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IBA - Reimbursement Expenses On Transfer

The document discusses revisions to reimbursement rates for transporting personal effects when officers are transferred. The Indian Banks' Association recommends: 1) Increasing transportation allowances for officers based on basic pay and family status, with the highest allowance being 12,000 kgs for officers over Rs. 49911 basic pay. 2) Increasing reimbursement rates per tonne-km for transportation, with the new rates being Rs. 5.90 for the first 1000 km and Rs. 4.25 thereafter. 3) Allowing reimbursement up to 300 km for short-distance transfers and doubling rates for transfers to/from hilly areas.

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Lalit Rathod
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7K views2 pages

IBA - Reimbursement Expenses On Transfer

The document discusses revisions to reimbursement rates for transporting personal effects when officers are transferred. The Indian Banks' Association recommends: 1) Increasing transportation allowances for officers based on basic pay and family status, with the highest allowance being 12,000 kgs for officers over Rs. 49911 basic pay. 2) Increasing reimbursement rates per tonne-km for transportation, with the new rates being Rs. 5.90 for the first 1000 km and Rs. 4.25 thereafter. 3) Allowing reimbursement up to 300 km for short-distance transfers and doubling rates for transfers to/from hilly areas.

Uploaded by

Lalit Rathod
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Indian Banks' Association

RELATIONS
HR & INDUSTRIAL

HR&IR/MBR/743/2022-23/11714

February 1, 2023

11th Bi-partite Settlement/8th Joint Note Dated


MD & CEOs of member banks party to

11.11.2020

Dear Sir/Madam.

Revision in the rate of reimbursement of expenses towards transport of personal effects of


an officer on transfer from one place to another - Reg.42(2) of Officers' Service

Regulations
IBA had received representations from member banks regarding revision in the rate of
reimbursement of expenses towards ransport of personal effects of officers on transfer from
one place to another, since the existing rates werë fixed. in April, 2011. The mater was
placed before the Standing Committeeon HR of the Association at its mecting held on 20t
January. 2023 which examinedthesuggestionsand recommendedthefollowing

2.Considering the fact that shipments are happening only through Lorry the following limits
may be permitted for Officers on transfer to one place to another:

Basic Pay range(Rs.) Officerwith family Officer with no family


36000-49910 *********** *****
3000 Kgs/3 Tonne 500 Kgs/ 1.5 Tonnie
49911 and above 12000 Kgs/ 12 Tonne 2500 Kgs/2.5 Tonne w.oevwwd

3.The rates stands revised as under:


nwoooneewe OAwes

Distance in Kilómeters Existing Rate in Rs. per Revised Ratein Rs. per
***
tonne per
oeree
k.m **
tonneper k.m
Upto 1000 kms. swwwww.w.wwww.wwwwweummwoisundkian
Rs.2.80 Rs.5.90
Beyond 1000 kms. Rs.2.00 wwwwwice Rs:4
(The above rates will be applicable on slab basis. For the first 1000 kms the sate shall be
Rs.5.90 per Km and thereafier it is Rs.4.25 per Km.)

4.In case of Omicers transferred to shorter distance upto 300 kms., thereimbursement may be:
permited upto 300 kms. In case of Officers transferred to and from hilly terrains may be
reimbursed to the extent of two times of applicable rate for the distance covered in hilly
terrain and at normal rate for the balancedistance.

website : www.iba.org.in
Parade, Mumbai-400 005, Tel. +91-22 2217 4040
eCentre Complex, Centre 1, 6th Floor, Cuffe
lnian Band's Asseciation cONTINUATTON SHEET
I Oir uilt aNiani under n ith Fanily category if he she has depcndent
miPamias itinad in the Jvint ne) members

Managing Comnitr at mating held on 20h January 2023 apprved the


wwmmniatimof the IRA Standing C'ommitte on iIR. Banks may consider for unitorm
m t iN aviai ahne rates as ravmmendat, atter seeking the required
approval.

Nurs taithtiully

BrajeshnaaSharn
Senior Audh isor (HRSIR)

CCtoDesignated ORicers of Pt. Sartor Member Banks which are parties to the Bipartite
Settlement

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