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10th September 2015, 02:06 PM
Super Moderator
 
Join Date: Apr 2013
Re: Allowances in syndicate bank

Following type of Allowances offered for its workers
Dearness Allowance:

Special area allowance:
House Rent Allowance:
Deputational Allowance:
City Compen. Allowance:
Hill Fuel Allowance:
Project Area allowance:
To collect information with the detail you can see following attachment

Here is some of content from attached file :
Under Payment of Gratuity Act: Gratuity Amount = Salary* x 15 x No. of years of service ÷ 26 *Salary = gross pay as on the date of last attending the duty minus HRA, CCA, Washing allowance, Conveyance Allowance. Out of FPP only increment component to be taken (Period of service beyond six months shall be rounded off to next higher year. EOL on LOP beyond 360 days and Unauthorised absence should not be taken into a/c for the purpose of service) (b) Under SBOSR/BPS : (i) For service upto 15 years = Pay x Number of years of service (ii) For service of above 15 years upto 30 years = Pay x 15 (iii) For service of above 30 years = (Pay x 15) + (Pay x No. of years of service beyond 30 ÷ 2) Pay = Basic pay + stagnation increment + other allowances (ranking for PF only) For officers, last drawn pay as on the date of cessation to be taken into a/c. For service of six months and above, in the case of more than 30 years of service, gratuity shall be calculated on pro rata basis. For workmen, average of the Pay components for last 12 months immediately preceding the cessation of service shall be taken into a/c. Service of six months and above shall be rounded off to next higher year.

Allowances in syndicate bank after Retirement





Attached Files
File Type: pdf Allowances in syndicate bank after Retirement .pdf (241.2 KB, 112 views)


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