Rules, Rights & Rites -137
I usually post all important items related to official rulings, union news, and other general matters on my YouTube channels: Yourskayveeyes (English) and Anbudan Kayveeyes (Tamil).
However, due to the recent spate of orders and the high volume of information being received, I have not been able to convert every item into a video. Therefore, I am introducing these new slots to post current matters and updates that have not yet been published on YouTube. This ensures you stay informed on every detail, even if a video hasn't been made yet …………….Kayveeyes
Designating Bank of Baroda as the Nodal Bank for the Salary Account Package for its employees.
• The account requires no minimum balance. Zero balance account.
• Employees are eligible for an in-built overdraft facility of up to 3 lakhs.
• Includes free RTGS, NEFT, IMPS, UPI, SMS alerts, and cheque books.
• Offers up to a 60% discount on locker rental charges.
• Features include up to 100% processing fee waivers and interest rate concessions on housing, car, education, and personal loans.
• Insurance Coverage (Free of Cost) The package provides extensive insurance based on employee group:
• Personal Accident Death (PAI):
o Group A: 150.00 lakhs.
o Group B: 120.00 lakhs.
o Group C: 100.00 lakhs.
• Air Accident Insurance: Provides additional coverage equal to the base PAI amount (up to 150 lakhs).
• Term Life Insurance:
o Group A: 15.00 lakhs.
o Group B: 12.50 lakhs.
o Group C: 10.00 lakhs.
• Add-on Covers: Includes education/marriage covers for a girl child and on-duty coverage.
Card Privileges
• Debit Cards: Lifetime free premium cards (Select or Platinum variants) with benefits like free health checkups, spa sessions, and gym memberships.
• Credit Cards: Annual and issuance fees are waived; includes airport lounge access and fuel surcharge waivers.
• Lounge Access: Domestic and international airport lounge access is available on both debit and credit cards, subject to spend criteria.
• Up to four zero-balance "PARIVAAR" accounts can be linked for family members.
• Includes free online video consultations from Practo for the holder and up to six dependents.
• Salary accounts can be converted into pension accounts upon retirement, with PAI coverage continuing until age 70.
• If no salary is credited for three consecutive months, all special benefits under the scheme will lapse.
• Insurance benefits (PAI/GTL) are only provided if the salaried person is the first account holder in a joint account.
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