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RBI-Medical Assistance Fund Scheme (MAFS)-GMP (2017-18) for RBI retirees -Renewal for the period August 15, 2017 – August 14, 2018

14 Aug

As the earlier cashless Medi claim policy taken from United India Insurance Company Ltd expired on August 14, 2017, RBI has, now, renewed the policy for a further period of one year (15-8-17 to 14-8-18)  with United India Insurance Co.Ltd. (UIIC) on the mutually agreed terms and conditions.
There is no change in the Third Party Administrators (TPAs) View/download the list.
All claims pertaining to the MAF members  will be settled by the designated TPA, irrespective of the place where the treatment is taken.
The centers allocated to the TPAs and the new policy will be effective for all hospitalizations commencing on or after August 15, 2017.
The name, contact number and e-mail id of the  representatives of the Insurance Consultants are listed here.

Members  can use same TPA cards provided to them by TPA during previous policy year.
There is no change in the grade-wise limit for ICU, room/bed charges, sum insured per hospitalization as shown here.
The day care list will also be inclusive of day care Medical Treatment undertaken due to advancement of technology.
 The addition to the current list of 140+ day care treatment is Zolendric Injection, Bortezomib Injection & Terifrac Injection administration covered under day care procedure subject to sum insured on cumulative basis.
Service tax, charged by the hospitals, if any, will be paid/reimbursed by the TPA, provided it is within the overall monetary ceiling.
For any guidance/clarification/ feedback etc. relating to the GMP  respective TPA representative  may be contacted.
In all cases, the members may invariably provide their mobile telephone number for receiving SMS for pre-authorisation sanction and carry their MAF (photo) Card along with the TPA Identity Card for verification at the time of hospitalization, which may be required for identification.

In case of prolonged hospitalization where the claim is on reimbursement basis, the member should inform the designated TPA during the period of hospitalization.
There is no change in the other instructions issued in this regard from time to time.
Your may view complete List of Salient Features /Bank’s forwarding letter dated 11-8-17.


Allow RBI to open option to CPF optees – Statutoriastion of Staff Regulations not needed!

11 Aug

COMMITTEE ON SUBORDINATE LEGISLATION ((2016-2017) in its 20th report to (SIXTEENTH LOK SABHA) about RBI PENSION REGULATIONS, 1990 has strongly urged the Government to allow RBI to give one last option to its left over employees from switching over from the CPF to the RBI pension scheme covering even those employees who retired after December 1, 2000 while making it clear that this one is the last and final such opportunity.
Further upholding the independence of RBI in respect of Service matters , the report says
” The Committee strongly feel that the independence of institution like RBI is vital and the decision making in the service matters of the Bank etc. should exclusively fall within the domain of the RBI. ”

The Committee further says ” it fully agree with the submission made by the representatives from the RBI before the Committee that, it is not feasible to statutorize the staff regulations purely because for the reason that the ‘RBI is a Central Bank and it has to change its policies relating to staff very frequently in order to react to market conditions’.

” The Committee, therefore, feel that statutorising the service Regulations under section 58 of the RBI Act instead of allowing them to continue under Section 7 is likely to have an adverse impact on the overall freedom available to RBI besides causing procedural delays and urge the Government that the RBI (Staff) Regulations, 1948 may continued to be framed under Section 7 of the RBI Act, 1934.”

It is a report that confirms what the  employees have been clamouring for decades , but  Government deliberately ignored the voice of reason for decades in league with others.

We hope now that better sense will prevail and service matters including opening of pension and updation will be allowed to be handled by RBI independent of Government’s interference as urged  by the committee. 

Pension Calculator Aug 17 to Jan 18

31 Jul

DR in respect of family pensioners : 131.85%
In service employees in RBI will get 22 slabs more.


17 Jul

Samadhan, since its introduction in RBI  more than a year back,  continues to  suffer from various glitches. This has  put the RBI Employees/pensioners in deep disappointment.

A computer glitch is the failure of a system, usually containing a computing device, to complete its functions or to perform them properly. Although  short-lived, Glitches can also be costly: in 2015, a bank was unable to raise interest rates for weeks resulting in losses of more than a million dollars per day.[8]

As on date the Form 16 of retirees who received arrears of last salary revision are held up.  The software needs to remove the erroneous Part -B and eventual filing of corrected e-TDS return with IT authorities. Forms 16 pertaining to a  large number of pensioners who reported  their savings under section 80 have also  not been generated till 17th July 2017. 

Various email queries are not being responded to. Helpline too is almost non-functional. Social media / groups have abundance of posts in support of such indifference.
As per latest reports the Samadhan team based at Bengaluru  has moved to Mumbai to remove the glitch which is leading to  non-generation of Form 16. Forms 16 are required to be issued by the Employer under the Income tax laws latest by 31st May 17.  And, if the forms are not issued by then, under section 272A(2)(g) of the I-T Act, the employer is liable to pay a minimum penalty of Rs.100 per day of default till it issues the form.

RBI may not worry about the financial burden of the penalty  as it has billions spares to transfer to the Government. But will it not affect its reputation as a premier national organisation. What about the organisations in private sector? They would have been made to prostrate  before the IT authorities by now. Is it not  really shocking that institution like RBI is not able to issue form 16 within stipulated time when it directs  other Banks to keep their systems updated and without any malfunctioning.

Even the forms 16  that offices began issuing this week suffer from inconsistencies that need not be posted here .
Also , when Samadhan was introduced, Pensioners in RBI felt happy that those registered with Samadhan will now get the  monthly pension  slips  by E-Mail also,  in addition to SMS being sent by the pension crediting banks. This system has not been introduced on all India basis, but only has been applied to  by some offices. Delhi Office pensioners are  yet to see  a monthly email in their registered email accounts. Even  the paper  pension credit advices have since been discontinued .

We are left to the mercy of a software that was not created by God.

Even then,  We pray to God to help the Samadhan team remove the glitches so that forms 16 could be generated before the due date of filing of IT return.



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