Reminder On Gratuity

UPDATES ON GRATUITY ENHANCEMENT WEF 01012016 : LETTER WRITTEN BY SBI UNION

TEXT OF LETTER

ALL INDIA STATE BANK OFFICERS’ FEDERATION
(Registered under the Trade Unions Act 1926, Registration No: 727/MDS)
State Bank Buildings, St. Mark’s Road, Bangalore – 560 001

No.6547/25/17 DATE: 25.04.2017

The Chairman,
State Bank of India,
Corporate Centre,
Madame Cama Road,
MUMBAI - 400 021.

Respected Madam,

ENHANCEMENT OF GRATUITY CEILING

The Federation had made several representations to the labour ministry, the finance ministry and to the Bank for immediate implementation of the revised ceiling on Gratuity as extended by the Government of India to their employees with effect from 1.1.2016. The Bank had also assured to take it up with the Government. 
The Reserve Bank of India has also extended the benefit of the enhanced gratuity to their members through an internal decision by them. In view of these developments we were very confident that the State Bank also would take necessary steps for the early implementation of the revision in Gratuity Ceiling.
2. We were expecting that during the current session of the Parliament the issue would have been decided and the benefit passed on to all our retirees with effect from 1.1.2016. Unfortunately, the issue did not come up during the Parliament Session. 
We therefore request you to kindly look into the matter and use your good offices to get the approval from the Government for payment of Gratuity at the Bank level w.e.f 01.01.2016, subject to amendment to the act. Please do the needful.
Please treat the matter as urgent.
Thanking you,
Yours faithfully,


(Y.SUDARSHAN)
GENERAL SECRETARY

It is regretted that UFBU which is umbrella union of all the bank unions has not taken any initiative for enhancement in gratuity ceiling for bankers.

BANKERS/INSURANCE /PSU/PVT SECTOR STAFF WHO HAVE RETIRED/EXPIRED AFTER 01.01.2016 are requested to send emails message to their union leaders to take up the matter with IBA and Govt to ensure that Gratuity ceiling enhancement is made effective from 01.01.2016 at par with Central Govt employees, RBI staff so that every worker who has retired/expired after 01012016 and those who are likely to retire in due course get direct benefit varying from Rs. 5 to 10 lacs each with enhancement of gratuity to Rs. 20 lacs.

PLEASE PASS ON THE MESSAGE TO MAXIMUM PEOPLE WHETHER WORKING IN BANKS/ INSURANCE /PSUS/PVT SECTORS FOR BENEFIT OF ONE AND ALL.
REGARDS
ASHOK ARORA

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My Blog On Gratuity And Letter to PMO