MARCH - 2017

1 March - 2017

ISSUE-03VOLUME - II

REGISTERED KA/BGW-1788/2017-2019 RNI No.KARBIL/2016/69545 MAG(3)/NPP/391/2015-2016

On 15 February, 2017 Union Cabinet approved

merger of Associate Banks including State Bank of

Mysore. Hon'ble Finance Minister announced that

the merger would take place during first week of

April, 2017. Members of Mysore Bank family were

hoping against hope that the merger would take

place only during 2018. Some even believed that

merger may not take place. But, Government's order

was notified on 23rd February, 2017 with merger

date as 1st April, 2017.

State Bank of Mysore is entering pages of History on

the 1st April, 2017. Successful saga of One hundred

three years and one hundred eighty one days of service

comes to an end. A great institution which changed

lives of lakhs of people would not be there on 1st April.

Names of Dr. Sir M. Visveshwaraiah and

H. E. Shri Nalwadi Krishna Raja Charamaraj Wodeyars,

the founders of our Bank would not be invoked in

future. Founding fathers of Namma beloved Bank

never imagined that the Bank would not be in

existence after 103 years. Another organisation

founded by Dr Sir M. Visveshwaraiah would cease to

exist. Certainly painful to hear that the Bank in which

members of our Commune served for decades would

not be in existence, as Mysore Bank from 1st April 2017.

But, our Commune would not leave any stone

unturned in its efforts to keep the history, legacy and

memory of this great institution, namma Bank, My

th

MY BANK IS Only Nenapu from 1.4.2017Merger on 01. 04. 2017

Bank, Mysore Bank and State Bank of Mysore. It

would be endeavour of every one who belonged to

Mysore Bank family to join the hands of State Bank of

Mysore Commune in keeping name and legacy of

State Bank of Mysore alive for a very long time.

There are many areas where Associate Bank Retirees need clarity. They have not yet been told about the Benefits / facilities that are available to retirees / pensioners in State Bank of India. In case of need, whom to contact. What is the future of REMBS, post-merger? Many such questions are lingering in the minds of Associate Bank Retirees / Pensioners. Now, Associate Banks' Department at Corporate Centre, State Bank of India, Mumbai is organising a meeting of representatives of all Retirees' Organisations at Gurugram on the 22nd March, 2017. Details of the discussion would be reported in the next issue of Mysore Bank Shathayu.

Our Commune organised a Seminar on merger of

Associate Banks with SBI - Employees' perspective on

the 11th March, 2017 at Dr. H N Kalakshetra,

Jayanagar 7th Block, Bengaluru. Our Commune

could reach every employee of State Bank of Mysore.

Meeting of representatives of Associate

Banks with State Bank of India Executives

Seminar on Merger of Associate Banks with

State Bank of India – Employees' perspective

2 March - 2017

Over 700 employees attended this program. Speech by Shri T A Padmanabhan, Chief General Manager (Retd), who was in both State Bank of Saurashtra and State Bank of Indore, when these Banks were merged with State Bank of India and Shri Vijaya Raghavan, DGM (Rtd) from State Bank of India, but originally from State Bank of Saurashtra shared their experiences at the time of merger and thereafter. A presentation on Terminal Benefits in State Bank of India and in State Bank of Mysore was made, duly informing the details of the benefits in terms of numbers. Representatives of the Unions and Association were also present.

Perhaps, this may be the first such an programme by a Bank Retirees' Organisation where benefits to present employees was conducted. The feedback and response are tremendous.

An Excel file can be downloaded from our Website (www.sbmpensioners.in – downloads), which helps in understanding the terminal benefits in Associate Banks and State Bank of India.

Currently, our Pension Records of our Bank

pensioners are maintained at Head Office of our

Bank. But, Pension Records of Associate Bank

Pensioners would be transferred to controlling Circle

Office of State Bank of India, immediately after

merger. For example, if a Pensioner from our Bank is

drawing pension from Salem, Pension Records would

be transferred to Chennai Circle Office. Therefore,

members of our Commune who are drawing pension

from the Branch which is situated in a different State

from the State in which he is staying, are advised to

get their account transferred to nearest Branch,

immediately.

Retirees of our Bank are residing in large numbers in 16 Districts of Karnataka. In many of the Districts, the number of our members exceeds the total number of retirees of all other Banks residing in these Districts.

Transfer of Savings Bank account :

Hassan District Committee formed on 02.03.2017

Hassan is one such District, where members of our Commune are in large numbers.

Our Hassan District Committee was formed in a meeting held on 02-03-2017 at Kannada Sahitya Parishat, Hassan. Over 90 of our members were present. Shri. K. M. Range Gowda, Shri. D. Bore Gowda & Shri. H. P. Parshwanathaiah are elected as Chairman, President and General Secretary of the Committee respectively. Various other office Bearers were also elected.

Our Commune had organised Workshop on 'Right to

Property' and 'Controlling your Assets after you'. Full

information regarding 'Will' was also provided in

these seminars. The need for execution of Will was

also emphasised. It was also informed about

limitation of 'Nomination'.

Society is not as before. Nuclear families have

replaced Joint families now. The bondage which was

in existence earlier is missing today. Children of many

have become NRIs. Now, ideas regarding changing

hands have changed. But, the way assets are

distributed has also undergone a change. New

scenario also demands change in the way one should

pass on their assets.

In order to guide members of our Commune, a draft

of 'Will' prepared and published by State Bank of

India, Bhopal Circle is provided, hereunder. Every

'Will' should have two witnesses and Registration of

the Will is not mandatory. But, for abundant

precaution, it is suggested that Will should be

registered. There is no restriction on the number of

times 'Will' is executed or altered. But, the last 'Will'

before the demise is valid.

This is being circulated on the condition and

undertaking that information, comments and views it

contains are merely for guidance and reference must

not be taken as having the authority of or being in

binding in any way on the State Bank of Mysore

Pensioners Commune who do not owe any

responsibility whatsoever.

Will

3 March - 2017

I ____________________________________ son of / daughter of _________________________________

residing at ___________________________________________ make this to be my last Will and Testament.

1. I hereby revoke all wills, codicils and other testamentary documents, made by me and particularly my

will dated ______________ and codicil dated ________________.

2. I am possessed of and absolutely entitled to movable and immovable properties which are described

in the schedules I to V attached herein. Any mistake in the description or any omission therefrom will

not affect the dispositions hereby made and this will deed will apply to all my properties of whatsoever

nature and wherever situated and whether standing in my name alone and jointly with anybody else, if

any name is first mentioned.

3. After my death, my wife / Husband Mrs. / Mr. __________________ is entitled to the amounts lying in

my Bank specifically mentioned in Schedule I attached to this will. This bequeath shall have priority

over all other bequests and dispositions.

4. I bequeath my immovable property(ies) situated at ______________ and ______________ centres

specifically mentioned as item No. __________________ in Schedule II attached to this will to my

______________ shri/Smt. _____________ and item No. _____________ to my _________________

Shri/Smt./Ms. ______________________ and Shri/Smt./Ms. _______________________ absolutely.

5. I bequeath the Gold/Silver ornaments and jewellery mentioned in Schedule III to my ______________

Shri/Smt./Ms. _______________________________________________________ absolutely.

6. a) I bequeath the Shares / and Securities, MUTUAL FUND & PPF specifically described under Schedule

IV to my ______________________ Shri/Smt./Ms. _____________________________ and

Shri/Smt./Ms. _________________________________

7. I hold insurance policies for self/family for life cover as also property which is spelt out in Schedule V to

my Will.

I bequeath all my properties which are not mentioned in this WILL in favour of

Shri/Smt./Ms. ______________________________ and Shri/Smt./Ms. ________________________

8. I bequeath my miscellaneous assets in Schedule VI as per details given therin.

I have made this WILL while I am in sound health and of good understanding.

In witness thereof I have put my signature hereunder in the presence of witnesses on this.

______________ day of _____________ 20____________

Signed by the within named TESTATOR SIGNATURE __________________________

Format of Will

4 March - 2017

IN THE PRESENCE OF TWO WITNESSES SIGNATURE(s)

1. NAME ______________________________ R/O _____________ _______________

2. NAME ______________________________ R/O _____________ _______________

***************************************************************************************

Note : * this is only a specimen, please modify as per your requirement. For example, if the testator intends to bequeath all his movable or immovable properties or both types of properties to his wife, the will is to be modified accordingly.

* All pages of the will including schedules should be signed

* Signatures of two witnesses is must.

* This is applicable for self acquired properties.

* The will can be registered or unregistered. The advantage of registered will is that it can be proved easily in case of dispute.

* The will deed can be made out on plain paper.

* Approx. cost of registration of document is presently Rs. 250.00 or so.

* The original copy of executed Will can be kept in Safe deposit Locker or entrusted to legal heirs with following notation :

“The Original of the WILL is hereby entrusted to my Wife / Husband / Son / Daughter Smt. /

Shri ________________________________________________________________

* Codicil means an instrument made in relation to a Will and explains, alters or adds to the dispositions and is deemed to form part of Will.

* * * * * *

5 March - 2017

Our Commune is appealing its members to donate by way of Standing Instructions or in lumpsum liberally. Our Commune is extremely thankful to following members for their liberal donation during January - 2017

Shri Narasimhamurthy .V Rs. 1,200/- Shri Gopal S.B. Rs. 3000/-

To enable members to give standing instructions/donate, Account Details of Commune are as under :

SB A/c. No. : 64094412180 with State Bank of Mysore, Bangalore Branch

DONATION

Enclosures /schedule To Will Deed Dt. ___________

SCHEDULE - I (DEPOSITS) Mention here brief details

e.g. account no., name Branch/Bank, type of account

and name of the A/c holders.

..................................................................................

...................................................................................

...................................................................................

SCHEDULE - II (IMMOVABLE PROPERTY) Mention

here brief details of the property, area/location, size

and registration details etc.,

..................................................................................

...................................................................................

...................................................................................

SCHEDULE - III (JEWELLERY ETC.,) Mention here

details of GOLD/DIMOND JEWELLERY/ORNAMENTS

WHICH ARE ALREADY IN USE BY MY WIFE/DAUGHTER

MORE SPECIFICALLY THE FOLLOWING

Bangles _______, Earrings ______, Neckless ______,

Mangalsutra _______, Rings _____, Bracelet ______,

..................................................................................

...................................................................................

...................................................................................SILVER ORNAMENTS/PLATES AND OTHER ITEMS WEIGHING _________ GRAMS HELD IN BANK’S LOCKER AT ___________ BRANCH AND AT HOME WEIGHING APPROX. __________________GRAMS.

..................................................................................

...................................................................................

...................................................................................

SCHEDULE - IV (SHARES, DMAT, PPF AND MUTUAL

FUNDS)

Mention here details of shares held in DMAT account held with _______ Branch, Mutual fund investments, details of SIP’s held etc.

..................................................................................

...................................................................................

...................................................................................

SCHEDULE - V (INSURANCE POLICIES ETC.)

Mention here details of policies, beneficiary, sum assured, due date name of insurances co. etc.,

..................................................................................

...................................................................................

...................................................................................

SCHEDULE - VI (MISCELLANEOUS ASSETS Etc.)

Mention here details of all movable assets including

vehicle, electronics goods, furniture etc., not

specifically covered in the Will deed above.

..................................................................................

...................................................................................

...................................................................................

Place : ___________ Signature of TESTATOR

DATE: ___________ SIGNATURE(s)

IN THE PRESENCE OF TWO WITNESSES

1. Name __________R/O _________ ___________

2. Name __________R/O _________ ___________

6 March - 2017

An Appeal to Employees’ & Officers

State Bank of MysoreDear friends,

This Communication is from State Bank of Mysore Pensioners' Commune, the largest Retirees' Organisation in Associate Banks.

After years of anxiety, uncertainty, expectations and prayers, the wait is over and process of merger of Associate Banks with State Bank of India is in the final stage. The date on which our Bank ceases to exist is announced. On 1st April, 2017 our Bank, Mysore Bank would be a part of the history. Our Bank, which was also My Bank helped us in taking care of our parents, securing a good wife/husband, very good education to children, an house, a Car and lot of things were on account of our Bank, Mysore Bank. This organisation which had given us everything would not be thereon the 1st April. We feel sad.

But, our Commune has undertaken to keep afloat, the banner of our Bank, Mysore Bank.

We, at Commune, are aware that those who are in service cannot be a part of a Retirees' Organisation. But, we want you to be a part of Mysore Bank family. We request you to be a member of Mysore Bank Welfare Trust. Every employee who becomes a member of Mysore Bank Welfare Trust, would become a member of our Commune, State Bank of Mysore Pensioners' Commune automatically, upon retirement from the service. Till such time, he remains a member of Mysore Bank Welfare Trust.

At present, State Bank of India does not have 'Shradhaanjali' Scheme. But, Mysore Bank Welfare Trust would ensure continuation of this benefit through its 'Shradhaanjali' Scheme, upon merger of our Bank with State Bank of India. 'Shradhaanjali' Scheme in our Bank provides for payment of Rs.15,000/- to next kin upon death of Mysore Bank Employee/Retiree. Next kin of every member of Mysore Bank Welfare Trust is entitled to receive Rs.15,000/- upon death of its member. Upon retirement from Services of the Bank, such members would become a member of our Commune. With this, everyone who is/was a part of our Bank, State Bank of Mysore continues bondage, while working for the Bank or after retirement from the Services of the Bank.

Everyone who is a member of Mysore Bank Welfare Trust is also invited to 'Mysore Bank Day' celebrations on the

foundation day of our Bank, My Bank, i.e on the 2nd October, every year. This provides an occasion to meet those who were members of this 'Mysore Bank family' and chew pleasant memories.

We request you to become a part of this 'Mysore Bank family' by becoming a member of Mysore Bank Welfare Trust.

Thanking you,

With regards,

Your friends who retiredfrom namma Bank, Mysore Bank,earlier

a. Largest among Retirees' Organisations in Associate Banks ;

b. Largest Bank Retirees' Organisation in terms of members to retirees ratio ;

c. Perhaps, only Bank to pay pension even before notification of Pension Regulations ;

d. First Bank to introduce payment for funeral expenses, later christened as 'Shradhaanjali' ;

e. First Bank to pay to Bank retirees out of Staff Welfare Fund. Every Ex-employee and family pensioner, irrespective of mode of exit is eligible ;

f. Our Commune coordinated Legal Struggle – Over 700 of members are the respondents in Appeals filed by our Bank against the order of Karnataka High ordering interest and cost of Rs.10,000/- along with arrears in VRS- 2001/Exit Policy case ;

g. Payment of pension/extension of pension option to those who served between 15 to 20 years and retired under VRS – 2001 from the date of retirement / 27.11.2009;

h. Payment of additional rate of interest and treating every retiree, including those retired under VRS – 2001 as Staff in respect of loan against deposit ;

I. Every benefit available to Superannuated Retirees is available to every retiree of our Bank, irrespective of their mode of exit, except Scheme II of REMBS ;

Our Achievements :

7 March - 2017

j. Payment of Commutation to those whose are receiving Compassionate pension which was denied commutation of pension ;

k. Conducted Seminars/Workshops for the benefit of Bank Retirees ;

l. Only Bank, which is reckoning probationary period of service of part time employees, while calculating pension, from the date of introduction of pension ;

m. Pension is being paid under Regulation 29 to every retiree who has retired voluntarily after serving for a period over 19 years and 6 months, since 2007 ;

n. Largest participation by members of our Commune in Agitations organised on behalf of AIBRF in Bangalore ;

ü Perhaps, for the first time, a document which guides

retirees to record all relevant information, which

would be helpful to them and also to surviving close

Highlights of our Conference :

relatives, who need these information – 'Pensioner's

Wallet' is released ;

ü Perhaps, first Bank Retirees' Conference where Bank,

workmen Union and Officers' Association supported ;

ü Perhaps, for the first time one could see, hear,

learn and enjoy music and drama ;

ü Perhaps, first Bank Retirees' Conference where an

Office Bearer continues for a period of 21 years and is

re- elected. Shri C E Sundar Rao is the founder

Treasurer of our Commune, first elected on 29.10.1995

and continues as Treasurer. He is 90 years young.

ü Perhaps, first Bank Retirees' Conference where flags

of the Bank, Bank level Retirees' Organisation and

AIBRF are unfurled ;

ü Perhaps, first Bank Retirees' Conference, where

over 25% of membership attended ;

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1.4.2017 jAzÀ £ÀªÀÄä ªÉÄʸÀÆgï ¨ÁåAPï E¤ßgÀĪÀÅ¢®è :

* * * *

Telephone Nos. : Off: -22353901 Ext : 427 Email : sbmpensioners@gmail.com Website : www.sbmpensioners.in

Reg. No. : MAG(3)/NPP/391/2015-2016

RNI No.KARBIL/2016/69545

Postal Registration No. : KA/BGW-1788/2017-2019

Reg. No. : MAG(3)/NPP/391/2015-2016

Published on 15th & Posted on 17th of every month

Posted at Bangalore PSO, BG -26

No. of Page : 8

REGISTERED KA/BGW-1788/2017-2019 RNI No.KARBIL/2016/69545 MAG(3)/NPP/391/2015-2016

8 March - 2017

FORM - IVStatement about ownership and other particulars about newspaper, Mysore Bank Shathayu

1.

2.

3.

Place of Publication 644/645, 1st Floor, State Bank of Mysore, Bangalore Branch Premises, Avenue Road, Bangalore - 560009

644/645, 1st Floor, State Bank of Mysore, Bangalore Branch Premises, Avenue Road, Bangalore - 560009

644/645, 1st Floor, State Bank of Mysore, Bangalore Branch Premises, Avenue Road, Bangalore - 560009

Periodicity of its publication Monthly

Printer’s Name Prasad C N

Prasad C N

4. Nationality Indian

Indian

5. Address

6. Publisher’s Name

7. Nationality

8. Address

644/645, 1st Floor, State Bank of Mysore, Bangalore Branch Premises, Avenue Road, Bangalore - 560009

9. Editor’s Name V. Dattathri

11. Address

10. Nationality Indian

State Bank of Mysore Pensioners' Commune (R)

12. Names and addresses of individuals who

own the newspaper and partners or

shareholders holding more than one per

cent of the total capital

I, Prasad C N, hereby declare that the particulars given above are true to the best of my knowledge and belief

Date : 15.3.2017 Signature of PublisherSd/-