Thursday, November 18, 2010

AIBOC DEMANDS SPECIAL ALLOWANCE FOR OFFICERS WORKING IN RURAL BRANCHES

The summary of letter written by Mr Nadaf to IBA regarding Special Allowance for Officers of Rural Branches :


"It has appeared in the newspapers columns that the Department of Public Enterprises (DPE) has worked out a proposal for giving incentives to officers, if they agree to serve in far-flung rural areas. In the Banking Industry, an officer of the Bank shall have to undergo a minimum of 2 years service in a rural branch or minimum service of 3 years in a rural and/or semi urban branch to become eligible for promotion from MMG Scale III to SMG Scale IV.
  But, the rural service undergone by the officers does not entitle them for any monetary incentive. As a consequence, there is reluctance on part of the Officers to go to the rural branches, especially the branches located in far flung, remote areas and as a consequence many rural branches go without a permanent branch head.

2.       In this background, it is very essential to incentivise the officers posted to rural branches, besides giving weightage for promotion to higher scale. This will certainly act as a sop to young officers to go to rural branches and reach the banking services in the hitherto unbanked areas.

3.       The DPE has recommended a special allowance amounting to 10% of the basic pay and we request you to introduce the incentive scheme in the Banking Industry for the officers working in the rural branches identified in conformity with the guideline issued by Reserve Bank of Inida. This will motivate the young officers to go to rural branches and implement the programmes of the Government for generating employment opportunities, poverty alleviation, financial inclusion, lending to priority sectors such as Agriculture, small and medium enterprises etc.........:

2 comments :

kavya said...

For his successful completion of 9th BPS he is properly rewarded by becoming director of SBI.
Now you can guess what you can expect from him for staff of other banks other than SBI.Can we expect updation of pension and better working conditions for bank officers under his leadership.

rishikesh said...

he cant be blamed for others.
at least he is alert for sbi,
what about others!

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