Friday, August 22, 2014

New LFC encashment rate!

Consequent to raise in railway fare from 25.06.2014,
Likely New LFC encashment (75% of full eligible amount)
rate From 25.06.14:

Clerk: 2year block=4193 (3396)
           4year block=6068 (4944)



Substaff: 2year block=3135 (2535)
               4year block=4755 (3870)


Officers Scale 1,2 and 3:=6540(5333)
(once in four year)

Wait for circular to be issued by individual bank.
****************************************
Note: 
1. Clerk eligibility: 2AC -2000+2000 K.M 
(at peak rate+reservation charge+service tax)
2. Substaff eligibility: 3AC-2500+2500 K.M.
( rate+reservation charge+servicetax)
3. Officer eligibility: 2AC-4500+4500 K.M
4. Amount in bracket is present eligible amount.
5. If actual travel undertaken, then the eligible 
new amount will be:
Clerk: 5590(2yr) and 8090(4yr)
Substaff: 4180(2yr) and 6340(4yr)
Officer: 8720

15 comments:

Anonymous said...

I have been working with an RRB from the last 3 years as an officer. Its my 4th year in the bank. Am I eligible for LFC encashment? If yes, what is the procedure to apply?

iqbal alam said...

Pl tell the full procedure & the calculation for 75% lfc for clerk in 4 yrs block. iqbalalam786@gmail.com

Anonymous said...

dear sir, I came to know that bank pay revision has been agreed at 18%, is it true or just a rumour...?? And also it is said that this 18% is for 10years i.e upto 2022, is this also true?? Pliz clarified our doubt??

Anonymous said...

Dear Anonymous. Its really silly to believe such rumours.... When IBA has offered 11% after almost 2 years of talks, do you think its possible for them to jump to 18% all of a sudden..... All such rumours are just rubbish. Infact there is no meeting scheduled till now. And without meeting, there wont be any settlement. So wait for the next meeting date pls.

Anonymous said...

please clear - eligibility of officer for encashment of lfc in total km .

Anonymous said...

Sbi me jansatabdi ka lfc encash award clerk ko milega kya

Anonymous said...

Sir I am going to complete one year probation as a PO on 1st Nov 2014 in Andhra bank. please tell me the procedure so i can get maximum benefit by LFC encashment as I need the money due to some financial problems. please sugess me when and max how much i can get by LFC encashment. I am eagerly waiting for your favorable reply with your valuable experience.

Anonymous said...

Please sugess me......Sir I am going to complete one year probation as a PO on 1st Nov 2014 in Andhra bank. please tell me the procedure so i can get maximum benefit by LFC encashment as I need the money due to some financial problems. please sugess me when and max how much i can get by LFC encashment. I am eagerly waiting for your favorable reply with your valuable experience

kumar said...

sIR, where will we get the new LFC chart,as we tried our best to get the new chart of rate-can you help me,because it is already due in June 2014. I would be thankful to you for your help

kumar

Pappu Roy said...

we want justice please consider all Compassionate appointment past cases before 05.08.14



Regard
Pappu Roy
Assam

Anonymous said...

Plz tell me lfc incashment is 75@ ya 100prcent rail fare

Mahesh Joshi said...

Sir we both me and my wife are psu bank employees can we avail lfc encashment individually plz suggest

sumit said...

http://www.sbisa.org/servicedetails.php?id=15

Karambir Punia said...

Sir i am working in Sarva Haryana Gramin bank since last 2 years.My daily is 300 per day but my sponser bank pnb's full daily is 450.
My 2 days salary got deducted due to strike but my daily did not revise.
Union should take strong steps in this.

ano said...

Yes u r eligible