THE CANARA BANK OFFICERS'

 ASSOCIATION (REGD)

( Affilated to AIBOC )

 

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C A N A R A    B A N K

PREMISES POLICY & ADMINISTRATION SECTION

G.A.WING : 112 : J C ROAD

HEAD OFFICE : BANGALORE 560 002

 

INDEX         : STAFF : 4

CIR. No.     : 36/2003

DATE         : 26.02.2003

                       AJIR

 

 

 

 


 

 

 

SUB :: ENHANCEMENT IN RENTAL CEILING TO THE QUARTERS OF

             OFFICERS,MANAGERS & SENIOR MANAGERS

                                              ***********

 

 

Rental ceiling for the quarters of eligible Officers/Managers/Senior Managers was last revised w.e.f. 1/11/1999 as communicated vide our Circular No.231/99 dated 23/10/1999.

 

The representatives of Canara Bank Officers’ Association had been requesting for enhancement in the rental limits. The matter was examined and placed before the Chairman & Managing Director, who is pleased to permit enhancement of renal limits of the quarters of eligible officers in Scale I to III, w.e.f. 01/03/2003 as furnished here below:

 

SL.

NO.

PLACE / CENTRE

SCALE – I

 Rs.  pm

SCALE – II

Rs.   pm

SCALE – III

Rs.   pm

  1.

 

  2.

 

  3.

 

 

 

 

  4.

 

 

 

 

 

 

 

   5.

    6.

 

Delhi & Mumbai

 

Bangalore

 

Kolkatta,Chennai,Hyderabad

Secunderabad,Ahmedabad,

Chandigarh,Faridabad,

Gurgaon

 

All State Capitals & Places

with a population of 10 lacs

& above and also the

following places:

Ghaziabad,Agra,Silvassa,

Panaji-Goa,Panchakula,

Mohali

 

Port Blair

Area II

(Centres with population of

Above one lac but less than

10 lacs and also New Tehri

Town)

   4800

 

   4300

 

   4000

 

 

 

 

   3500

 

 

 

 

 

 

 

    2800

   2400

 

   5000

 

   4500

 

   4200

 

 

 

 

    3700

 

 

 

 

 

 

 

    3000

   2600

  5200

 

  4700

 

  4400

 

 

 

 

  3900

 

 

 

 

 

 

 

   3200

   2800

    7.

Area –III

(All other Centres)

   1900

    2100

    2200

 

 

Further, the following  may please be noted :

 

  1. The enhancement in rental ceilings will be effective from 01/03/2003 and will be

valid for a period of three years.

 

  1. The revised rental limits will be applicable only to the quarters newly taken or to the existing quarters at the time of renewal. The revised limits are not applicable to subsisting leases. In the case of quarters earlier fixed at a rent higher than the earlier limits, the differential amount can be permitted up to the present  ceiling from the effective date i.e., 01/03/2003.

 

  1. In respect of quarters of Officers/Managers working in Urban agglomeration of  cities , the rental ceiling as applicable to cities will be made applicable.

 

  1. Fixing up of quarters either on personal lease or on Bank’s lease should have prior approval from the concerned  sanctioning authorities.

 

  1. The rental limits mentioned in the circular are only the maximum permissible limits and efforts should be made to secure suitable quarters for rent below the ceiling.

 

  1. For other details Branches/Offices may refer Manual of Instructions on Premises Matters (updated till. 30/11/1991) chapter -II,  - Quarters and be guided by the same.

 

 

 

ALBERT TAURO

DEPUTY GENERAL MANAGER