CONCESSIONS IN SERVICE CHARGES BEING MADE AVAILABLE TO Defence/Ex-servicemen/Paramilitary Forces:

Our Bank is extending inter-alia the following concessions to various categories of “Defence/Ex-servicemen/Paramilitary Forces Personnel:

1. At par collection of Salary/Terminal Dues;

2. At par remittance to family upto Rs.5,000/- once in a month. However, if the amount of remittance exceeds Rs.5,000/- but does not exceed Rs.10,000/-, 50% of the commission chargeable on total remittance amount will be recovered. Further, they may be allowed one time remittance for payment of school/college fees in a year. Postage and out of pocket expenses are to be recovered.”

It has been observed that there has been a substantial depreciation in the value of rupee in the last many years vis-a-vis manifold rise in salaries of the Defence employees. Moreover, soldiers often receive payments through cheques/drafts sent by Headquarters at the station of their posting. With a view to provide better services to Defence Personnel the above mentioned concessions have been revised with immediate effect as under:

1. At par remittance to family upto Rs.10,000/- once in a month. However, if the amount of remittance exceeds Rs.10,000/- but does not exceed Rs.20,000/-, 50% of the commission chargeable on total remittance amount will be recovered. Further, they may be allowed one time remittance for payment of school/college fees in a year. Postage and out of pocket expenses are to be recovered.
2. At par collection of all cheques to be received from the Govt. in respect of Salary/TA/DA/ Arrears/Terminal Dues etc.