SYNDICATE BANK OFFICERS’ ASSOCIATION (REGD.

)
(Affiliated To AIBOC / AINBOF)
GENERAL SECRETARY’S OFFICE

President : 098188 21395 Lawrence & Mayo House

General Secretary : 098207 27894 4th Floor, 276, D. N. Road,
Secretary : 098863 51375 Fort, Mumbai - 400 001
E-mail : syndicate_sboa@hotmail.com Phones : 022 - 2207 8457
Website : www.sboa.org.in Fax : 022 - 2207 0383
Circular No. : 13/ 2015 Date : 29.06.2015.

(PLEASE CIRCULATE TO ALL MEMBERS / OFFICERS)

Dear comrades,

QUARTERS RENTAL CEILING INCREASED

Members are aware that we have been taking up with the Management the issue of increase in rental
ceiling for self leased quarters to the officers. The existing rental ceiling which was fixed in 2013 is not
commensurate with the prevailing market rates and is inadequate for the officers to get a reasonable,
decent accommodation at their place of work. As a result the officers are required to bear a portion of
rent thereby adversely affecting their take home pay. Hence, the issue of adequate increase in rental
ceilings was placed at the top of our Agenda for the Joint Meeting and was followed up vigorously with
the Management.
Further, after Sri Arun Shrivastava took charge of our Bank as MD & CEO, while discussing with him various
issues confronting the Bank and the officers, we had highlighted the urgent need to increase the rental
ceilings so as to reduce the financial burden on the officers who stay in self leased quarters. We are pleased
to inform the members that in response to our request, the Management has increased the rental ceilings
substantially ranging from 35% to 90% depending upon the place of work and scale of officers.
The revised rental ceiling, which will be effective from 01.07.2015, is as follows :
REVISED RENTAL CEILINGS w.e.f. 01.07.2015
(Existing limits in Brackets)
Sl. Places Scales (Figures in )
No. I II III IV V VI VII
1(a) Major A Class Cities
Delhi (Including Gurgaon,
Ghaziabad, Noida, Sahibabad,
Faridabad, Ballabgarh) 14000 15000 16000 20000 25000 28000 35000
and Mumbai (8600) (9000) (9600) (11500) (13000) (16000) (20000)
(b) Bangalore, Chennai,
Hyderabad, Kolkata,
Ahemedabad (Including 12000 13000 14000 18000 22000 26000 30000
Gandhinagar) (7800) (7900) (8400) (10500) (12500) (15000) (18500)
2(a) Area I (Includes places
with population above
12 lakhs other than Major 'A'
class cities) + Chandigarh, 8500 9500 10500 12000 15000 17000 20000
Panchkula & Mohali (5400) (6000) (6600) (7000) (7900) (11000) (13500)
(b) All other State capitals, UT
HQs, Hill stations (Where Hill &
Fuel allowance is being paid),
Port branches + Rourkela,
Jamshedpur, Bokaro Steel City, 8000 9000 10000 11000 13000 14000 19000
Durgapur, Porbander and Bhilai (5200) (5300) (5600) (6400) (7400) (10000) (12000)
3 Area II - All places with
population of above 1 Lakh &
upto 12 lakh (i.e. other than those 6500 7000 7500 8000 12000 13000
included in 2(a) & 2(b) above (4200) (4600) (5000) (5200) (6400) (7800)
4 Area III - All places with popu-
lation below 1 lakh (i.e. not 5000 5500 6000 7500 10000 12000
included in Area I and II) (3600) (4100) (4400) (4600) (5400) (6800)
We are further pleased to inform the members that the Scheme also provides to permit the officers who
are eligible for leased accommodation to stay in PG accommodation / Hostel subject to reimbursement
of maximum 60% of the rental ceiling fixed for the Scale/Place. As regards to the officers who are presently
incurring rent in excess of existing ceiling under the present lease agreement, they will be eligible to receive
reimbursement upto the revised ceiling w.e.f. 01.07.2015. We have requested the Management to remove
the distinction between the areas in 2(a) and 2(b) above and make applicable the higher ceiling to all
the areas, covered there under.
We are sure that with the revised rental ceiling, the members will be in a position to find reasonable,
decent accommodation at their place of work without largely affecting their take home pay. We thank
our MD & CEO Sri Arunkumar Shrivastava and the Management Team for this positive gesture which
will go a long way in boosting the morale of the officers, especially those who stay in self leased quarters.
STAFF WELFARE COMMITTEE MEETING
Meeting of the Staff Welfare Committee was held at Manipal on 27th June, 2015. While Sri K. Santhosh
Kamath, General Manager (P) presided over the meeting, our President Com. Prakash Karotya,
represented the Association.
Members may be aware that in terms of the guidelines issued by the Government of India, at present
an amount of Rs.20 Crores, is being allocated annually by the Bank, to the Staff Welfare Fund and the
same is spent towards various Staff Welfare Schemes. As the expenditure towards the reimbursement
of lunch expenses to the employees was being met out of the Staff Welfare Fund, there was little scope
to expand / increase welfare schemes. Hence, we had been representing to the Management to keep
the reimbursement of lunch expenses out of the purview of Staff Welfare Fund and same be borne by
the Bank by debit to Profit & Loss Account. We are glad that the Management has acceded to our request
and has taken a decision to debit the lunch expenses reimbursed to the employees every month to the
Bank's Profit & Loss Account thus paving way to revisit and revise the existing Staff Welfare Schemes
and also to introduce new schemes.
After the detailed discussions and taking into consideration the fund available and the expenses incurred
towards the existing Staff Welfare Schemes during the last year, the Committee decided to make the
following recommendations to the Competent Authority:
1. To start Holiday Homes at Bangalore and Delhi in addition to the places suggested in the last meeting
and also to start a shelter home at Mumbai for the outstation employees and their dependants who
come for medical treatment and require to stay for longer period.
2. To increase the ceiling of liability to be written off in case of death of an employee while in service
by Rs.100000/- (i.e. to Rs.500000/- for officers and Rs.400000/- for workman) and to consider the
liability under Jewel Loan and Syndicate Bank Credit Card for such write off.
3. To increase the amount of funeral expenses paid to the family in case of death of an employee
from Rs.15000/- to Rs.20000/-
4. To increase the cost of memento presented to an employee on superannuation by Rs.2500/-.
5. To consider reimbursement of eye check up and cost of spectacles of Rs.2000/- once in 5 years
as against once in entire service
6. To increase the ceiling for reimbursement of expenses of Annual Health Check up of employees
and their spouse by Rs.500/- and to reduce the age limit for the same from existing 45 to 40
7. To pay compensation to the employees affected by natural calamities such as earth quake and flood
upto 10% of the cost of damage to their property subject to ceiling of Rs.25000/-
The Committee further decided to meet once again after the new Scheme for reimbursement of medical
expenses as formulated under 10th BPS is implemented by the IBA / Bank to explore the possibility
of extending the same to the retirees as provided under the Scheme.
We shall inform the members as and when the recommendations of the Committee are accepted by
the Competent Authority.
With greetings,
Yours comradely,

(SANJAY A MANJREKAR)
GENERAL SECRETARY

SYNDICATE BANK OFFICERS’ ASSOCIATION .......................................................... ZINDABAD

ALL INDIA NATIONALISED BANKS OFFICERS’ FEDERATION ............................... ZINDABAD
ALL INDIA BANK OFFICERS’ CONFEDERATION ...................................................... ZINDABAD
BANK OFFICERS’ UNITY ............................................................................................... ZINDABAD
WORKING CLASS UNITY ............................................................................................... ZINDABAD