BACKGROUND:
The General Body of the Canara Bank Officers’ Association at its 22nd meeting held at Mysore on 3rd and 4th December 2004 had resolved unanimously authorizing the Central Committee to formulate a Scheme to extend financial help to the family members of an Officer who dies in harness by examining different options and also to involve the members in creating a ‘corpus’ in order to give a reasonable amount to the dependents of the deceased members.
Accordingly, the Central Committee of the Canara Bank Officers’ Association at its meeting held at Mumbai on 10th and 11th April 2006 had drawn a comprehensive scheme.
The Salient features of the Scheme are appended herebelow.
With Greetings,
Yours Sincerely,
(S K KOHLI)
GENERAL SECRETARY
SALIENT FEATURES OF THE SCHEME
1. THE SCHEME:
The Scheme shall be run under the caption of “CBOA – BENEVOLENT FUND”
2. OBJECTS:
a) To promote social, cultural, educational and other interest and activities of all the officers of Canara Bank in India.
b) To provide in case of need financial assistance to any officer of Canara Bank in India or to the members of his family.
c) To do such other act or acts as are incidental or conducive to attainment of the above objectives.
3. MANAGEMENT:
a) Fund will be under the direct control of the Canara Bank Officers’ Association (Regd).
b) An account in the name and style of “CBOA – Benevolent Fund” shall be opened in any of the branches of Canara Bank.
c) The account of the Fund shall be operated upon by any of following two office bearers of the Canara Bank Officers’ Association jointly: viz., Treasurer, Vice President, General Secretary and Deputy General Secretary.
4. ACCOUNTS:
The Treasurer shall place the “Receipts & Payments” Statement of the Fund before the General Body of the Canara Bank Officers’ Association for approval.
5. MEMBERSHIP:
All the existing members of the Canara Bank Officers’ Association who are remitting their monthly subscription under the ‘check off’ facility or otherwise and all future members shall be automatically covered under the Fund subject to lodging of requisite mandate with the Bank.
6. MEMBERS’ CONTRIBUTION:
Every member shall pay a sum of Rs.50/- (Rupees Fifty only) per month as ‘Contribution to the Fund’. They shall lodge a Mandate with the Bank to deduct Rs.50/- per month towards the Fund from their salary and allowances under ‘check off’ facility arranged with the Bank. This check off will be effective from the salary payable to Members from month of March 2007. The members can also make yearly contribution in advance.
7. CESSATION OF MEMBERSHIP:
A member shall cease to be a member of the Fund in the event of any of the following:
a) For non-payment of the monthly contribution for three consecutive months.
b) When a member ceases to be member of the Canara Bank Officers’ Association under its rules and byelaws. Viz.,
i. When he / she ceases to be an officer of the Bank by death, resignation, retirement, removal or dismissal – subject to proviso with regard to removal / dismissal from the Bank for participation in legitimate trade union activities.
ii. When he / she is removed or expelled from the membership of the Association as provided under the rules and byelaws of the Association.
8. READMISSION:
Any member of the Fund who ceases to be a member of the Fund, for any reason, may be readmitted, subject to his eligibility to be a member of the Canara Bank Officers’ Association as per the Rules & Byelaws. Such member shall pay all the arrears.
9. OPERATION OF THE SCHEME:
a) In the case of ‘death in harness’ of a member a sum of Rs.3,00,000/- (Rupees Three lakhs only) shall be paid to the nominee/s of the member from the corpus of the Fund.
b) The relief under the scheme shall be payable as a reimbursement of expenses such as:
i. Marriage / Education expenses of children;
ii. Medical expenses of member, his / her parents and other dependents of the deceased member – which are incurred during his / her life time;
iii. Expenses incurred by family members towards funeral, last rites of the deceased member etc.
c) The claim shall be made in the prescribed format to the Treasurer.
d) In order to be eligible for the relief under the Scheme, the member should not be in arrears of Subscription to the Canara Bank Officers’ Association and Contribution towards the Fund.
e) The members are advised to fill the ‘Nomination Form’ while signing the mandate for deduction of contribution to the Fund in order to obviate the necessity of producing Succession certificate by the claimants.
f) In the matter of interpretation of any of these rules, decision of the Central Committee of the Canara Bank Officers’ Association shall be final.
10. LEGAL PROCEEDINGS:
No legal proceedings shall be instituted or commenced without the approval and sanction of the Central Committee of the Canara Bank Officers’ Association.
11. JURISDICTION:
All legal proceedings shall be only within the jurisdiction of the Courts in the city of Mumbai.
12. AMENDMENTS:
The Rules and Regulations of the Fund are subject to amendments by the Central Committee of the Canara Bank Officers’ Association.
13. DISSOLUTION:
The Central Committee of the Canara Bank Officers’ Association shall be empowered to dissolve and adjust the Fund. On such dissolution all monies to the credit of the Fund shall be disposed off in accordance with the directions given by the dissolution Meeting of the Central Committee of the Canara Bank Officers’ Association.
DEDUCTION OF MONTHLY CONTRIBUTION
On our request our Personnel Wing has issued a Special Communication No. 06/07 dated 03.01.2007 advising the branches and offices to effect the deduction for CBOA – BENEVOLENT FUND on receipt of the authority letter with effect from January 2007.
To give sufficient time to our functionaries to visit the branches / offices for taking the authority letter, we have decided to effect the deduction from March 2007.
C B O A : Z I N D A B A D
A I B O C: Z I N D A B A D
BANK OFFICERS’ UNITY: ZINDABAD
THE CANARA BANK OFFICERS’ ASSOCIATION (REGD)
BENEVOLENT FUND
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From: Sri / Smt_________________________________, (Staff No.__________________) Designation:________________, Canara Bank, _____________,
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To: The Manager, Canara Bank, ____________________________(DP Code:________) |
Dear Sir,
Sub: Authorisation for deduction of Contribution towards “CBOA-Benevolent Fund” under Check off facility.
I request you to deduct a sum of Rs.50/- (Rupees Fifty only) being monthly Contribution towards “CBOA-Benevolent Fund” from the salary and allowances payable to me every month commencing from ____________and remit the same by way of Demand Draft favouring “CBOA-Benevolent Fund” to The General Secretary, Canara Bank Officers’ Association, 402-406, Himalaya House, 79, Mata Ramabai Ambedkar Marg, Fort, Mumbai – 400001.
This authorization shall continue to be effective till I expressly revoke the same in writing and such revocation shall be effective from the following month.
Please acknowledge on duplicate of this letter.
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Noted the Authorization (Branch seal / Date / Signature) |
(SIGNATURE OF MEMBER) Date:
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NOMINATION FORM Sub: Nomination to “CBOA – Benevolent Fund”
I, Sri / Smt ___________________________________(Staff No._________) Son / Daughter / Wife of ________________________ hereby nominate following person/s to my membership to the “CBOA - Benevolent Fund”.
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1. Name of the Nominee: |
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2. Date of Birth of Nominee: |
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3. Name of Guardian in case of Minor: |
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4. Relationship with the Member: |
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5. Present Address: |
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Signature of the Member
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Name & address of the member
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Sri / Smt_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ CANARA BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (DP Code _ _ _ _ _ _) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
For Office Use Mem_No:___________________ Nomination Registration _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Signature:__________________ |
THE CANARA BANK OFFICERS’ ASSOCIATION (REGD) CENTRAL OFFICE: MUMBAI CBOA – BENEVOLENT FUND CLAIM FORM
To: The General Secretary, Canara Bank Officers’ Association, Central Office, 402-406, Himalaya House, P.B. No.262, 79, Mata Ramabai Ambedkar Marg, Fort, MUMBAI – 400 001 Sir, I am submitting the following claim for your kind consideration.
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I hereby declare that Sri / Smt ____________________________ had incurred expenditure towards – Marriage / Medical / Educational / Other Expenditure for himself / herself / dependents - during his / her life time by borrowing from Bank / friends / relatives.
Place Date: (SIGNATURE OF THE CLAIMANT)
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For Office Use: |
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Claim Received on:_____________________________. Membership No.:_______________________________. Nomination Regn. No.___________________________. Subscription Arrears, if any: _____________________. CBOA – BF Contribution Arrears: _________________. Any other Remarks:
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Claim Settled on:_______________________________. Demand Draft No:_______________________________. Date of DD:_____________. Amount:_______________. Favouring:_____________________________________. Drawn on______________________________________. Signature & Designation: |
R E C E I P T
I, _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ _ _ _ _ _ _ Nominee of Late Sri / Smt _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ residing at _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ hereby acknowledge that I have received from “CBOA - BENEVOLENT FUND” managed by The Canara Bank Officers’ Association, a sum of Rs._ _ _ _ _ _ /- (Rupees _ _ _ _ _ ___ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ only) by way of PO /DD No. _ _ _ _ _ _ _ _ _ dated _ _ _ _ _ _ _ _ _ _drawn on _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Branch on account of death in harness of Sri / Smt _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ __ (Member of CBOA - Benevolent Fund) and who was working as _____________ in Canara Bank, _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Branch / Office. Date
Place: SIGNATURE