hr report on sbi

1340077778706GUIDED BY:Mr.Khadilkar | [Course Title] | [Date]950000GUIDED BY:Mr.Khadilkar | [Course Title] | [Date]1340076028734SUMMER INTERNSHIP PROGRAMME REPORT (SBI,CHANDRAPUR)
SBI HR POLICIES950000SUMMER INTERNSHIP PROGRAMME REPORT (SBI,CHANDRAPUR)
SBI HR POLICIES92228325855400
ACKNOWLEDGEMENT:

scales of pay GRADE SCALES OF PAY
JMGS-I
MMGS-II
MMGS-III
SMGS-I
SMGS-
TEGS-
TEGS- 14500-600/7-18700-700/2-20100-800/7-25700
19400-700/1-20100-800/10-28100
25700-800/5-29700-900/2-31500
30600-900/4-34200-1000/2-36200
36200-1000/2-38200-1100/2-40400
42000-1200/4-46800
46800-1300/4-52000
STAGNATION INCREMENTS:
Officers in JMGS-I who have moved to scale of pay for MMGS-II after reaching maximum shall be eligible for four stagnation increments for every three completed years of service of which first two shall be Rs. 800/- each and next Rs.900/- each.
Provided that officers who have completed 3 yrs or more after receipt of the second stagnation increment as on 1.11.2007 will get the third stagnation increment on 1.11.2007 and another stagnation increment on or after 1.11.2008 on their completion of 6 years after receipt of second stagnation increment
Officers in MMGS-II who have moved to scale of pay for MMGS-III after reaching max.shall be eligible for three stagnation increment of Rs.900/- each for every 3 completed years of service.
Provided that officers who have completed 3yrs or more after receipt of second stagnation increment as on 1.11.2007 will get the next stagnation increment with effect from 1.11.2007 and subsequent stagnation increment on or after 1.11.2008 on their completion of 6 years after receipt of second stagnation increment.
Provided further those officers in substantive MMGS-III shall be eligible for four stagnation increment of Rs.900/- each for every 3 completed years of service. provident fund/pension fund:
Provident fund ………. 10% of Basic Pay
(Pay shall include stagnation increments, P.Q.P.,increment component of F.P.P. and adjusting pay)
SPECIAL COMPENSATORY ALLOWANCE:
Those officers who were in service as on 23.7.2003 and were already drawing SCA at old rates will be paid SCA at following rates
Basic Pay Amount
14500-23300 Rs.575/-
24100-28100 Rs.650/-
28900-29700 Rs.700/-
30600 Rs.850/-
31500-and above Rs.1000/-
Those officers who were in service as on 23.7.2003 but were not already drawing SCA will be paid SCA or date of joining whichever is later,at following rates:
Basic Pay Amount
14500-23300 Rs.225/-
24100-28100 Rs.300/-
28900-and above Rs.450/-
Mid-academic year transfer allowance:
If an officer is transferred from one place to another in the midst of an academic year and if he/she has one or more children studying in school or college, in the former place, he/she shall be paid a mid-academic year transfer allowance of Rs.700/-p.m. w.e.f.01/05/2010 from the date he/she reports at the later place upto the end of the academic year in respect of all the children. Such allowance shall cease if all the children cease studying at the former place.
RESIDENTIAL TELEPHONES: Eligibility: Officers of MMGS II grade and above, irrespective of their positions, may be allowed the facility of official telephone at their residences.However, the eligibility for availing telephone facility from the bank for officers in JMGS I will remain unchanged. Monthly telephone calls ceilings have been revised with effective from 1st February 2010 as under:
TEGSS-I 4200 calls p.m.
TEGS VII 2800 calls p.m.
TEGS VI 2100 calls p.m.
SMGS-IV & V 1200 calls p.m.
MMGS-II & III 450 calls p.m.
JMGS-I 300 calls p.m.
PROVISION OF NEWSPAPER:
Reimbursement on Certificate basis (w.e.f. 1.11.2006)
ScaleEligibility
SCALE IRs.350/-p.m. (payable to all Officers in JMGS I)
(for newspapers,periodicals,magazines etc.)
SCALE II & IIIRs.500/-p.m. (payable to all Officers in MMGS II & III)
(for newspapers,periodicals,magazines etc.)
SCALE IV & VRs.700/-p.m. (payable to all Officers in SMGS IV & V)
(for newspapers,periodicals,magazines etc.) cLUB MEMBERSHIP:
BMs, MODs, IBOs, Managers (Distt. Coordinators), RDMs and all officers in SMGS-IV & above, may be allowed to avail the facility of joining one club in their area. Admission fee of Rs.1000/- and membership subscription not exceeding Rs.1000/-per annum, may be reimbursed in such cases. Excess of annual subscription may be borne by the officer or claimed through his personal Entrtainment Quota (PEQ).
REIMBURSEMENT OF MEDICAL EXPENSES
Expenses actually incurred in respect of medical treatment, including hospitalization expenses at the scales approved from time to time,as under :
For self 100%
For Family 75%* (Family includes wife, spouse, dependent parents/children)**
95% with C.O. approva, if expenditure is Rs.1 lac and above.For certain notified serious diseases, further relaxation has been made so that expenses incurred beyond Rs. 50,000/- and upto Rs. 1,00,000/- may be reimbursed upto 85%.
Wholly dependant child/parents shall mean such relatives having monthly income not exceeding Rs.2250/- married daughter, if she is divorced, abandoned or separated and wholly dependant on and residing with the officer.
FAMILY PENSION SCHEME:
Spouse and children of officers who die in service or after retirement are eligible for family pension on the following basis:-
If death occurs after one year of pensionable service but before the completion of 20 years of pensionable service (10 years in case of retirees on superannuation after 1.11.1993)
The family pension be revised w.e.f. 1.5.2005 as under: Those who died or retired before 1.11.1993:
Substantive salary p.m. Rate of family pension p.m.
Rs. 1500 and below 30% of the substantive salary subject to min. of Rs.375/- p.m.
Rs. 1501 to Rs. 3000 20% of the substantive salary subject to a min. of Rs. 450/- p.m.
Above Rs. 3000 15% of the substantive salary to a min. of Rs. 600/- p.m. and max. of Rs. 1250/- p.m. In respect of employees retired/died on or after 1.11.1993 but before 1.4.1998:
Substantive salary p.m. Rate of family pension p.m.
Rs. 2870 and below 30% of the substantive salary subject to min. of Rs.720/- p.m.
Rs. 2871 to Rs. 5740 20% of the substantive salary subject to a min. of Rs. 860/- p.m.
Above Rs. 5740 15% of the substantive salary to a min. of Rs. 1150/- p.m. and max. of Rs. 2400/- p.m.
Those retire/died on or after 1.4.1998:
Substantive salary p.m. Rate of family pension p.m.
Rs. 4210 and below 30% of the substantive salary subject to min. of Rs.1056/- p.m.
Rs. 4210 to Rs. 8420 20% of the substantive salary subject to a min. of Rs. 1262/- p.m.
Above Rs. 8420 15% of the substantive salary to a min. of Rs. 1687 /- p.m. and max. of Rs. 3521/- p.m.
Those retired/died on or after 1.11.2002 and or after 1.5.2005:
Substantive salary p.m. Rate of family pension p.m.
Rs. 5720 and below 30% of the substantive salary subject to min. of Rs. 1435/- p.m.
Rs. 5720 to Rs. 11440 20% of the substantive salary subject to a min. of Rs. 1715/- p.m.
Above Rs. 11440 15% of the substantive salary to a min. of Rs. 2292/- p.m. and max. of Rs. 4784/- p.m.
NOTE :
In the case of part time employees, the min. and max. amount of family pension shall be in proportion to the rate of scale wages drawn by the employee.
If death occurs after 1 year of pensionable service:
Family pension at the rates mentioned in Clause (i) above.
If death occur after retirement but before expiry of 5 years:
For the balance period till the employee would have completed 5 years after retirement full pension that that the officer was drawing immediately before his death.
Thereafter family pension at the rates mentioned in clause (i) above.
If death occurs after 5 years of retirement;
Family pension shall be payable to :
The widow during her life time provided she does not remarry.
If the wife has predeceased the pensioner to children in the order of dates of Birth. Son till he attains age of 25 years or is gainfully employed. To daughter till she attains 25 years of age or is gainfully employed or married whichever occurs first.If the income from the employment in the case mentioned in (b) above is less than the family person, which was being paid or would have become payable, the family pension to the extent of the shortfall will be payable. GRATUITY :The various provisions of the gratuity payment are as under :For an employee who is eligible for pension and has put in a min. of 5 years service, Gratuity is payable under the payment of Gratuity Act, 1972. The amount will be payable @ 15 days wages for each completed year of service on the basis of 26 working days in a month, subject to a ceiling of Rs. 10 lakhs to those employees who have retired on or after the 24th May 2010 vide E Circular No. CDO / P& RD-pm /27/ 2010-11 dt 17/08/2010. For the purpose of Gratuity,wages include the following :
For Award Staff :
Basic Pay + D.A. + Personal Allowance + Acting Allowance + Fixed Personal Allowance + Professional Qualification Allowance + Special Pay
For Officers :
Basic Pay + D.A. + Increment component of Fixed Personal Allowance + Professional Qualification Allowance
FORMULA :Wages x 15 x No. of completed years of service 26
Service gratuity :
For an employee who is not eligible for pension and who has put in a min. 10 years of service, Gratuity is payable as per the Service Rules on retirement,resignation, etc. The amount will be payable @ one month’s pay for each completed year of service subject to a max. of 15 months pay + further additional gratuity @ ½ month’s pay for each completed year of service beyond 30 years of service subject to a max. of Rs. 10 lacs.
Pay means basic pay plus PQP and increment component of FPP.
In the case of a deceased officer, compassionate gratuity is payable to the family/nominee, as the case may be, as follows:
Compassionate Gratuity :
No service criteria is stipulated for sanction of this gratuity.
The amount will be payable @ one month pay for each completed year of service subject to a max. of 15 months pay + additional gratuity @ 1/2month’s pay for each completed year of service beyond 30 years + Further additional gratuity @ ¼ month’s pay for each completed year of service beyond 30 years + Further additional gratuity @ ¼ month’s pay for each completed year of service between 16th and 30th year subject to a minimum of Rs. 10,000/-and a max. of Rs. 10 lacs (w.e.f. 24/05/2010).
Higher of statutory gratuity/service gratuity/compassionate gratuity will be pad. group insurance scheme :A group insurance scheme for all permanent employees of the bank was introduced in February, 2007. The scheme gives an insurance cover of Rs. 2 lacs to each of the eligible employees.
The group insurance policy of SBI Life has since been renewed for the period 7th of Feb , 2008 to 6th of Feb, 2009 on the same terms and conditions. As perthe experience during the first year of operation of the scheme, SBI life has pointed out that settlement of claims at their end is delayed because the branches/offices concerned do not send the following original documents of them :
Original death certificate of the employees.
Original claim form.
In some cases, branches just stop at sending a fax communicating the death and either do not send the original of death certificate and the claim form or there is considerable delay in sending the same. The other reason of delay in settlement of claims is that the claims are being sent to this department instead of being directly send to SBI Life, as re-despatch of claims by us to SBI Life not only delays the process but also creates avoidable paperwork.
In view of the above, it is reiterated that all claims under the group insurance policy must be sent directly to the SBI Life, at the following address, alongwith the original death certificate and the claim form for prompt settlement :
SBI Life Insurance co. Ltd., Claims Department, 2nd Floor, Plot NO. 3A, Sector NO. 10, CBD, Belapur, Navi Mumbai – 400614. SILVER JUBILEE AWARD :In lieu of presenting a token gift at the time of retirement, every employee whether of subordinate, clerical or supervising cadre, will be given a Silver Jubilee Award on completion of 25 years ofunblemished service. The award will be in the form of a memento like silver coin/plaque etc. costing not more than Rs. 5,000/-.
In case of employees eligible for the Silver Jubilee Award who expired before receipt of the award, the award may be given to the members of the employee’s family.
DISCIPLINE AND APPEAL :Minor Penalties
Censure
Withholding of increments of pay with or without cumulative effect.
Withholding of promotion.
Recovery from pay or such other amount as may be due to him of the whole or part of an pecuniary loss caused to the Bank by negligence or breach of oders.
Reduction to a lower stage in a time scale of pay for a perio not exceeding three years without cumulative effect & without affecting pension.
Major Penalties
Reduction to a lower stage for specified period with direction regarding grant/postponement of future increments.
Reduction to a lower grade or post.
Compulsory retirement.
Removal from service.
Dismissal.
AIR INSURANCE :Ceilings for Air Insurance payable by bank to officers for their official air travels is as under : JMG Rs. 5 lakhs
MMGRs. 7.5 lakhs
SMGRs.10 lakhs
TEGSRs. 12.50 lakhs
TEGSSRs. 15 lakhs
DISCIPLINARY ACTION :Delegation of Administrative Powers
SBI Officer’s Service Rules (SBIOSR)
Rules Subject Disciplinary
Authority Authority to impose penalty AppeliateAuthority Reviewing
Authority
31 (h) Scale I & II
Minor Penalty
Major Penalty DGM(CPC)DGM(CPC) DGM(CPC)
GM GM
CGM CGM
RC
31 (h) Scale III
Minor Penalty
Major Penalty GM
GM GM
GM CGM
CGM RC RC
31 (h) Scale IV & V
Minor Penalty
Major Penalty GM GM GM CGM CGM AC RC
CHRC
31 (h) Scale VI & VII
Minor Penalty
Major Penalty GE/DMD
& CDO
GM/DMD
& CDO GM/DMD
& CDO
ECCB CHRC
CB ECCB
No review
31 (h)
TEGS I
Minor Penalty Major Penalty MD to be specified by
Chairman
-do- MD to be specified by
Chairman
-do- ECCB CB CB

STAFF WELFARE SCHEME :SCHOLARSHIP
The Scholarship would be awarded to the children of the Bank’s employees (Maximum of 2 children) who secure marks as under from III standard onwards :-