Monday 22 July 2013

FIXATION OF SALARY OF EX-SERVICEMEN RE-EMPLOYED IN PUBLIC SECTOR BANKS: CLARIFICATION BY DFS (FINMIN)

Ex-servicemen re-employed in banks who retired on/or after 01.01.2006 are eligible to pay fixation in banks based on the pay drawn by them at the time of discharge from the Defence Services which would include band pay Plus grade pay but it does not include MSP

Reproduced text of FinMin letter to DESW dated 28.08.2012:-

GOVERMENT OF INDIA 
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES 
"JEEVAN DEEP"
10, PARLIAMENT STREET, NEW DELHI-110 001

No. F. No.4/1/2012-SCT (B)
dated 28-08-2012
Dear
Please refer to your D.O. No. 12(35)/2011/D(Res-1), dated 24.04.2012 regarding grievances of ex- servicemen re-employed in Public Sector Banks for fixation of their salary in banks.


2. In this connection, 1 would like to mention that the Department of' Financial Services had circulated instructions/directions/circulars such as of the DoP&T's earlier OM No. 3/ 19/2009-Estt.PayII dated 8.11.2010 as well as the Ministry of Defence (MoD'S letter No. 1(4)/2007/D(Pen/Policy) dated 09.02.2011 to all Public Sector Banks(PSBs)/Financial Institutions (FIs) and Insurance Companies (ICs) for compliance.

3. The Indian Banks' Association (IBA) sought clarification from DES on re-fixation of pay to ex- servicemen re-employed in their Public Sector Banks on or after 01.01.2006. Based on DoP&T's OM dated 8.11.2010, it was pointed by this Department vide its letter No. 4/1/2010-SCI (B) dated 23.03.2012 that Ex-servicemen re-employed in banks who retired on/or after 01.01.2006 are eligible to pay fixation in banks based on the pay drawn by them at the time of discharge from the Defence Services which would include band pay Plus grade pay but it does not include MSP. As it created confusion among banks over uniform implementation of the DoP&T's Office Memorandum dated 08.11.2010 the circular was treated as withdrawn.

4.  It has therefore been reiterated that DoP&T's above instructions may be followed in letter and sprit.

With regards,
Yours faithfully,
(L.K. Meena )


0 comments:

Post a Comment

This information provided by NFPE karimnagar. Powered by Blogger.

About Me

KARIMNAGAR, TELANGANA, India
Working as a Postal Assistant from March 28, 2011 Karimnagar Head Post Office and worked as Divisional treasurer for NFPE Union from February 03, 2013 to April 19, 2015.