Retired and Untired

Category OERS

CHIP BASED IDENTITY CARDS FOR RBI RETIREES

Bank has decided to issue specially designed smart chip-based identity cards to the retiring/retired employees. Retirees may exchange the old card for new ones after the intimation is received by them. Offices will issue new identity card with green lanyard… Continue Reading →

Dearness Relief for RBI Pensioners -7.7% increase from February 21 to July 21

78 slabs more for RBI Pensioners

GMP for OPD to RBI Pensioners(70+)-Renewal- January 1, 2021 to December 31, 2021

RBI has renewed  GMP for OPD to Pensioners by their circular dated December 30, 2020.  Policy Period is – January 1, 2021 to December 31, 2021. Details are given below:  1. Circular dated December 30, 2020 2. Salient features  3.  TPAs… Continue Reading →

Instructions for opening of option for pension

Bank. in continuation of Administration Circular dated 14-9-2020, has issued detailed instructions for implementation of opening of option for pension in respect of CPF optees by their Circular dated 18.9.20. 1. Retired employees of the Bank who had earlier retained… Continue Reading →

10 Central TUs express dissent on unilateral change in base year to 2016 – Consumer Price Index – IW.

Central Trade Unions have jointly demanded reworking de novo the computation exercise of changing base year by involving the trade unions as the trade unions represent the actually affected stakeholders in the project of computation of Consumers Price Index -IW… Continue Reading →

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

78 slabs more for RBI Pensioners

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 →

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 →

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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