Schol arshi p Scheme to Provi de Fi nanci al Assi stance to one Tal ented Chi l d
of the Empl oyee:
The Object of the scheme is to provide financial assistance to one child of the
subordinate staff for graduation/post graduation and also to provide scholarship to
one talented child of award/officer staff for pursuing technical education subject to
other terms and conditions as prescribed here.
The scheme would be effective from the academic year 1999-2000.
3. REIMBURSEMENT OF TUITION FEE FOR COLLEGE EDUCATION
a) Reimbursement upto Rs.4,000/- will be made towards the actual expenditure
incurred for payment of tuition fee, examination fee, deposits, if any, not being
refundable in nature (excluding hostel charges) to one son or daughter of subordinate
staff including permanent part-time employees. There shall be no minimum
percentage of marks in the qualifying examination and the student should consistently
succeed in the examination every year until graduation/post graduation is completed.
b) Reimbursement will be available for graduation/post graduation in any discipline
of arts, science or commerce.
4. AWARD OF SCHOLARSHIP FOR TECHNICAL EDUCATION
i) Scholarship may be awarded to one talented child of award / officer staff by way of
reimbursement for graduation or post-graduation in Medicine, Engineering,
Architecture, Agriculture (not as one subject), Computer (not as one subject) and Post
graduation in Management and Post Graduation Diploma of two years in the
Management from any recognized University and/or from an institution recognized
ii) The scholarship will be by way of reimbursement of the actual expenditure
incurred for payment of tuition fee, examination fee, deposits, if any, not being
refundable in nature and other expenditure like slide-rules, drawing boards,
stethoscope, books etc. or Rs. 7,000/- p.a. whichever is less.
iii) There will be no requirement of minimum marks in the qualifying examination
and mere fact of admission to the courses mentioned in clause 4(i) above shall be
adequate for grant of scholarship.
5. FOR SPECIAL PROVISION STUDYING OF CHARTERED ACCOUNTANCY
Those who study for Chartered Accountancy, shall be eligible for reimbursement of
actual fee paid to the Institute of Chartered Accountants of India. Reimbursement
shall be made in two stages, one after the completion/qualifying the intermediate and
final on completion and qualifying for becoming Chartered Accountant within an
overall limit of Rs.7,000/-.
6. ADMISSION OF SCHOLARSHIP
i) Reimbursement under the scheme will be available to only one child of award /
officers staff, including the permanent part-time employee in the subordinate cadre.
ii) Child means any child of the member of the award/officer staff and/or legally
adopted son or daughter.
iii) The student should be a regular student in a college or technical institute
recognized by the Govt. or Board or University and scholarship will not be available
for pursuing studies by taking correspondence course or postal tuitions as a private
iv) Scholarship shall not be available to any child who is already receiving
scholarship or financial assistance either from any Govt. or the Agency or from any
v) The reimbursement of tuition fee or scholarship will be allowed on the basis of
certificate issue by the Institutions in which the student is studying. They shall also
provide the marks sheet in respect of each qualifying examination. The scholarship
may be renewed for succeeding year for the duration of the course in question.
vi) The request for reimbursement should be accompanied by documentary proof of
the actual expenditure incurred for tuition fee, examination fee and deposits, if any,
not being refundable in nature and other expenditure like slide-rules, drawing boards,
stethoscope, books etc.
7. WITHDRAWAL OF SCHOLARSHIP
- Reimbursement of college fee or scholarship, as the case may be, may be withdrawn
on any of the following conditions:
- Failure/Reappear of a student in any paper or detention of a student in any class or
- If the student gives up the chosen course of study before its completion.
- If the student is not allowed to take examination on account of failure to put in,
without any valid reason, minimum number of days of attendance.
- If the parent employee ceases to be in the services of the bank for any reason
- Decision of the Board of Directors of the Bank shall be final in the matter of
continuance or otherwise of this scheme.
An employee who desires that his/her child may be considered for financial assistance
under the scheme may make application in the prescribed form as per Annexure A
and submit the application to the respective Incumbent Incharge. The Incumbent
Incharge will verify and confirm the eligibility of the candidate under this scheme and
forward the application along with the duly attested copy of the marks
sheet/certificates in respect of the last qualifying examination to the respective Circle
Office. The applications in respect of the employees working at Head Office, would
be sent to HRD Division, HO, New Delhi.
Application for scholarship/reimbursement of tuition fee etc. should be submitted
immediately after getting admission to college/institution.
The HRD Section at Circle Office shall process and put up such cases to the
committee consisting of Assistant General Manager/Chief Manager and a Senior
Manager to be constituted by the Circle Head to decide award of reimbursement of
tuition fee or scholarship. The applications received by the HRD Division, HO, New
Delhi shall be processed by the Division and put up such cases to the committee
consisting of Deputy General Manager (HRD)/Assistant General Manager (HRD) and
Chief (HRD) to decide award of reimbursement of tuition fee or scholarship.
The aforesaid Committees will be the sole judge as to the number of scholarships to
be awarded and the discipline for which the scholarship is to be allowed. The name
of the candidates who are awarded scholarship will be communicated to the
branches/Divisions, as the case may be.
9. MODE OF PAYMENT
All the applications should be sent to HRD Section of the Circle/HRD Division, HO,
New Delhi, as the case may be, on the prescribed application form annexed hereto as
The scholarship shall be paid in one instalment. The instalment shall be paid on
completion and submission of mark sheet of yearly examination on the basis of which
the candidate was admitted to next higher class/session/semester. All the bills etc.
including bills for purchase of books shall be duly certified by the Head of the
Institution. The employee shall verify the bills and the payment shall be made directly
to the beneficiary by pay order.
10. ACCOUNTING PROCEDURE
The amount of scholarship when sanctioned will be paid by the Branch Manager to
the employee concerned by a cheque or by a pay order to the debit of "Miscellaneous
Expenditure HO Sanction" and proper record thereof would be kept.
11. FUNDS FOR AWARDING SCHOLARSHIP
The Personnel Committee on the recommendation of Core Working Group on
welfare measures shall decide the amount to be allocated for awarding scholarships
each year. The allocation shall be made immediately after the finalization of the
Balance Sheet for respective year.
12. ADMINISTRATION OF THE SCHEME
The Personnel Committee of the Bank may modify the scheme or any term thereof
any time in the light of the experience gained, on the basis of recommendations of the
Core Working Group on welfare measures.
PUNJAB NATIONAL BANK
The Chief Manager
Punjab National Bank,
REG: AWARD OF SCHOLARSHIP
I. DETAILS OF THE CANDIDATE SEEKING RIMBURSEMENT
(i) -Name of the Candidate :
-Date of Birth of Candidate :
(ii) Course in which admission secured :
a) Details of session :
b) Name of the institute :
c) Duration of the Course :
d) Last examination passed after which
admission has been sought in the
present course :
(iii) Total Tuition fee paid (Original Bills :
from the Institute must be submitted.)
a) Refundable (Security Money etc.) :
b) Non-Refundable (Exam/Tuition fee) :
c) Books/Stationery :
DECLARATION BY THE CANDIDATE
The particulars furnished above are true to the best of my knowledge and belief I
confirm that I am not in receipt of any scholarship from the Govt. / its agency or
other institute for continuing the said course.
SIGNATURE OF THE CANDIDATE
II. DETAILS OF THE EMPLOYEE
(i) Name of the employee :
(ii) Designation :
(iii) B.O. :
(iv) P.F. No. :
I hereby declare that Sh./Ms.______________________________,
my son/daughter is not receiving any scholarship from the Govt. or any other
institution. The claim lodged above is for one child only. Particulars furnished above
are true to the best of my knowledge and belief. If at any time it is found that any of
the particulars mentioned above are not correct, scholarship already sanctioned by the
bank shall not only be discontinued, but I am liable to refund the entire amount
already drawn and/or the bank is also entitled to recover the amount already drawn by
me without prejudice to the right of the bank to take such action that the bank deem
fit against me for this wrongful declaration.
I further declare that I have not availed scholarship facilities earlier for the other
SIGNATURE OF THE EMPLOYEE
DECLARATION BYTHE EMPLOYEE:-RECOMMENDATIONS OF THE INCUMBENT INCHARGE
That the particulars given above are correct. I have verified the mark sheet,
certificates as well as the bills claimed by the employee and recommend for sanction
of scholarship as per bank’s guidelines. The copies of mark sheet/certificate and
other relevant documents duly attested by the undersigned and original bills/vouchers
duly verified by the employee are enclosed herewith.
IV Certificate to be issued by the Principal/Head Master/Head of the institute where the
candidate is continuing his education. The certificate must be signed by the Head of
the institute and not by any of the authorities of the Institute.
CERTIFICATE BY THE SCHOOL/COLLEGE AUTHORITIES
This is to certify that Shri/Miss __________________________________
son/daughter of _________________________________________ is a bonafide
student of this School/College and he/she was admitted to this School/College on
_________________ and at present he/she is studying in __________. His/Her
conduct, behaviour and progress in the class is ________________. He/she is not
receiving any scholarship from Government or its Agency, any other institution
through this school/College. Further, the Institution/College is recognized &
affiliated to ______________University. The course is recognized by UGC/All
India Council of Technical Education (AICTE).
Office Seal _____________
C H E C K L I S T
1. All columns of Annexure A are duly filled.
2. Mention P.F. No. and Circle clearly
3. Fee receipts in original duly certified/verified by the Head of
Institution and by employee also.
4. Books bill in original duly certified by Head of the Institution and
verified by the employee.
5. Mark sheet of last examination (yearly) passed duly verified by the
6. The claim should be for one talented child only.
7. One copy of Application for each session be sent. In no case
Advance/Duplicate copy is required to be sent, unless called by us.
(HRD Div. Circular Nos. 65 dated 16-02-2002, 496 dated 21-11-2008 &
606 dated 25-03-2010)