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22nd September 2017, 09:53 AM
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Join Date: Aug 2012
Re: Karur Vysya Bank Officers Association

Karur Vysya Bank Officers Association has been formed in the year 1965 to address the grievances of the Officer cadre Employees.

As you want here I am telling about Karur Vysya Bank Officers Association Achievements and Milestones

Karur Vysya Bank Officers Association Achievements and Milestones
05.06. 1974

1. Incentive for Deposit mobilisation 21040

2. Payment of adhoc allowance.

3. Class of Travel by Train - I class

4. Special Allowance for working on Sundays



28.10.1977

1. Wage settlement - implemented with effect from the

III Bipartite settlement.

2. D.A.

3. T.A. & Halting allowance

4. LFC

5. Housing Loan

6. Hospitalisation

7. Consumer Loan



24.11.1978

1. Implementation of Housing Loan

2. Promotion Policy

3. Dropping of Recovery Proceedings

4. Rent free quarters



30.05.1979

1. Cancellation of Transfers

2. One month notice period for transfers

3. T.A. and other allowances for Retiring Officers and their family members.

4. Release ofwithheld increment for2 officers

5. Review of Housing Loan

6. Extension of LFC to officers recruited from other Banks

7. Dropping of Recovery Process

8. Request transfer

9. Extension ofconveyance allowance

10. Promotions



31.08.1979

1. Disciplinary Procedure for Disciplinary action



18.06.1980

1. Interest free loan for purchase of furniture

2. Travelling allowance - A/c 1st class or Air travel with the permission of Chairman

3. Incidentals introduced

4. Travel on transfers - Travelling expenses for the entire family members are reimbursed.

5. Baggage quantum - increased

6. Retirement travelling allowance

7. Housing loan amount - increased

8. Vehicle loan repayment period - increased

9. CCL rate of interest - reduced

10. Joining time on transfers - introduced



05.08.1980

1. Classification of Branches

2. Fitment for officers in the New scale



12.09.1980

1. HRA for all officers

2. Rent free residential accommodation extended to Superintendents of Central Office and city

branch managers.

3. CCA for all officers who are working in Metro branches

4. Medical aid

5. Year ending allowance

6.

Split

duty allowance

7. Holiday Diem allowance

8. Mid academic year transfer allowance

9. Club allowance

10. LFC

11. Hospitalisation

12. Encashment of PL

13. Revision of Halting allowance



25.09.1980

1. Bonus for the year 1979

2. Payment of gratuity



25.03.1981

1. Housing loan interest

2. Permission to purchase Flats

3. Joining time on transfer (excluding Travel time)



03.07.1981

1. Bonus for all officers



07.04.1982

1. Defence representative leave treated as on duty

2. Reimbursement for maintaining two wheelers revised

3. Revision of ceiling on Basic Pay & D.A



05.04.1984

1. HRA increase

2. Rent free accommodation quantum increased

3. House rent advance introduced

4. Increase in Medical aid

5.Increase in conveyance allowance

6. Revision of CCL and vehicle loan

7. Diem allowance for inspectors

8. Parity on service conditions with clerical staff

9. LFC



17.02.1986

1. Leave rules

2. Housing Loan



16.09.1986

1. Classification ofbranches

2. Interest on Housing Loan reduced



18.05.1987

1. Defence representative T.A. Bill

2. Parity on service condition with clerical staff

3. LFC modification

4. Hospitalisation expenses and medical aid

5. Diem allowance, Boarding& lodging allowances

6. HRA for North Indian centres

7. Increase in vehicle loan and CCL



14.12.1989

1. Cash carrying limit & transfer of funds

2. Compensation clause



25.01.1990

1. Revision in Housing loan

2. Revision in vehicle loan & CCL



28.06.1990

1. Joining time for Request transfer

2. Creation of Manager post in CO, DO and ID

3. Interest free rent advance

4. Interest free vehicle loan forAgri officers

5. Rent free quarters - Revision of quantum



11.07.1991

1. Fitment for Promotee Officers



11.10.1991

1. Local Deputation allowance

2. Reimbursement of fuel expenses for Officer in charge of E.C. & CCO



11.04.1992

1. Leased accommodation



18.08.1992

1. Conveyance allowance to managers

2. Holiday diem allowance



20.07.1993

1. Conveyance allowance to all officers

2. Reduction in HSL interest

3. Creation of the post of Deputy Manager and Asst. Manager

4. Reimbursement of Lodging expenses on transfer

5. Quarters for North Indian Centres

6. Compensation for employees killed

7. Promotion for specialised cadre officers

8. Officiating allowance



19.10.1993

1. Revision ofVehicle loan & CCL

2. Second Housing Loan



25.10.1994

1. Second HSL extended to the Officers after 5 years from the date of 1st HSL availed



21.05.1994

1. Car loan to Managers of Large and very large branches



21.04.1995

1. Cash transfer norms

2. Loan for repayment of Non refundable withdrawals in PF

3. Festival advance - for any festival

4. Assignment of LIC policy for HSL dispensed with

5. Creation of Scale IV branches

6. Recruitment of Inspectors

7. Installation of PCs in more branches

8. Directly recruited officers - leave period & wages

9. Supply ofNote counting Machines



04.09.1995

1. Brokerage for fixing leased accommodation

2. Increase in conveyance allowance

3. Supply of briefcase

4. Increase in Festival advance

5. Newspaper to officers



27.12.1995

1. Increase in entertainment expenses



04.06.1996

1. Coffee/Tea allowance

2. Increase in HSL

3. Diem allowance for less than 4 hours travel on duty

10.01.1997

1. Increase in NSC loan

2. Permitting officers to compete in the direct recruitment of credit analysts and Foreign exchange

officers.

3. Repayment of HSL Principal first

4. Additional HSL



25.11.1997

1. Increase in HSL

2. HSL - Release of amount in stages for purchase of Flats



29.04.1998

1. Increase in Festival advance

2. Increase in Local deputation allowance

3. Modification in LFC



14.10.1998

1. Reimbursement of cost ofNewspapers to Inspectors without insisting bill

2. Increase in NSC loan

3. Increase in CCL

4. Modification in LFC



09.02.2000

1. Additional diem allowance to Inspectors

2. Increase in the reimbursement amount of newspaper

3. Modification in Leased accommodation

4. Increase in car loan

5. Increase in Fixed conveyance allowance

6. ML without MC with some restrictions

7. Increase in Holiday Diem allowance

8. Payment ofTA for officers retiring under VRS

9. Increase in the quantum of reimbursement of fuel expenses to Managers



09.12.2000

1. Introduction of Educational loan

2. Increase in the quantum of reimbursement towards Coffee/Tea expenses

3. Reimbursement towards cost of medical check-up to Managers

4. Educational allowance

5. Financial news paper for official purpose

6. Increase in rent advance

7. Increase in the quantum of reimbursement of Entertainment expenses

8. Computer loan

9. HSL - substitution of property

10. Increase in fixed conveyance allowance

11. HSL - eligibility norms modified

12. Vehicle loan - reducing the gap period



16.11.2001

1. Reduction in interest rates - CCL, Vehicle loan, NSC loan Jewel loan and computer loan

2. Increase in Festival Advance

3. Modification in NSC loans - repayment at the time of maturity

4. Increase in HSL

5. Personal loan

6. Promotion - increase in number of chances



16.11.2002

1. Modification in categorisation of branches

2. Increase in House rent advance

3. Modifications in Educational Loan

4. Reduction of interest for HSL

5. Payment of Re-registration charges for 2 wheelers /4 wheelers on transfer to other states

6. Reimbursement ofTransportation charges of4 wheelers

7. PL encashment for lapsed PL



17.12.2003

1. Increase in the quantum of Leased accommodation facility

2. Briefcase to all officers

3. Increase in Festival Advance

4. Comprehensive Medical check-up to all officers

5. Visiting cards to all officers

6. Reimbursement of lodging expenses to all officers on their transfers

7. Increase in fuel reimbursement & fixed conveyance allowance

8. Functional allowance

9. Reduction in rate of interest for CCL, Vehicle loan , Jewel loan , Educational loan, Personal

loan, Computer loan & NSC loan

10. Loan for officers who have completed 55 years of age for investing in Varishta Pension

Bhima Yojna Scheme of LIC

11. Increase in quantum of car loan to managers



21.12.2004

1. Increase in Local Deputation allowance

2. Extention of fixed conveyance allowance for officers working in Mumbai

3. Rewarding long service - length of service reduced to 25 years from 30 years for this purpose.

Address
Karur Vysya Bank Officers’ Association
NO. 103, First Main Road, KVB Nagar, KVB Nagar, Ganesha Nagar, Karur, Tamil Nadu 639002
04324 238 058


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