IBA Group Medical Insurance Scheme for Retirees - Extension given to Left Out Retirees to submit their consent upto 25 Nov. 2022

 Renewal of IBA Group Medical Insurance Scheme for Retirees- Extension given to Left Out Retirees to submit their consent upto 25 Nov. 22

Bank has decided to provide an extended window for the left out retirees to join the IBA Group Medical Insurance Scheme on or before 25.11.2022 with the following conditions:
 
1. The coverage for Retired staff members and their spouse, enrolling during this extension period will commence w.e.f. 01.12.2022 and will be upto 31.10.2023.
2. Since, it is an optional exercise for facilitating the left out retirees, there will be no pro-rata reduction in premium and it will only be Annual (Yearly) premium. The premium payable is the same as communicated in HRMD Circular 654/2022 dated 04.10.2022.
3. Any treatment/claim during the break period (01.11.2022 to 30.11.2022) will be excluded from the cover.
4. This is one time exercise and no more extension or similar window will be allowed during the policy period.


The last date for submission of consent at branches is 25.11.2022. Consent may be submitted to any branch as per retiree/family pensioner convenience.

The period of Mandatory Leave shall be granted as Special Leave & there will not be any impact of it on usual leave entitlement

The period of Mandatory Leave shall be granted as Special Leave and there will not be any impact of Mandatory Leave on usual leave entitlement of an individual employee.

Amount of Financial Assistance provided to the family of deceased employee has been increased from Rs.20000/- to Rs.30,000/-

In view of the increase in cost of transportation of mortal remains/funeral expenses, the board of the Bank in its meeing dated 01.11.2022 has approved upward revision in the amount of financial assistance provided to the family of deceased employee has been increased from Rs.20,000/- to Rs.30,000/- w.e.f. 01.11.2022.

Increase in DA for the Quarter November 2022 to January 2023: 30 slab (2.1%) Total DA 556 slab (38.92%)

Increase in DA for the Quarter November 2022 to January 2023: 30 slab (2.1%) Total DA 556 slab (38.92%).

National General Council of NCBE will be held on Sunday, the 5th February 2023 at Indradhanush Auditorium, Panchkula(Chandigarh)

National General Council of NCBE will be held on Sunday, the 5th February 2023 at Indradhanush Auditorium, Panchkula (Chandigarh).

For detailed Circular Click: http://aipnbsf.org/files/Circular-%20NGC%20of%20NCBE.pdf

AIBEA, NCBE, NOBW and INBEF Submitted their Charter of Demands for XIIth Bi-Partite Settlement to IBA on 21st October 20222

AIBEA, NCBE, NOBW and INBEF Submitted their Charter of Demands for XIIth Bi-Partite Settlement to IBA on 21st October 20222.

To know about Charter of Demands Click: http://aipnbsf.org/files/Charter%20of%20Demands.pdf

Bank will provide Financial Relief to Retirees/Family Pensioners on Premium of IBA’s Group Medical Insurance Scheme for 2022-23

Bank will provide Financial Relief to Retirees/Family Pensioners on Premium of IBA’s Group Medical Insurance for the period from 01.11.2022 to 31.10.2023 as under:-

Pensioners/family pensioners drawing gross pension upto Rs.30,000/- p.m. and other other retirees (PF Optee): Rs.3,000/- 

Pensioners/family pensioners drawing gross pension more than Rs.30,000/- p.m.: Rs.2,500/-.

The amount of Financial Relief will be credited centrally by HRMD,HO after 31.10.2022 in the account from which the premium amount was debited and no individual requests are required to be submitted by retirees/family pensioners in this regard.

Bank revised financial assistance to employees having children with special needs from Rs.5000 to Rs.10000 p.a. from FY 2022-23

Bank revised financial assistance to the employees having children with special needs from Rs.5,000/- p.a. to Rs.10,000/- p.a. from the financial year 2022-23.

Bank Revised Medical Aid to Pre 1.1.1986 Retirees/their Spouses, who are receiving Ex-Gratia Payment from Bank to Rs.10,000/-

Bank Revised Medical Aid to Pre 01.01.1986 Retirees/their Spouses, who are receiving Ex-Gratia Payment from the Bank to Rs.10,000/-.

To know about Revised Scheme Click: http://aipnbsf.org/files/Medical%20Aid.pdf

Bank' Board approved 'Revised Policy for Sportspersons of the Bank' which will be effective from 01.04.2022

Bank' Board in its Meeting held on 26.08.2022 approved 'Revised Policy for Sportspersons of the Bank' which will be effective from 01.04.2022.

For 'Revised Policy for Sportspersons of the Bank' Click: http://aipnbsf.org/files/Policy%20for%20Sports%20Persons%20of%20the%20Bank.pdf