Employees Concession

Gradation

Category Total Points Remarks
AGM Branches Above 100 Circular No. 79/2022 (P&HR)
Super Branches Above 60 but upto 100 Circular No. 79/2022 (P&HR)
Major Branches Above 40 but upto 60 Circular No. 79/2022 (P&HR)
Medium Branches Above 20 but upto 40 Circular No. 79/2022 (P&HR)
Small Branches Upto 20 Circular No. 79/2022 (P&HR)

Loan - Interest Concession Rates

Loans Limit Interest Rate ( Concession)
KPL ₹.3,00,000 8.5 - 8.90% (3%)
CVL ₹.2,25,000 9% (3%)
GOLD ₹.2,00,000 5.25 - 7.25% (2.5%)
KHL (Availed Employees House Loan) ₹.10,00,000 6.5 % (3%)
Akshaya OD-Officers ₹.4,50,000 1.5% above Cost of Funds
Akshaya OD-Workmen Assistants-₹.2,50,000, OA-₹.1,75,000, PTS-₹.1,25,000 1.5% above Cost of Funds
Employees Computer Loan ₹.50,000 6.5%
Employees Special Car Loan ₹.10,00,000 8%

Employee Loans ( Accounts maintained in HO)

Loans Limit Interest Rates
Vehicle Loan - Two Wheeler As in Government
Vehicle Loan - Four Wheeler As in Government
Mangalya Loan ₹.3,50,000 / 10 time of net salary Cost of fund of the company
House Loan As in Govt As in Govt
House Loan (Additional) ₹.5,00,000 As in Govt

Risk Allowances

Allowance Type Employee Category Branch Gradation Amount
Cashier's Allowance Assistants Super / Senior ₹.1,370
Cashier's Allowance Assistants Medium ₹.1,240
Cashier's Allowance Assistants Junior ₹.1,120
Cashier's Allowance Assistants RR Office ₹.750
Cashier's Charge Allowance (Per day) Assistants ₹.70

Gold Loan Risk Allowance Manager Asst. Manager Assistants
Up to 1 Crore outstanding gold loan ₹.350 ₹.550 ₹.440
1-2 Crore outstanding gold loan ₹.500 ₹.750 ₹.500
2-4 Crore outstanding gold loan ₹.600 ₹.1000 ₹.550
4-10 Crore outstanding gold loan ₹.700 ₹.1300 ₹.660
10-20 Crore outstanding gold loan ₹.750 ₹.1700 ₹.880
Above 20 Crore outstanding gold loan ₹.1000 ₹.2000 ₹.1100
20-40 Crore outstanding gold loan ₹.900

Other Allowances

Allowance Type Employee Category Amount Remarks
Spectacle Allowance Officers ₹.5,000 4 times in service with 3 years gap
Spectacle Allowance Workmen ₹.4,400 4 times in service with 3 years gap
Financial Daily Officers ₹.440 Maximum amount per month
Medical Allowance Officers ₹.12,100 Per Year
Medical Allowance Workmen-Regular ₹.8,250 Per Year
Medical Allowance Part Time Employee ₹.6,200 Per Year

Conveyance Allowances

Category Amount (per month) Remarks
Workmen ₹.330 To all Workmen
Assistant Manager ₹.880
Assistant Manager ₹.1100 Don't own vehicle
Officers other than AM ₹.2200

OA Allowancess

Allowance Type Employee Category Amount Remarks
External Duty Risk Allowance Office Attendents ₹.1000 Per Year
Dispatch/ Franking Allowance Office Attendents ₹.550 Per Month
Washing Allowance PTS/Drivers ₹.710 Per Month
Chappal Allowance PTS/OA/Driver/Watchman ₹.950 Amount per year
Driver Allowance Driver ₹.1320 Per month+₹.550 as allowance for halt per day