| 01. | Grant of Medical Aid to Retired Employees | Reimbursement of Medical expenses subject to a maximum of Rs.4,000/- per year to employees retired on superannuation only from the succeeding year of retirement.(Circular ref :HRM 102/2010-11 dated 06.09.2010) |
| 02. | Health Insurance to Retired staff members | Reimbursement of Health Insurance premium for a cover of Rs.2.00 lakh in the case of “AROGYARAKSHA POLICY” of M/s United India Insurance Co., Ltd, is presently done with a cap of Rs.3827 for a coverage of Account Holder+ Spouse+Two Children ( 1+3) applicable to all staff members retired on superannuation. |
| 03 | Medical checkup to Retired staff members | Reimbursement of annual health checkup charges up to Rs.3500/- per annum to ex-staff members retired on superannuation.(Circular ref: HRM 177/2010-11 dated 20.01.2011.) |
| 04. | Holiday Home Facility | Holiday home facility can be utilized by staff who retired on superannuation subject to availability.Holiday homes are situated at Udhagamandalam, Shjimla, Kodaikanal, Kanyakumari, Guruvayoor, Mahabaleshwar, Tirumala, Darjeeling and Puri |
| 05 | Retired Employee Card | Retired Employee Card is issued to those who retired on Superannuation(Circular ref : HRM 48/2009-10 dated 04.07.2009.) |
| 06 | Pensioner’s card | Pensioner’s card is issued to all those Staff members who had retired under VRS(Circular ref: MD/ED 24/2014-15 dated 16 03 2015) |
| 07 | Preferential rate of interest on deposits of senior citizenex-staff members | All eligible Ex-staff Members who are Senior Citizens (who are eligible for staff rate of interest) are eligible for twin benefits in Domestic Term Deposit Interest i.e.,1% for Ex staff status and 0.5% for Senior Citizen status.( Circular ref: HRM: 55 / 2010-11 DT dated 01 07 2010) |
| 08 | IB Pension loan scheme | The ceiling limit of Pension Loan isa) Pensioners : 15 times monthly pension with a maximum of Rs 6 lakhs (Entry Level age : up to the age of 75 years – Exit level – upto 78 years)b) Family pensioners : 12 times monthly pension with a miximum of Rs 2 lakhs (Entry level age : up to the age of 70 years – Exit level upto 73 years)c) Repayment : Pensioners 5 years; Family pensioners – 3 years. Apart from the guarantee of spouse eligible for family pension, a third party guarantee from a person acceptable to the bank may be obtained.(Circular ref : PBD ADV -39 dated 08.06.2015 |
