BENEFITS ACHIEVED

Through BOBROA's efforts, the Issue relating to "Addition of Notional Years (up to 5 Yeras to "Retiree Specialist Officers" under Regulation 26 of 'Bank of Baroda Employees' Pension Regulations, 1995',the Honorable Supreme Court of India gave its verdict on 20^th July 2017 in favour of the Retired Specialist Officers.

Payment of Subsidy towards the Premium paid by Retirees for Group Health Insurance Schme.

Payment of Arrears for the "Short-Payment of Gratuity" to certain groups of Retirees

Providing Option for Pension to the 'Compulsarily Retirees',

Restoration of ½% more interest on term deposits of retirees who are senior citizens over and above 1% allowed to in-service staff 

Issue of Pension Payment Order (PPO) books.

Bank of Baroda Contributory Scheme of Medical Assistance to retired employees, one of the best among public sector banks for superannuated employees. We are actively following up extension of the scheme to VRS-2001 pensions. 

I Card

The Bank Issues an Identity Card to the retirees on request. For getting an I Card, members are requested to contact their pension paying branch or the branch from where they retired.

Concessional Rate of Interest 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.

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 each Zonal Office  looking after Retirees' issues and also establishing a cell for GHI Claim Settlements at Head Office and at certain centres.

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

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% ofthe 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 now made available to the Retirees. At present the rate per day for Holiday Home to the retired officers is Rs. 100/- per day. For the list of Holiday Homes and their Base Branches, please click here  Click here