Bank of Baroda Retired Officers' Association

0265-2351630
bobroa90@gmail.com

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Pre-pension era, in Banking Industry, a retiree on his receiving retiral dues such as Provident Fund – self and Bank’s contribution – Gratuity, Leave Encashment, Additional Retirement Benefit was forgotten by the Bank as also trade union to which he was attached for over three decades, during service period. His bonds with organization, colleagues were snapped overnight and he felt totally cut off and grappled to adjust to the void created by sudden cessation of linkages with the institutions, colleagues and friends. It was a sort of “corporate death” for a retiree.

In such an environment closely observing the efforts of such retiree to come to terms with changed situations at home and society, Shri V. T. Makwana mooted and placed before few like minded friends the idea/proposal of forming an organization to provide a platform to continue the snapped linkages and foster the spirit of fraternity and fellowship among the retirees.

Late Shri A. A. Raval, Shri K. R. Patel, Shri B. N. Patel, Shri C. J. Pancholi whole heartedly accepted the proposal and after establishing contacts with retiree colleagues in Gujarat, a meeting was convened at Ahmedabad on 17th March 1990 to give final shape to the idea.In such an environment closely observing the efforts of such retiree to come to terms with changed situations at home and society, Shri V. T. Makwana mooted and placed before few like minded friends the idea/proposal of forming an organization to provide a platform to continue the snapped linkages and foster the spirit of fraternity and fellowship among the retirees. Sarva Shri (Late) A. A. Raval, K. R. Patel, B. N. Patel, C. J. Pancholi whole heartedly accepted the proposal and after establishing contacts with retiree colleagues in Gujarat, a meeting was convened at Ahmedabad on 17th March 1990 to give final shape to the idea.

The meeting was attended by -15- retired officers from Ahmedabad, Rajkot and Baroda. After discussions and deliberations it was unanimously decided to form an organization of retired officers colleagues of Bank of Baroda to be known as “Bank of Baroda Retired Officers’ Association.” A  formal Constitution  and Election Rules was adopted after due discussions. It was decided to organize the Association on All India basis having unitary type Constitution..

A circular was issued on the same day and mailed to retired colleagues known and also to others after obtaining a list of retirees from Head Office, Baroda.Besides this, A communication was also addressed to the Chairman & Managing Director advising formation of the organization and its office-bearers. In that first communication, the following requests were made:

  • Extending Holiday Home facility
  • Extending Medical Assistance
  • Introduction of Pension Schem

The formation of "Bank of Baroda Retired Officers’ Association" (BOBROA) on all India basis was whole heartedly accepted by retired colleagues and within a period of six months, more than 100 retired officers from Gujarat, Maharashtra, Rajasthan, Uttar Pradesh were enrolled. After introduction of pension, the enrollment of members got further momentum and today, after its over -32- years’ glorious existence, its Membership  has crossed the mark of 14859+. BOBROA has membership from all cadre of officers, from Chairman & Managing Directors, Executive Directors, General Manager and up to officers in junior level.

BOBROA MemberShip Growth

ACHIEVEMENTS

Concessional rates on deposits
The Bank grants special concessional rates to the retirees on their deposits. It is 1% above the rates available to the public.
Concessions in Service Charges
The Bank grants various concessions to the retirees, as in force from time to time. The retirees are requested to contact their branch manager to avail these concessions.
Diagnostic Charges at concessional rates for whole body check up Rs. 1000/- at specified centers and hospitals. Health Check-Up Scheme for Retirees introduced and reviewed

Abhinandan Medal on Retirement
The retiring employees are entitled for a silver medal “Abhinandan Medal” on the day of their retirement. Felicitation of Retirees by the Bank under “Abhinandan Yojana”.

Publication of Hand Book for Members

Centenary -4- grams Gold Coin to all surviving Retirees.

Introduction of Financial Assistance of ₹ 8,000/- p.m. to pre 1986 retirees in addition to Ex-Ggratia now raised to Rs 10,000/pm over and above Ex-Gratia

Loan facility to staff pensioners against pension, also for payment of Insurance Premium and COVID -19 interest free advance to retirees.

Legal and Financial support to Retirees facing police/ court cases, CBI Cases  and payment TE/ DA bills

Payment of arrears of short interest on SB/FDR accounts of pensioners & family pensioners as per entitlement and also on FDRs kept prior to 14/7/2014 where spouse name was primary

Bank launched an Ex-Employees Portal exclusively for retirees as demanded and now migrated to HR Connect

Identification of Nodal Officer at ZO for Retirees issues and also cell for GHI Claim Settlements at certain centres & HO

Job opportunity for Retirees- BCs, BCs Administration, Legal Audit , Concurrent Audit ,DSAs, etc.

COVID-2019 separation facility & arrangements for COVID doses

On line web based presentations on digital offerings , calling us for training to retiring and making available their infrastructure for Retirees’ Training / Workshop / Help Desk

Retirement training facility for planning retired life

Notional addition of 5 years of pensionable service to Retirees who opted VRS 2001 (This was through Supreme Court judgement)

Second Option of Pension to P F Optees and extension thereof to VRS Optees under Regulation 19(1) of BOBSR 1979.

With regular follow-up by BOBROA with CBPRO and UFBU, IBA has issued clarification for release of Stagnation Increments to those retired during 10 and 11th BPS.

BOBROA working in coordination with CBPRO- UFBU was instrumental in redressal of family pension issue- Family Pension raised to uniform 30% from 15% of last drawn pay without ceiling.

BOBROA’s demand for extension of Pension Option to Compulsorily Retired Officers and encashment of their Privilege Leave agreed

Sanction of Ex-Gratia at certain factor to all Pensioners and Family Pensioners

Redressal of issue of 100% DA neutralisation to pre 2002 Retirees

Retiree from Nov 2022 are given DR based on index at 8088 shifted to 2016 from Base Year 1960

Holiday Homes
Bank’s Holiday homes are available to the retirees. At present the rate per day to the retired officers is Rs. 20/- per day. The list of Holiday homes and the Base Branches is given here under. Click here

 
 
 

Benefits to Retirees

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Identity Card
Medical Assistance Scheme
Concessional rates on deposits & more..

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Pending Legal Issues

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100% neutralization of D.A. for Pre 2002 Retirees
Payment of arrears of Pension revision to post
01-04-1998 Pensions

 

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Contact BOBROA

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418-A, Lalita Tower, 
Behind Railway Station,
Station-Akota Road,
Vadodara-390007.
bobroa90@gmail.com

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