 branches.

❖ Spouse/parents/children’s are eligible
❖ Minimum participants should be 20 and the proramme can be conducted for a maximum period
of one month
❖ Maximum two programmes in a year are permissible.
❖ Expenditure of `5,000/- to `15,000/- can be incurred for the programme.

BENEFITS FOR DECEASED EMPLOYEES

❖ Funeral expenses: `15,000/- to be released immediately to the family members of the

deceased employee against stamped receipt for performing funeral rites.
(4/2010/BC, 237/2012/BC)

❖ Death relief scheme: On the sad demise of employees who were members of the Death Relief
Scheme (DRS) an amount of `2.05 lakhs is being paid at present as compensation to the legal
heirs under the DRS scheme. The monthly voluntary contribution of the members to the
scheme is as follows:

Executives/Officers - `10/- Clerks - ` 8/-

Sub Staff - ` 6/-
(154/2008/BC, 178/2009/BC)

❖ Write off of liabilities: Only direct liability to the tune of `4.00 lakhs for officers and `3.00 lakhs
for workmen employees, in the individual name of the ex-employee are eligible for write off as
per order of preference mentioned in circular 127/99/BC.
(127/99/BC, 202/2002/BC, 190/2001/BC, 62/2011/BC, 113/2014)

❖ Additional Gratuity: Difference between the normal gratuity and the gratuity that would have
otherwise become payable to the deceased employee had he survived till superannuation is

6
 the additional gratuity amount which is paid to the legal heirs of the deceased employee from
the Staff Welfare Fund.

❖ Free Education to the children of the deceased employee:

• First two children are eligible
• Tuition fees/cost of books at `200/- per month per child upto 12th standard.
• `3,000/- per academic year for graduation (UGC recognised courses)
• 50% of tuition fees or `12,500/- per academic year whichever is less for Engineering
course
• 25% of tuition fees or `20,000/- per academic year whichever is less for medicine
(190/2001/BC, 4/2010/BC)

HOSPITALISATION EXPENSES OVER AND ABOVE ENTITLEMENT

(152/2003/BC, 308/2008/BC, 4/2010/BC, 461/2015)

As per circular

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 STAFF WELFARE SCHEMES & ETC.
(SLS SECTION)

Sl. Particulars Details Circular Nos.

No.
1 Annual Health Check Executives - `4,000/- 39/2009/BC
up 150/2010/BC
Officers - `3,000/- 62/2011/BC
Workmen - `2,500/- 113/2014/BC
Spouse of the employee eligible along with
the employee – Health check up shall be
got done at the hospital of work/place of
official residence. If at other place prior
permission from HO:SWD required – may
under go any tests of his/her choice within
the overall limit. Employees under
suspension are also eligible
2 Employees Personal Death/injuries sustained due to accident – 375/1987/BC
Accident Risk Cover upto scale III – monitory compensation will 309/2008/BC
(PARC) be provided.
3 FEBS Scheme renewal every year during August 201/2005/BC
– Tuition fee or school books - `200/- per 43/2009/CYC
child per month upto 12th std. – scheme 4/2010/BC
extended upto degree level at `2,400/- per 62/2011/BC
annum for UGC recognized degrees upto a 39/2011/CYC
maximum of 4 years. Suspended 113/2014/BC
employees are also eligible (ON 64/67
dated 29.01.2011
4 Lunch expenses 350/- per month w.e.f. 01.04.2011 – all 4/2010/BC
employees including probationary and PTS 150/2010/BC
on scale wages are eligible (93/2005/BC, 62/2011/BC
241/2007/BC)
5 Mementos For executives - `15,000/- 62/2011/BC
Officers - `12,500/- 113/2014/BC
Clerks - `10,000/-
Sub staff - ` 7,500/-
6 Prosthesis Ortho/Speech/Hearing and visual disability 24/2006/CYC/
– HO:SWD to sanction – maximum 14.03.2006
`12,000/- in a year 4/2010/BC
7 Write off liabilities Officers - `4.00 lakhs 127/1999/BC
202/2000/BC
Workmen - `3.00 lakhs 190/2001/BC
Only direct liability in the individual name of 141/2005/BC
the ex-employee are eligible (ON 185 dated 62/2011/BC
09.04.2011)
8 Holiday Home Kodaikanal, Munnar, Mumbai, Goa Panaji, 212/2007/BC
Thirupathi & Shirdi – Superannuated 67/2008/BC
employees can also avail the facility 150/2010/BC
80/2011BC
1/2012/BC
97/2012/BC
9 Yoga programme Before conducting, approval from HO:SWD 585/2009/4.11.20
to be obtained – minimum strength 20 – 09
expenditure range between `5,000/- to 1939/2009/CYC
`15,000/-
10 F E B S - CD Upto 12th – Tuition fee `200/- per month per 219/98/BC
child (maximum two children) 190/2001/BC
8
 Graduation : full or maximum `3,000/- per 4/2010/BC
academic year whichever is less
Engineering : 50% of the tuition fee or
`50,000/- ``12,500 per academic year)
whichever is less
Medicine : 25% of tuition fee or `80,000/-
``20,000- per academic year) whichever is
less)
11 Silver Jubilee Award `5,000/- in lieu of watches w.e.f. 15.03.2008 152/2008/BC
87/2006/CYC/
– ex-servicemen, their service will be taken
17.10.2006
into account provided they complete a
minimum of 3 years unblemished service in
the Bank and total of 25 years including
Defence service.
Award shall be presented in a common
34/0012/CYC dt
function and expenses shall be restricted to
22.05.2012
`20/- per employee.
12 GPA Insurance Scale IV and above are covered. Guideline file No.5
(Executive) Cost of additional cover (premium) for 237/12/BC dt
CMD/ED is debited to Establishment 13.08.2012
charges account and others to the Staff Limits enhanced
Welfare Fund – policy to be renewed for executives.
before 31st of December every years (UIIC
– Manipal)
13 Hospitalisation Heart ailment, Kidney ailment, cancer, 152/2003/BC
expenses over and major accident – maximum `50,000/- for 308/2008/BC
above entitlement 4/2010/BC
self, `37,500/- for dependent – whichever is 461/2015 BC
less
14 Mediclaim Insurance Bank is contributing 50% of the premium 95/2010/CYC/
for superannuated upto a policy of `1.00 lakh. 02.12.2010
employee/spouse of Renewal every year – (UIICO – Udupi).
deceased Renewal 1 – 19 January
superannuated Renewal 2/fresh – 28th Feb.
employee/spouse
employees dying in
harness
15 Eye check up and cost All employees irrespective of age are 4/2010/BC
of spectacles eligible – `2,000/- as one time measure 62/2011/BC
113/2014/BC
against bills/receipts – employees who
have completed 3 years of service eligible
– employees under suspension are also
eligible (ON 64/29.01.2011)
16 Funeral expenses `15,000/- immediately to the dependents 4/2010/BC
237/12/BC – Limit
and this is in addition to the amount payable
enhanced
under DRS of `2.05 lakh
17 Death Relief Scheme At present, `2.05 lakhs 154/2008/BC
(DRS) 178/2009/BC

18 Medical expenses to `3,000/- against declaration. Claimed in 150/2010/BC

pre 01.01.1986 62/2011/BC
calendar year only, No provision for arrears
superannuated

9
 employees/spouse of – on financial basis Dr.IBA on HO:SWD by
deceased branches
superannuated
employees either in
receipt of ex-gratia of
not
19 Medical expenses to `3,000/- against declaration on calendar 62/2011/BC
superannuated 16/2011/CYC
year basis – payment immediately by
employees/spouse of
raising Dr.IBA on R.O. – RO on quarterly
deceased
basis to claim from HO:SWD
superannuated 237/2012/BC
employees/spouse of
employees dying in
harness.
20 SyndArogya premium 50% of premium paid upto a policy of `1.00 353/2010/BC
reimbursement to 16/2011/CYC
lakh – (plan A and B) – policy
existing employees
taken/renewed on or after 01.01.2011 are
eligible – payment immediately at the
branch.
21 SyndArogya premium 22/2011/BC
reimbursement to 16/2011/CYC
superannuated/spous Same as above
e of deceased
superannuated
employees/spouse
employees dying in
harness
22 Medical equipment to Annexure `G’ of circular 329/2010/BC to be 62/2011/CYC
physically submitted along with other papers –
handicapped maximum `5,000/- per dependent as a one
dependents of the time measure
employee
23 Photo ID Card to Prescribed format to be used – in case of ON
superannuated fresh ID card (for adding new 269/16.06.2011
employees/pensioners address/phone number etc.) 50/- DD has to 153/2010/BC
be sent to HO:SWD along with fresh 63/2010/CYC
application
24 Group Savings Linked Executive- `8.00 lakhs – 800/- 139/2011/BC
Insurance Scheme 237/2011/BC
(GSLIS) Officers - `6.00 lakhs – 600/- 46/2011/CYC
Clerks - `4.00 lakhs – 400/-
Sub staff & others - `2.00 lakhs –
`200/-
Minimum of `35/- per lakh will be utilised for
premium and `65/- per lakh will be for
savings
25 Salary Revision for Effective from 01.11.2007 142/2010/BC
officers
26 9th Bipartite Settlement Effective from 01.11.2007 132/2010/BC
27 NOC to employees for Regional Head upto scale III 219/1996/BC
loans from other GM (P) scale IV and above
Banks/FI (Housing Now powers are given to RO to issue
loan and other loans ) certificate including prob officers for HL Cyc/1717/0012
and co-ob. dated 18/11/2014

10
28 Special leave to sports For participating in sports (guidelines file 249/2007/BC
personal 36) and cultural activities.
29 OTS proposal Terminal benefits shall be first adjusted to 258/2006/BC
the liabilities (guideline file 35)
30 Interest reversal Guideline file 32 243/2006/BC
31 Substitution of Guideline file 26 275/1985/BC
property 107/2002/BC
11/0012/2003/
25.01.2003
6/0012/SLS/
01.02.2011(point
21)
32 Revision of interest on Effective from 03.05.2011 – 4% 113/2011/BC
SB
33 VCC Minimum deposit `1,000/- w.e.f. 109/2011/BC
01.06.2011. Below 1,000 also can be
accepted in Court cases only.
34 Nomination Signature of account holder need not be 107/2011/BC
attested by witness – nomination available
to joint account holders also
35 NRW Marriage purpose (Form No.2, 6, 7) 161/1996/BC
Housing purpose (Form 1R, 2R, 3, 4, 5, 164/1991/BC
ADV 84) 82/1997/BC

Sl. Particular Details Circular No.

No.
1 New Staff Housing Limit 289/2010/BC
Loan Officers - `50.00 lakhs
143/2011/BC
Clerks - `30.00 lakhs 260/2011/BC
Sub staff - ` 20.00 lakhs 123/2015 BC
Interest - 8.00% per annum under funded
interest – minimum 3 years of continuous
service – repayment maximum 360 months
(240 + 120)
Repair/renovation :
Officers - `4.00 lakhs Board Note No.51
Clerks - `2.40 lakhs dated 09.08.2011
(BC circular
Sub staff - `1.60 lakhs ………)
Construction/purchase of 1st floor with or
without kitchen as an independent unit on an
already existing house is permissible.

11
2 Staff Vehicle Loan 2 wheelers 131/2011/BC
confirmed employees of 3 years – limit 0.60
lakh or 95% of road cost – interest : base
rate – Type : brand new vehicle
4 wheelers
All confirmed employees of 3 years –
limit
Officers - `6.00 lakhs or 95% of cost
Workmen – `4.00 lakh or 95% of cost –
interest – base rate – Type: brand new or
second hand not more than 5 years old.
Repayment – 84 months (70 + 14) to 2
wheelers and 200 months (120 + 80 for 4
wheelers)
Cut back not exceeding 60% - subsequent
loan – after 4 years – can be converted to
SyndVahan upto the age of 70 years.
3 ODC All full time confirmed officers/workmen who 162/2010/BC
have completed 5 years service – part time 61/2011/BC
employees are not eligible – 452/2015 BC
Officers - `8.00 lakh
Clerks - `6.00 lakh
Sub staff - `6.00 lakh
Interest -base rate + 1.00% w.e.f.
05.11.2015
4 DL Who joined on or after 01.04.1994 226/1998/BC
Interest – (PLR – 1.00%) - if eligible for 189/2007/BC
ODC, DL not to be sanctioned 61/2011/BC
5 SyndVahan Details 76/2004/BC
(Corporate Office
product)
6 Computer Loan Maximum `50,000/- - if eligible to ODC, not 166/2000/BC
162/2010/BC
to be granted – interest PLR
7 Furniture Loan (DL) Details – If eligible for ODC, not to be 117/2000/BC
sanctioned DL 162/2010/BC
8 Staff Loan Various Full Details 226/1998/BC
types
9 Renewal of SOD/ Details 17/0012/HO/SWD
ODC to employees /CYC/
who are placed under 2009/28.02.2009
suspension/ charge
sheeted
10 Interest on SOD/ OSL Details 61/2011/BC
and ODC/DL
11 Flood Loan Officers - `50,000/- 906/0012/HO/SW
D/SLS/208/
Clerks - `35,000/- 02.05.2008
Sub staff - `25,000/-
Interest – 9% per annum simple
12 Jewel Loan Upto 15 years of service – `10,000/- 164/1998/BC

More than 15 years of service – `20,000/-

Interest – (PLR – 1%)
13 EPF temporary loan Details – Interest 4% simple 251/1995/BC

12
14 Overdue staff loans Treatment for interest 94/1994/BC
(suspended
employees)
15 Solar Water Details 80/2001/BC

13