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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
at

16 comments:

  1. AnonymousAugust 24, 2014 at 10:58 AM

    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?

    ReplyDelete
  2. iqbal alamAugust 25, 2014 at 6:31 AM

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

    ReplyDelete
  3. AnonymousAugust 25, 2014 at 7:55 AM

    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??

    ReplyDelete
  4. AnonymousAugust 26, 2014 at 6:44 PM

    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.

    ReplyDelete
  5. AnonymousAugust 27, 2014 at 9:42 PM

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

    ReplyDelete
  6. AnonymousSeptember 8, 2014 at 7:38 PM

    Sbi me jansatabdi ka lfc encash award clerk ko milega kya

    ReplyDelete
  7. AnonymousSeptember 11, 2014 at 9:19 PM

    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.

    ReplyDelete
  8. AnonymousSeptember 12, 2014 at 8:39 PM

    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

    ReplyDelete
  9. kumarSeptember 16, 2014 at 7:37 PM

    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

    ReplyDelete
  10. Pappu RoyOctober 31, 2014 at 11:46 AM

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



    Regard
    Pappu Roy
    Assam

    ReplyDelete
  11. AnonymousJuly 22, 2015 at 6:45 PM

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

    ReplyDelete
  12. UnknownSeptember 16, 2015 at 6:23 PM

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

    ReplyDelete
    Replies
    1. sumitDecember 21, 2015 at 6:02 PM

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

      Delete
  13. UnknownMarch 26, 2016 at 6:50 AM

    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.

    ReplyDelete
  14. AnonymousJuly 15, 2018 at 2:54 PM

    Hello Sir

    I will complete 4 years in a PSU bank.In 2 year probation , we cannot take LFC. I encashed LFC before the four year block . Am I eligible for hometown LFC after encashing LFC for a 4 year block as hometown LFC cannot be encashed. How LFC encashment is calculated for a 2 year block .

    ReplyDelete