Allahabad Bank: Salary & Allowances – Part II
Furniture & Fixture
Scheme for providing furniture/fixtures/electrical & electronic items to executives/officers of the bank
1. Eligibility:
1.1.All confirmed Executives/Officers are eligible to avail the facility of furniture/fixtures/electrical & electronic items under the Scheme, irrespective of their stay in Bank’s own flats / Bank leased accommodation / Personal leased accommodation / rented accommodation / own accommodation.
1.2.Where both husband and wife are Executives/Officers in our Bank, only one of them is eligible for provision of quarters/leased accommodation and furniture/fixtures/electrical & electronic items. If his/her spouse is working in a different organization and the Executive/Officer is intending to have the facility of
furniture/fixtures/electrical & electronic items from our bank, he/she should give a declaration that the spouse has not availed the facility of furniture/fixtures/electrical & electronic items in his/her organization and/ or the facility will not be claimed by him/her from the said organization in future
2. Monetary Ceiling of Furniture/Fixtures/Electrical & Electronic items:
| Grade/Scale | Maximum Monetary Ceiling (in Rs.) inclusive of taxes |
| JMG Scale I | Rs. 1,00,000 |
| MMG Scale II | Rs. 1,25,000 |
| MMG Scale III | Rs. 1,50,000 |
| SMG Scale IV | Rs. 1,75,000 |
| SMG Scale V | Rs. 2,00,000 |
| TEG Scale VI | Rs. 2,25,000 |
| TEG Scale VII | Rs. 2,50,000 |
3. Periodicity
3.1.Executives/Officers are eligible to avail this facility once in their entire career.
3.2.The eligible Executive/Officer may purchase furniture/fixture/electrical & electronic items under the Scheme for the entire permissible amount either at a time or in maximum three installments during the career.
3.3.On promotion of the Executive/Officer concerned, the difference of monetary ceiling, if any, will be available for purchase of additional furniture/fixtures/electrical & electronic items as per the prescribed list.
4. Purchase of furniture/fixtures/electrical & electronic items by the Executive/Officer at the time of retirement/ voluntary retirement/ resignation/ termination/ death
4.1.At the time of retirement/voluntary retirement, the Executive/Officer concerned must repurchase the furniture availed under the Scheme at WDV(Written Down Value) as on the date of retirement/Voluntary Retirement after considering the depreciation.
4.2. In case of death of the Executive/Officer while in service, who has already availed the facility under the Scheme, the family of the deceased Executive/Officer i.e. spouse or the PF Nominee will have
to repurchase the furniture/fixtures/electrical & electronic items availed under the Scheme, on Written Down Value (WDV) as on the date of death
Reimbursement of conveyance expenses
Category of Officers | Conveyance Expenses Reimbursement (either fuel expenses or fixed conveyance expenses on self-declaration basis) | |
A)Branch Managers/ Retail Banking Boutique & CRBB Heads | Fuel Expenses reimbursement to those having own car/two wheelers (documentary ownership proof to be provided) being used for business development (excluding those provided with | Conveyance expenses reimbursement to those having no |
Bank’s car for Office/Personal use) | car/two wheelers | ||
Two Wheelers | Car | ||
Eligibility | Eligibility | Eligibility (Rs) | |
JMG Scale – I | 30 Ltrs per month | 35 Ltrs. per month | 500/- per month |
MMG Scale – II | 30 Ltrs per month | 60 Ltrs per month | 600/- per month |
MMG Scale – III | 40 Ltrs per month | 75 Ltrs per month | 700/- per month |
SMG Scale – IV | 50 Ltrs per month | 80 Ltrs per month | 1200/ per month |
Category of Officers | |||
B) Officers/Managers (other than Branch Managers/ Retail Banking Boutique & CRBB Heads and Chief Managers/Senior Managers/Managers/officer s posted in controlling office/FGM’s Secretriat etc. | Fuel expenses reimbursement to those having own car/two wheelers (documentary ownership proof to be provided) being used for business development (excluding those provided with Bank’s car for Office/Personal use) | Conveyance expenses reimbursement to those having no car/two wheelers | |
Two Wheelers | Car | ||
Eligibility | Eligibility | Eligibility(Rs) | |
JMG Scale – I (officer) | 20 Ltrs per month | 25 Ltrs per month | 300/- per month |
JMG Scale – I (Assistant Managers) | 25 Ltrs per month | 35 Ltrs per month | 350/- per month |
MMG Scale – II | 30 Ltrs per month | 55 Ltrs per month | 400/- per month |
MMG Scale – III | 40 Ltrs per month | 60 Ltrs per month | 500/- per month |
SMG Scale – IV | 45 Ltrs per month | 70 Ltrs per month | 800/- per month |
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