EX-GRATIA

Dear pensioners

EX-GRATIA

FAQS AND ANSWERS

1.WHY EX-GRATIA

IN THE CASE OF UPDATION OR IMPROVEMENT OR RIVISION BANKS HAS TO APPROPRIATE FUNDS AT THE RATE OF 1-120.

FOR FP IMPROVEMENT 20400 CRORES APPROPRIATED AND AMORTIZED FOR 5 YEARS WHICH IS DIFFICULT FOR UPDATION AND ACTUARY REPORT AND AMENDMENTS REGULATIONS TO GO THROUGH WHICH INVOLVES LONG TIME PROCESS AS OBSERVED IN PAST.

COURT CASES WILL NOT BEING THE DESIED RESULT.

IN SBI ALSO FOR 50%HIKE FROM40%FOR 17% RETIREES AN AMOUNT BB OF 239 CRORES WITH APP.

.OF 5400 CRORES IS PROJECTED.

2.WHAT THE EX-GRATIA AMOUNT WILL BE 

IT WILL BE SUBSTANTIAL.

REFER PRE 1986 RETIREES FOR THEM EX-GRATIA IS ₹10000-AN INCREASE OF ₹5000-.

IT WILL BE MORE FOR PRIOR TO 1.11.2007 AND LESSER FOR AFTER 1.11.2007 THE RATIONALE BEING THOSE DRAWING MORE LESSER AND THOSE DRAWING LESS HIGHERER.

3.IT IS FOR EVERY MONTH AND NOT ONE TIME AFFAIR AND APPLICABLE FOR FPS ALSO.

4.IT WILL NOT ATTRACT DA.

5.WHETHER MERGER AT 8088

IRRESPECTIVE OF MERGER THE EX-GRATIA WILL BE GOOD.

WITH BEST WISHES, 

Mukund Raghavachari