Retired and Untired

Year 2020

Dearness Relief for RBI Pensioners -1.60% increase from August 20 to January 21

78 slabs more for RBI Pensioners

MAFS-Master Circular updated till July 1, 20

Bank has updated the Master Circular on Medical Assistance Fund Scheme (MAFS) in the light of the instructions issued till date. A copy of the circular has been uploaded on EKP site.Offices have been advised to make available copy of… Continue Reading →

MOU signed for wage revision in Banks-Family Pension 30%

United Forum of Bank Unions (UFBU) -umbrella of nine bank unions- have signed MOU with IBA on 22nd July 2020. Chairman IBA is reported to have informed at the meeting that IBA is agreeable to Family Pension at 30% without… Continue Reading →

Appeal for graded pension to RBI octogenarians

Shri Kishore Da, President, AIRBIOPF has requested Governor, by email dated 10th July, 2020 for :i) Graded pension to Super senior citizen retirees &ii) Revision of family pension scheme. (details in the letter attached) As central government pensioners are already… Continue Reading →

Master Circular on pension -updated as on July 1, 20 issued.

Bank has made available the latest Master Circular dated 1st July 20 on Pension.We have split the circular in two parts- Part I- containing the detailed instructions and Part II -containing forms for official use.Members may view (Part I) here, as… Continue Reading →

Final opportunity to CPF optees for Pension option

M/o Finance, DFS, by their letter dated 26th June, 2020 have allowed CPF optees in RBI to exercise the option of switching over from CPF to the pension scheme within such period to be specified by RBI. The following category… Continue Reading →

RBI raps lending apps, NBFCs for harassing customers

The Reserve Bank of India has reiterated its fair practices code for all lenders and has sought additional documentation for loan contracts signed by digital lenders. This, after reports emerged of aggressive recovery practices being used by some digital lenders… Continue Reading →

MAF-Dispensary facilities -restoration of curtailed supply of curative vitamins

We reproduce below a letter dated 20th June, 2020  from New Delhi OERS Optees and Pensioners Welfare Association to Regional Director,New Delhi, with copy to the Governor, RBI  requesting therein to restore supply of prescribed and essential medicines arbitrarily curtailed…. Continue Reading →

HOMAGE TO LATE R K MISHRA

Sh. R K Mishra, who opted for OERS in 2003, passed away due to a sudden cardiac attack on 19th April 2020 , at his residence in Lucknow. He was Zonal secretary of Retirees Association at Lucknow . He represented… Continue Reading →

Family Pension-Review Needed

Basic Pension of Pensioners in RBI has been updated by bank in March 19, by applying relative multiplying factors. However, the bank has so far not revised the Family Pension, which as a consequence, should have been derived on the… Continue Reading →

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