aGAIN SALUTE TO ORIENTAL BANK MANAGEMENT FOR INCREASING PARK OF THEIR EMPOLYEE

REVISED POLICY FOR FURNITURE FACILITY

S.N.                   Existing Provision Proposed Amendments/modifications

1.

Scales Ceilings of cost of

 furniture

TEG Scale - VII Rs.2,50,000/-

TEG Scale – VI Rs.2,10,000/-

SMG Scale – V Rs.1,70,000/-

SMG Scale - IV Rs.1,55,000/-

MMG Scale - III Rs.1,35,000/-

MMG Scale - II Rs.1,30,000/-

JMG Scale - I Rs.1,15,000/-

Scales Ceilings of cost of furniture

TEG Scale - VII Rs.3,30,000/-

TEG Scale – VI Rs.2,80,000/-

SMG Scale – V Rs.2,30,000/-

SMG Scale - IV Rs.2,00,000/-

MMG Scale - III Rs.1,80,000/-

MMG Scale - II Rs.1,70,000/-

JMG Scale - I Rs.1,50,000/-

2.

Eligibility

As per existing policy, all officers confirmed in bank’s service irrespective of their stay in Bank’s own flats/Bank leased accommodation/Personal leased accommodated/rented accommodation/own accommodation are eligible for providing bank’s furniture at their residences.

Promoted officers In JMG-Scale- 1 with Basic salary of Rs27620/- or after confirmation in the Scale-1, whichever is earlier are eligible for the facility. 

Where both husband and wife are officers in our Bank, only one of them is eligible for the furniture facility. Eligibility

All officers( directly recruited and officers promoted in JMG-Scale-1)  after confirmation  irrespective of their stay in Bank’s own flats/Bank leased accommodation/Personal leased accommodated/rented accommodation/own accommodation are eligible for providing bank’s furniture at their residences.

The present condition of relation with the basic salary for Scale-1 officers may be done away.

At present, if both husband and wife are officers in our Bank, only one of them is eligible for availing such facility. However in case both the officer working in our bank and have availed the facility before their marriage, in such cases after their marriage one of them will have to surrender their furniture facility after the completion of 10 year block and only one of them shall be entitled for availment  of enhanced limit of furniture on account of revision of limit or promotion.