Retired and Untired

Category News

A Year of Progress, A Hopeful Dawn: Milestones Achieved and Anticipated for Bank Retirees

As we enter 2024, let us carry the spirit of resilience and unwavering determination.
Here’s to a brighter future, filled with hope, prosperity, and a well-deserved recognition of the valuable contributions retirees have made to the banking sector.

RBI- (MAFS)-Group Mediclaim Policy (2024) for Retired Members of MAFS

There is an increase in bed charges and ICU charges

A New Era for Bank Employees: MOU between Unions and IBA signed

It is the first MOU that has been signed within 14 months of the expiry of the previous settlement. There is a positive development for pensioners, as all pensioners as on 31st October 22 will now receive a long-awaited “ex gratia” amount.

Good News for RBI Family Pensioners: Pension Regulations Amended

With effect from 1st March 2019, the family pension payable to the spouse of a deceased employee of RBI shall be at the rate of 30% of pay uniformly subject to minimum of ₹9,000 per month, and a maximum of 30% of the highest pay per month in the Bank.

Dearness relief calculator for RBI Pensioners-Aug 23 to Jan 24

DR increase Calculator Aug23 to Jan 24

(MAFS) – GMP for Retired members-settlement of claims on PPN rates

PPN stands for Preferred Provider Network /Preferred Partner Network.
It means a Network of hospitals in India which have agreed to cashless package pricing for the insured. Every hospital that has a tie-up with the insurance company maintains three different rates for the same treatment.

GMP for OPD to Pensioners (70+)-April 1,23 to March 31,24

GMP policy for OPD expenses-renewal  Group Mediclaim Policy for OPD to Pensioners for the period April 01, 2023, to March 31, 2024 has been placed with New India Assurance Co. Ltd.–Bank’s letter Salient features The salient features of the policy… Continue Reading →

Dearness Relief for RBI/Bank Pensioners – 62 slabs more from February 23 to July 23

Labour Bureau, M/o Labour and Employment have made available the All India Consumer Price Index numbers AICPIN for the half year ending December 22 . The data is in chart above: Based on this data , Dearness Relief rates as… Continue Reading →

Dearness Relief for RBI/Bank Pensioners-55 slabs more from August 22 to January 23

Data for the half year ending June 22 Labour Bureau, M/o Labour and Employment have made available the All India Consumer Price Index numbers AICPIN for the half year ending June 22 and the data is shown in chart above:… Continue Reading →

Credit Cards, NBFCs-RBI Guidelines with key Highlights

Now an attempt has been made to rein in such Banks, Non-Banking Financial companies(NBFCs) and other card issuers. Under RBI’s consolidated Directions, violations of basic norms now invite penalties and fines.

Harassed customers can now approach Banking Ombudsman and claim suitable compensation for the same.

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