PRESENTING MEMENTOS

TO

RETIRING EMPLOYEES ON SUPERANNUATION

(Memo 79/2006 dt 29/11/2006 )

The scheme is intended to reward the  retiring  employees  for their contribution to the Bank while they were in the service.

a.     All employees who shall retire from 01.04.2006 onwards on superannuation only shall be entitled for the memento.

b.     Employees who shall retire  under  Voluntary Retirement Scheme of  the  Bank/employees  who have  been  discharged/dismissed/ removed from  the  service/compulsorily  retired/terminated on the grounds of misconduct/who resigns  from  the  services  of the Bank are not entitled for the memento.

c.      The memento  shall  be  in  the form of presenting one pair of wrist watch (one  lady's  model  and  one  gent's  model  with Bank's emblem on the dial).

d.     The memento shall be given on the day of superannuation.

e.     The memento shall be bestowed only on receipt of advice from the respective HRM Section.

f.       HRM Sections  are required  to  despatch  sufficient  number of watches to the respective branches depending  on  the number of employees  retiring  on  superannuation  during  the year.