CONGRATULATIONS ON JOINING INDIAN BANK!

Training for 1st Batch of 2014-15 Starts from June 2nd 2014.                          (Next Batch will have to wait for few more months)                           Know your Service conditions!

SALARY FOR A GRATUATE WITH RURAL POSTING:                        Basic Pay Rs.                               :   8000                        SWO. Allowance                          :     500                        D.A (@97.50% May 2014)         :   8287                        H.R.A @7.00%                           :     595                       Conveyance.Allow.                       :     225                        GROSS SALARY                       :  17607              DEDUCTION FOR PENSION FUND :    1678 (Wage revision talks are going on.) ************************************************************************************* *You are eligible for Medical Aid Rs.2000 for the year 2014. *Other Staff welfare benefits:   1. Rs. 100 per month for purchasing Newspaper.   2. Canteen subsidy of Rs.10 per working day.   3. Fuel Reimbursement of Rs.375 per month.   4. And many more viz. Group Life Insurance (Rs.600000), Group Personnel Accident Policy ,       Seed Scheme, Scholoship for education of children, cost of Books/Uniform to children, Health Check-up,       Re-imbursemnet of  Hospitalisation expenses   5. Holiday Homes for rest and recuperation: Rooms at the rate of Rs.10 per room per day at       Tirumala, Darjeeling, Guruvayur Kodaikanal, Mahabaleswar, Ootacamand, Simla, Puri, Kanyakumari       Employee and his/her family members can stay.  6. and many more……                                 *You are eligible for Halting Allowance of Rs.300 for Thanjavur, 500 for Chennai/Bangalore /Thiruvanathapuram per day from the day you land on Training center to the day you join at the branch, Where you are posted + Train /bus fare from training center to branch (keep Bus/train tkt) + Auto Charges. *You are eligible for Leave Fare Concession on actual reimbursement for yourself & dependants, or on encashment basis (75%i.e Rs.3396 per unit) once in 2 years. Can be availed after confirmation. *You can get 3 increments (value around Rs.3000 per month) within one year, if you pass JAIIB &CAIIB.         Comrades have already proved possible and got.  Log on  www.iibf.org.in *You are eligible to avail Loans after your confirmation, usually after 6 months.  *    HOUSING LOAN particulars:    Eligibility : Service: For General/SC/StT employees =2 years; and for Ex-servicemen =on confirmation.    Amount: 90% of cost/ Max. Rs.12 lakhs. Interest Rate: 8% simple.    Repayment: 240 months(principal 180M+Interest 60M)    Purpose:  Consruction of New House, Purchase of Flat or ready built house. ************************************************************************************* **Leave Particulars: *You are eligible for Casual leave of 12 days per year. In the first year pro-rata Casual leave             is allowed. (i.e., If joined in June 2014, you are eligible for 7 days in 2014) *You are eligible for Half Pay Sick Leave @ 2.5 days for every completed month.   (Can be availed during probation period) *You are eligible to avail Privilege Leave after 11 months.             (It will accrue at the rate of one day for every 11 days from date of joining.) *Maternity Leave (for Female Employee): 6 months on one occasion & 12 months during entire career. can be availed even in her first year of service. *************************************************************************************   **TRANSFER POLICY: Eligibility : Max 5 request transfers, subject to ceiling 4 under General,2 under SJS,2 under Inter State. Application will be registered after six months/confirmation. SJS requests will be considered after six months, but according to category rotation for the branch and availability of vacancy. General request will be considered after 2 years, as per category rotation for the branch. (However General requests will be considered after one year, if the requested branch is rural and no request is pending.) ******************************************************************************** **Promotion Policy: The eligibility for promotion process shall be: ACADEMIC/ PROFESSIONAL QUALIFICATIONS GEN CATEGORY-Service SC/STCATEGORY-Service CAIIB both parts Immediate Immediate DOUBLE GRADUATES/POST GRADUATES WITH CAIIB –I/JAIIB 2 2 A. DOUBLE GRADUATES/POST GRADUATES B. GRADUATES WITH CAIIB-I/JAIIB 3 2 A. GRADUATES /N.D.COMS B. DME/DCE/DEE WITH CAIIB-I/JAIIB 4 3 Courtesy: Indian Bank Employees Association (T.N)/BEFI President: K. Gurumurthy (9994184090), General Secretary: K. Krishnan (9444014872)