New Staff Norms

8/3/2019 New Staff Norms

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CIRCULAR NO. MAGRO 3454

October 7, 2011

Revised staff norms

Overall volume of business in the Branches will go up consequent on increase in Gold price in the market. In partial modification of Circular No.2795

dated December 11, 2010, Management has, therefore, decided to revise the existing norms for appointment of staff in Branches based on thevolume of business, as detailed below:-

Business (aggregate of GL,

HP, BL, PL & Deposits) BH ABH

Jr. ABH in the grade of

JO / SA Jr. Asst

House

Keeping Asst. Total

Up to 10 Crores 1 1 3 1 610 to 17 Crores 1 1 4 1 717 to 24 Crores 1 1 1 5 1 924 to 30 Crores 1 1 1 6 1 1030 to 38 Crores 1 1 1 7 1 1138 to 48 Crores 1 1 1 8 1 12

48 to 58 Crores 1 1 1 9 1 1358 to 68 Crores 1 1 2 10 1 1568 to 78 Crores 1 1 2 11 1 1678 to 93 Crores 1 1 2 12 1 17

Branches having gold loan outstanding more than Rs.10 crore shall post one additional staff in the grade of Jr. Asst.

Employees will be designated as under:

Grade of Branch Heads & Asst. Branch Heads will vary as per the business of the Branch as under:

Business outstanding

(Loans + Deposits)

Branch Head Asst. Branch Head

Grade

(minimum)

Eligibility criteria / experience

(Minimum)

Grade

(minimum)

Eligibility criteria / experience (Minimum)

Below Rs. 2 Crores Sr. Assistant Graduate with 3 months

experience as ABH

Jr. Assistant Graduate with 6 months experience as Jr.

Assistant

Rs. 2 to 8 Crore Jr. Officer Graduate with 6 months

experience as BH / ABH

Sr. Assistant Graduate with minimum experience of 6

months. AND 3 months experience as ABH

Rs. 8 to 15 Crores Asst. Manager 1 year experience as BH / Jr. Officer 1 year experience as ABH / BH in Sr. Asst.


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ABH in Jr. Officer grade grade

Rs. 15 to 22 Crores Dy. Manager 2 years experience as BH /

ABH in Asst. Mgr. grade

Jr. Officer 2 year experience as ABH / BH in Sr. Asst.

grade

Rs. 22 to 29 crores Manager 3 years experience as BH /

ABH in Asst. Mgr. grade

Asst. Mgr. 3 years experience as ABH / BH in Jr.

Officer grade

Rs. 29 to 36 crores Sr. Manager 2 years experience as BH /

ABH in Mgr. grade

Dy. Manager 2 years experience as ABH / BH in Asst.

Mgr. grade

Rs. 36 crores to 76

Crores

Chief Manager 3 years experience as BH /

ABH in Sr. Mgr. grade

Manager 3 years experience as ABH / BH in Dy. Mgr.

grade

Rs. 76 Crores and

above

Asst. General

Manager

3 years experience as BH /

ABH in Chief Manager grade

Sr. Manager 3 years experience in Manager grade

If any BH / ABH possesses higher grade than applicable to their experience as above, they will be re-designated in line with their experience in

the Group. Similarly, if any BH/ABH possesses higher grade than applicable to the volume of business of the Branch, they shall also be re-

designated in line with the volume of business of the Branch. Salary and allowances will be revised accordingly.

If such employees are prepared to move to any other Branch of the Group having business in line with their designation / experience, they can

continue in the same grade provided they are competent enough.

Those who are recruited in higher grades will continue in the same grade provided they are competent enough and prepared to move to high

volume Branches.

Jr. Officers / Asst. Managers directly recruited shall be considered for the post of Asst. Branch Head on acquiring 1month experience in the

Branch and after 3 months experience as ABH, such employees shall be considered for the post of Branch Heads.

While considering employees for the post of Area Managers / ARO / ASO they should be a graduate with minimum 3 years experience as Branch

Head in the grade of Asst. Manager or Dy. Manager and employees for the post of Regional Manager should have 2 years experience as Area

Manager in the Group.

In the Branches where volume of business is Rs. 17 Crores and above, a Jr. ABH in the minimum grade of Sr. Assistant shall be posted and if

the volume of business is Rs. 58 Crores and above, two Jr. ABHs shall be posted. While filling the vacancy of such Jr. ABHs, we shall consider

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Jr. Officers recruited directly and having 3 months experience in the Company or a Graduate Jr. Assistant having experience of 6 months in the

Company. Jr. Officers / Asst. Managers recruited directly having less than3 months of experience shall not be considered for the post of Jr. ABH.

Jr. ABHs having 3 months experience shall be considered for the post of ABH / BH in the grade of Sr. Assistant / Jr. Officer.

Administrative reporting pattern of Branch Heads

Grade of BHs Reporting to

Upto the grade of Dy. Manager Area Manager / Area Head But functionally Area Managers / Area

Heads will control all Branches under their

control

Manager & Sr. Manager Regional Manager / FRH

Chief Managers & above Regional Manager

Promotion criteria of House Keeping Assistants

Qualification Experience Considered for the post of

10th Std. 5 years experience as HKA Jr. Assistant

+2 3 years experience as HKA Jr. Assistant2 years experience as Jr. Asst. ABH in the grade of Sr. Asst.

1 year experience as ABH in the grade of Sr. Assistant ABH in the grade of Jr. Officer

1 year experience as ABH in the grade of Jr. Officer BH in the grade of Jr. Officer

1 year experience as BH in the grade of Jr. Officer BH in the grade of Asst. Manager

3 year experience as BH in the grade of Asst. Manager Area Manager

Appointment and promotion criteria of Jr. Assistants (NG)

Male candidates with +2 qualifications may be appointed as Jr. Assistant (NG) provided age shall not exceed 21 years. However, they may be

considered for promotion only after satisfactory completion of 3 years of service in the Group and further promotions will be as under:

Qualification Experience Considered for the post of

+2 3 years experience as Jr. Asst. (NG) ABH in the grade of Sr. Assistant

2 years experience as ABH in the grade of Sr. Asst. ABH / BH in the grade of Jr. Officer

1 year experience as ABH in the grade of Jr. Officer BH in the grade of Asst. Manager

2 year experience as BH in the grade of Asst. Manager Area Manager

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Guidelines for promotion:-

1. Manager: - The employee should have completed minimum 3 years of continuous service in the Group with minimum 1 year as

BH or Dy. Manager.

2. Sr. Manager: - The employee should have completed minimum 5 years of continuous service in the Group with minimum serviceof 2 years as Manager.

3. Chief Manager: - The employee should have completed minimum 7 years of continuous service in the Group with minimum 1 year

as Senior Manager.

Relaxation of two years in total service will be given in the case of employees having MBA / B. Tech / LLB etc.

This will not be applicable to the employees of following categories:-

1. Who are presently enjoying a higher grade

2. Having professional qualifications such as CA/ ICWA/ CS etc.

3. Working in key professional areas such as IT, Legal etc.

Fixation of salary:

Designation Basic Salary Dearness Allowance Total

Cleaner/Messenger/Attendar/Watchman/Gardener/Security 3000 2806 5806

Jr. Asst

Below +2 3500 2806 6306

Plus Two 4000 2806 6806

Graduate 4500 2806 7306

Post Graduate 5000 2806 7806

Sr. Asst 5500 2806 8306

Junior Officer 7000 2806 9806

Officer 7500 2806 10306

Assistant Manager 8000 2806 10806

Deputy Manager 9000 2806 11806

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Manager 10000 2806 12806

Sr. Manager 13000 2806 15806

Chief Manager 15000 2806 17806

Asst. General Manager 20000 2806 22806

Dy. General Manager 25000 2806 27806

Joint General Manager 30000 2806 32806

Salary payable to Ex. Bankers/ Police Officers

1. Branch Managers : Rs. 20,000/- per month.

2. Area Managers : Rs. 25,000/- per month.

3. Asst. Regional Managers : Rs. 30,000/- per month

4. Regional Managers/AGM Security HO : Rs. 35,000/- per month

5. Regional Managers (DGM and above) : Rs. 40,000/- per month

Salary payable to IT

1. B Tech / MCA and Dy. Manager (Basic + DA) : Rs. 15000/-

2. Three year Diploma and Ass. Manager (Basic + DA) : Rs. 12000/-

Various allowances applicable to employees

Various allowances applicable to employees are as under:

1. City Allowance

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2. Outstation Allowance

Sl. No. Area / Branch Cate-I Cate-II Cate-III Cate-IV Cate-V

1 Kerala Branches except in Thiruvananthapuram & Ernakulam District 2,750/- 2,250/- 1,750/- 1,500/- 1,250/-

2 Thiruvananthapuram & Ernakulam District Branches

in Municipal Corporation 3,750/- 3,250/- 2,750/- 2,500/- 2,000/-

- in Municipal Councils 3,250/- 2,750/- 2,500/- 2,000/- 1,750/-

- in Panchyaths 2,750/- 2,250/- 1,750/- 1,500/- 1,250/-3 Outside Kerala Branches in Metro & A Class cities 6,250/- 5,250/- 3,250/- 2,750/- 2,250/-

4 Outside Kerala Branches in

B Class cities (Municipal Corporations)

4,250/- 3,250/- 3,000/- 2,500/- 2,000/-

5 Outside Kerala Branches in Small towns (Municipal councils) &

Panchayaths

3,250/- 2,750/- 2,500/- 2,000/- 1,750/-

Area Cate-I

(Rs.)

Cate-II

(Rs.)

Cate-III

(Rs.)

Cate-IV

(Rs.)

Cate-V

(Rs.)

Cate-I - Chief Managers and above

Cate-II - Managers and above

Cate-III - Asst. Mgrs. and above

Cate-IV - Jr. Officers / Sr. Assistants

Cate- V - All employees below Sr. Asst.

Kerala State

Thiruvananthapuram & Ernakulam

District Branches

- in Municipal Corporation

3250/- 2500/- 2000/- 1500/- 1000/-

- in Municipal Councils 2500/- 2250/- 1750/- 1250/- 750/-

Outside Kerala State

Metro & A Class city 3750/- 3250/- 2750/- 2250/- 1750/-

Municipal Corporation 3250/- 2750/- 2250/- 1750/- 1250/-

Municipal Council 2750/- 2250/- 1750/- 1250/- 1000/-

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If the employees avail leave for more than 5 days in a calendar month, proportionate deduction will be made from the Outstation Allowance

payable to the employees.

3. Travelling Allowance & Mobile Allowance

Category TravellingAllowance

SpecialAllowance

Mobile Allowance

ASO / ARO / AM/ AH / ALO / RH Legal/ Area Head (H) / Sr. Manager/Manager in

Regional Office in different Region, Area Trainers

Region Head (maintenance), Regional Marketing Head (Money Transfer), Manager

(Gold Coin Marketing),

Rs. 2000/- Rs. 2000/- Rs. 500/-

ARM (Security) Rs. 5000/ Rs. 5000/-

Area Manager (Security) Rs. 5000/- Rs. 2000/-

RM / ARM (Gold Loan Marketing & Deposit Marketing) Rs. 3000/- Rs. 3000/- Rs.1000/-

Legal recovery Cluster Head Rs. 3000/- - Rs. 500/-

Other staff (Collection staff) Rs. 2000/- - Rs. 300/-

Branch Heads who have served one year in these capacities and have been

transferred to Head Office for reasons other than disciplinary action upto 15/03/2011.0 Rs. 3000/- Rs. 300/-

Employees having minimum 5 (Five) years of continuous of service and minimum two

years as Manager and above outside Kerala (Native of States other than Kerala).0 Rs. 5000/- Rs. 1,000/-

Employees having minimum 3 (Three) years of continuous service and one year of

service as BH and above out side Kerala (Native of States other than Kerala)08/07/2011 onwards.

0 Rs. 3000/- Rs. 300/-

Employees having minimum 5 (Five) years of continuous of service and minimum two

years as Manager and above outside Kerala

(Employees who are natives of Kerala)

0 Rs. 5000/- Rs. 1,000/-

Employees having minimum 3 (Three) years of continuous service and one year of

service as BH and above out side Kerala (Employees who are natives of Kerala)0 Rs. 3000/- Rs. 300/-

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Region Head Rs. 1000/- - Rs. 1250/-

Regional Manager (as per appointment order) Rs. 5000/- Rs. 5000/- Rs. 2000/-

Legal Officer in different Region Headquarters (Manager) Rs.5000/- - -

Branch Heads (Forex, Travels, HP, Personal Loan, Chitty) Rs. 1500/- Rs. 1500/- Rs. 300/-

Gold Loan Branch Head in the grade of Asst. Manager and above Rs. 1500/- Rs. 400/-

Branch Head in the grade of Jr. OfficerRs. 1250/-

Rs. 300/-

Branch Head in the grade of Sr. Assistant Rs. 1000/- Rs. 300/-

Field Recruitment Manager Rs. 3000/- Rs. 2000/- Rs. 2000/-

Employees working in HO / Branches in the grade of Manager & above except LineManagers

Rs. 1000/-Rs. 500/- (subject to

eligibility)

Internal Auditors & Vigilance Inspectors Rs. 300/- (subject toeligibility)

Area Hardware Technicians

All areas in Central, Eastern, Northern andWestern States

Rs. 3000/-

All other areas except the above Rs. 2500/-

HP Division:Field Staff (The staff doing the field work whatevermay be the designation below manager)

With Vehicle Rs. 2750/- Rs. 300/- (subject toeligibility)

-

Without VehicleRs. 1750/-

Former Bankers appointed in the grade of GM / DGM / AGM Rs. 5000/-

Field staff of Chitty & Chitty staff

With Vehicle Rs. 2750/-

Without Vehicle Rs. 1750/-

If the employees avail leave (any type of leave) for more than 3 days in a calendar month, proportionate deduction will be made from the FixedTravelling Allowance payable to the employees.

4 Distance Allowance to regular and outsourced employees posted beyond 1500 kms from their home district

Sl.No Area / Branch Cate-I (Rs) Cate-II(Rs) Cate-III(Rs) Cate-IV(Rs) Cate-V (Rs)

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1 Distance Allowance for employees posted between1500 to 2500 km away from their home District

1,000/- 750/- 625/- 500/- 375/-

2 Distance Allowance for employees posted 2500 km

away from their home District2,000/- 1,500/- 1,250/- 1000/- 750/-

3 Jammu & Kashmir

Andaman & Nicobar Island3,000/- 2,500/- 2,250/- 2,000/- 1,750/-

5. Special Allowance

Category Special Allowance

Branch Head in the grade of Manager & aboveHaving business of over

Above Rs. 75 Crores Rs. 3500/-

60 75 crores Rs. 3000/-

40 60 crores Rs. 2500/-

BH in the grade of Dy. Manager Having business of 20 to 40 Crores Rs. 2000/-

BH in the grade of Asst. Manager Having business of 12 to 20 Crores Rs. 1800/-

BH in the grade of Jr. OfficerHaving business of 7 to 12 Crores Rs. 1600/-

Having business upto Rs. 7 Crores Rs. 1400/-

BH in the grade of Sr. Assistant Having business upto Rs. 2 Crore Rs. 1000/-

Asst. Branch Head in the grade of Jr. Officer and above Having business of over 7 Crores - 1250/-

Asst. Branch Head in the grade of Sr. Assistant Having business of 2to 7Crores - 1000/-

Asst. Branch Head in the grade of Jr. Assistant Having business upto Rs. 2 Crore - 750/-

Jr. ABH 650/-

Gold appraisers (If there are two GL counters, only half will

be considered for computing volume)

Business GL-1 GL-2

Over Rs. 20 Crores Rs. 1500/- Rs. 1000/-

10 to 20 Crores Rs. 1000/- Rs. 750/-

4 to 10 Crores Rs. 750/- Rs. 500/-

Below 4 Crore Rs. 500/- Rs. 250/-

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Employees working in Internal Audit Rs. 3000/-

Vigilance

Department

Employees who have completed one year service

in the grade of Manager and aboveRs. 5,000/-

Employees in the grade of Manager and above but

less than one year service in the grade of ManagerRs. 3,000/-

Other employees below the grade of Manager Rs. 2,500/-Store and Record Maintenance Department (below Manager) Rs. 500/-

ABH (Forex, HP, Chits, Travels, Personal Loan) Rs. 1,250/-

Customer Relations Executives (CRE), AM (O) Asst. Rs. 3,000/-

AM Security Assistant Rs. 2,000/-

ARM (Deposit Marketing) Asst. Rs. 2,000/

RM (Money Transfer) Asst Rs. 2,000/

Gold Auction Dept

AGM Rs. 4,000/-

CM Rs. 3,500/

SM / Manager Rs. 3,000/Other employees Rs. 2,500/

ALLOWANCES FOR CUSTOMER RELATIONSHIP MANAGERS (AUDIT)

Auditor Allowance Rs.3000/-

Special Allowance Rs.1000/-

Mobile Allowance Rs.500/-

Cash Allowance to cashier (If there are two Cashiers only half will be taken)

Sl. No. Category Business of the Branch (Rs.) Cash allowance

1 A Above 25 Crores Rs.1000/-

2 B 20 to 25 Crores Rs.750/-

3 C 15 to 20 Crores Rs.650/-

4 D 10 to 15 Crores Rs.500/-

5 E 5 to 10 Crores Rs.400/-

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6 F Below 5 Crores Rs.300/-

Cashier at HO Rs.700/-

8. Ex-Bankers working as part time auditors in Branches

GL outstanding Cash allowance

Upto Rs 2 Crores Rs.1,250/-

Above Rs 2 Crores upto Rs 5 Crores Rs.2,500/-Above Rs 5 Crores upto Rs 15 Crores Rs.3,750/-

Above Rs 15 Crores Rs.5,000/-

9. Business Incentive

Maximum eligibility of business incentive applicable to Branches is enhanced to Rs. 6000/- (Rupees six thousand only). However,

Minimum business incentive payable will continue as Rs. 750/- (Rupees seven hundred and fifty only) to the Branches opened

within 1 year.

Business Incentive will be distributed among the BHs, ABHs and other staff members as follows:

Employee IncentiveBH 40% of total incentive

ABH 20% of total incentive

Other staff members including supervisory staff 40% - equally distributed

10. Referral Incentive

Grade in which referee

employee is posted

Incentiveamount(Rs.)

Incentive distribution pattern (Rs.) Eligibility

Criteria

Upper

age limit1st Stage (30%) 2nd Stage (30%) 3rd Stage (40%)

GM 15000/- 4500/- 4500/- 6000/- As decided by

the Mgmt.

NA

JGM 10000/- 3000/- 3000/- 4000/-

DGM 7000/- 2100/- 2100/- 2800/-

AGM 5500/- 1650/- 1650/- 2200/-

CM 4000/- 1200/- 1200/- 1600/-

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SM 3500/- 1050/- 1050/- 1400/-

M 3000/- 900/- 900/- 1200/- 25 years

AM 2500/- 750/- 750/- 1000/- Male

Graduate

25 years

JO 2250/- 675/- 675/- 900/- 25 years

JAG,PG, DG 2000/- 600/- 600/- 800/- 25 years

JA-NG 1750/- 525/- 525/- 700/- 22 years

Peon-cum-Sweeper 1500/- 450/- 450/- 600/- Female 25 years

Hardware staff 2000/- 600/- 600/- 800/- Male & Female 28 years

Terms and conditions, mode of payment, etc. will continue as per Circular No. Magro-1440 dated 21st June, 2008.

Bata:-Employees temporarily engaged in official duties outside their home district (i.e. both residential and working district) are presently eligible for

Bata and transportation allowance. It has been decided to change the eligibility criteria for Bata as follows:

i) If lodging is not required, i.e., stay is not involved in the travel, they will be eligible for Food Allowance of Rs. 100/- (Rupees one hundred only)

per day.

ii) If lodging is required, they will be eligible for Lodging Allowance as detailed hereunder plus Food Allowance of Rs. 100/- (Rupees one hundred

only) per day. However, Food Allowance & Bata together is applicable for AMs, RMs & ZMs only and not applicable for other category of

employees.

Sl.

No.

Employees Amount per day

Non-metro

Metro & Mini

Metro Cities

1 House Keeping Assistant / Messenger / Attender /

Book Binder / Electrician (T) / Jr. Assistant (T) / Jr.

Assistant

Rs. 300/- Rs. 400/-

2 Sr. Assistant Rs. 350/- Rs. 450/-

3 Jr. Officer Rs. 400/- Rs. 500/-4 Asst. Manager Rs. 450/- Rs. 550/-

5 Dy. Manager Rs. 500/- Rs. 600/-

6 Manager Rs. 550/- Rs. 650/-

7 Sr. Manager Rs. 600/- Rs. 700/-

8 Chief Manager Rs. 650/- Rs. 750/-

9 AGM Rs. 700/- Rs. 800/-

10 DGM Rs. 800/- Rs. 900/-

11 GM Rs. 1000/- Rs. 1200/-

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Whenever employees eligible for outstation allowance claim Bata, they will not be eligible for outstation allowance ie, employees eligible for outstation

allowance will be eligible for either Bata or Outstation allowance. However, considering the extensive travel involved in discharging the duties of RMs,

it has been decided not to deduct eligible bata from the outstation allowance. However, if they have availed more than 5 days leave during a month,

proportionate deduction will continue as it is.

Employees claiming outstation allowance will not be eligible for Bata if they are visiting their home district. But they will be eligible for actual traveling

allowances (actual train / bus fare).

For attending training on holidays employees will be eligible for special allowance of Rs. 100/- (Rupees one hundred only) in addition to actual

Travelling Allowance and Lodging / Food Allowance as applicable. However, Food Allowance & Lodging Allowance will be paid only on attaining 50%

marks in the examination conducted after training.

Bata & Travelling Allowance applicable to employees working in Internal Audit Department

Bata & Travelling Allowance applicable to employees working in Internal Audit Department are as follows

Sl No Travel particulars Bata Travelling

Allowance

1 Upto 10 Kms within the Revenue District of their station Branch. (In the case of non

native employees distance shall be calculated from their boarding house)

Nil 75 Paise per Km.

2 More than 10 Kms within the Revenue District of their station Branch (In the case

of non native employees distance shall be calculated from their boarding house)

Rs. 50/- 75 Paise per Km.

3 Outside Revenue District Bata as per norms Actual expenses

RM (Audit) are advised to submit consolidated statement of distance from the boarding house / station Branch of Auditing staff to the respective

Branches to DGM (IA) immediately. Permission from DGM (IA) shall be obtained in case of travelling outside revenue district.

Bata applicable to employees working in Civil

Bata applicable to employees working in Civil Department are as follows:

EmployeesThrissur

District

Outside Thrissur District

but within Kerala

Outside Kerala State except

Metropolitan cities

Metropolitan

cities

Painters / other employees attending painting Rs. 100/- Rs. 125/- Rs. 200/- Rs. 225/-

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work

Civil Supervisor / Electrician / Plumber /

Diesel Mechanic / Battery Technician / A/C

Mechanic for attending all civil work except

painting.

Rs. 125/- Rs. 200/- Rs. 250/- Rs. 350/-

Allowances to Security Inspectors

Security Inspectors will be eligible for following allowances apart from their salary:

Sl.No. Area of inspection : Allowance per unit

1 Kerala State Branches : Rs. 135/- (Rupees one hundred and thirty five only)

2 Valapad Hostels : Rs. 135/- (Rupees one hundred and thirty five only)

3 Mangalore, Udupi, Dakshina Kannada, Coimbatore,Nilgiri, Dindigul, Salem, Erode, Namakkal, Karur

District Branches

: Rs. 175/- (Rupees one hundred and seventy five only)

4 Bangalore, Tumkur, Kolar, Mysore, Chennai,

Thiruvallur, Kanchipuram District Branches

: Rs. 225/- (Rupees two hundred and twenty five only)

5 Maharashtra State Branches : Rs. 325/- (Rupees three hundred and twenty five only)

6 Mumbai Residence & Hostels : Rs. 175/- (Rupees one hundred and seventy five only)

7 Rangareddi, Vishakapatnam, Krishna, East Godavari,

West Godavari District

- Branches : Rs. 325/- (Rupees three hundred and twenty five only)

- Hostels : Rs. 175/- (Rupees one hundred and seventy five only)

8 NCR



9 Punjab State


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Places / Districts which are not covered will be paid Rs. 175/- per unit. This is because the allowances initially fixed has now become on the higher

side with the larger concentration of Branches in such area. When the allowance was fixed by O.N. 152 dated 10 th June, 2006, the concentration of

Branches was very low and Branches were widely scattered.

When inspection duty is assigned to security inspectors, it shall be ensured that the area where allowances are higher level is clubbed with the area

having lowest allowance in a particular Region / Zone. Rotation of the Security Inspectors shall be made on a monthly basis to ensure that all are

enjoying the benefits of higher allowances in certain places.

Allowances for employees engaged in premises searching (Stage 1)

Employees engaged in searching premises for opening new Branches will be entitled for following allowances in addition to their salary, outstation

allowance, travelling allowance etc.

1. Accommodation allowance2. Daily allowance

3. Reimbursement of actual expenses incurred for telephone calls (Bill shall be produced)

4. Reimbursement of actual expenses incurred for travelling (Bus, train and auto rickshaw) Maximum Rs. 100/- per day for permitted days.

Accommodation allowance will vary depending upon the status of the local body.

Status of local body Accommodation

allowance per day

Daily

allowance

Maximum days

permittedMetro / Mini metro cities Rs. 525/- Rs. 175/- 10

Municipal corporations Rs. 425/- Rs. 175/- 8

Municipal councils Rs. 325/- Rs. 175/- 6

Panchayats Rs. 225/- Rs. 175/- 4

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i) Employees engaged in premises searching will be eligible for accommodation and daily allowance for maximum days permitted even if

they complete their assignment ahead of the days permitted.

ii) Reimbursement of telephone expenses, traveling expenses and payment of outstation allowance will be permitted only for the actual days

spent for locating the premises subject to limit as specified above.

iii) Accommodation allowance will be sanctioned after the lease agreements are signed between the parties and commencement of civil work.

iv) Expenses incurred by the employees engaged in premises searching for taking photograph / recording video of the proposed place will be

reimbursed by the Company on submission of original bills to AGM (Estates & Premises Department)

Finalization of premises (Stage II)

Senior Officials attending finalization of premises will be eligible for:

1. Reimbursement of actual expenses such as Accommodation, Travel, Food etc. based on supporting bills, asper prior approval from CMD. (except for Line Managers)

2. Special allowance of Rs. 1000/- (Rupees one thousand only) per Branch.

Special Allowances for identification and finalization of Branch Premises Senior Officials from HO engaged in identification and finalization of

Branch Premises will be eligible for a special allowance of Rs. 2000/- (Rupees two thousand only) per Branch. Also, they will be eligible for

reimbursement of actual expenses such as Accommodation, Travel, and Food etc. as above. If they are using company vehicle they will not be

eligible for reimbursement of travel expenses.

They will not be eligible for any other allowances applicable for employees engaged in identification (Stage-1) and finalization (Stage-II) of Branch

premises as above.

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Note

1. Special allowance to the Branch Heads will be paid according to the grade of BH and volume of business of the Branch. For lower grade /

volume of business, allowance will be paid accordingly

2. The employees who are eligible for Fixed Transportation Allowance will not be eligible for reimbursement of actual expense, if they are

traveling within the working District. But they will be eligible for reimbursement of actual expense, if they travel outside the District on official duty.

3. Actual Travelling Allowance permitted is the actual bus fare or actual train fare upto the Sleeper class. Employees traveling in upper class facilities

than allowed as per rules shall do it only with the prior permission of Executive Chairman, which is to be taken through a separate request letter

mentioning the reason why this has been necessitated. The claim for excess amount than permitted will also be considered only if the employee

has taken prior permission through a request letter.

4. Employees who work in Life insurance and General Insurance Divisions will be entitled for reimbursement of actual traveling expense subject to a

maximum of Rs.1000/- (Rupees One thousand only) based on the target achievements and duly recommended by the Branch Heads &

concerned Department Heads at A.O.

5. Claim for traveling allowance for joining duty on transfer will not be considered if the expenditure involved is less than Rs.100/- . Likewise, Bata

for traveling purpose will be considered only if the duration of journey exceeds 24 hours and maximum duration for claiming bata is limited to 2

days.

6. Newly joined employees are eligible for actual Travelling Allowance only. They will not be eligible for bata.

7. Employees who are working in Vigilance / IA / Preventive Vigilance Department at Branches are eligible for Bata of Rs.125/- (Rupees

One hundred only) when they visit nearby districts like Ernakulam, Malappuram and Palakkad branches. In all other districts, they will

be eligible for bata applicable to their designation. Apart from the above, they will be eligible for reimbursement of actual TA.

8. Employees attending BH/ABH meeting at AO. will be paid half day bata for number of days and actual traveling allowance only. No additional

bata will be payable, even though BH/ABH training gets extended due to the poor performance of those employees. However, employees working

in nearby Branches of Thrissur District like Edappal, Vadakanchery, North Paravoor and Angamali will be eligible for actual TA only. Ie, they will

not be eligible for Bata.

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9. Employees in HP Division who are eligible for special allowance will not be eligible for any other TA / Bata if they travel within their working State.

10. Former Bankers appointed as Branch Managers / Area Managers will be eligible for Outstation / City / Travelling Allowance applicable to the

grade of Asst. Manager / Manager respectively.

11. The allowances / incentives applicable to Field Region Heads shall be extended to Regional Managers also.

12. Proportionate deduction from Travelling & Other allowance will be made if the employee is in resigned status.

Submission of TA / Bata forms

All employees are advised to submit their TA /Bata claim routed through their Department Heads to HRM Dept. TA / Bata claim should be submitted

along with approved tour report (MS-52) forms and supporting documents (bills). Every claim should accompany supporting / proof for getting the

claim sanctioned

All claims should be submitted to HRM Department on or before 20th of the succeeding month. Any claim received after the prescribed date including

old claims will not be entertained.

This circular supersedes all Circulars issued earlier on the subject.

N R BahuleyanChief General Manager

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Documents

New Staff Norms