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http://www.nabinsbi.com/Bank%20Circulars/Welfare/Scholarship%20Amount.pdf

e-Circular

P&HRD.

Sl. No. : 544/2008 - 09

Circular No. : CDO/P&HRD-IR/83/2008 - 09

Monday,December 08,2008.

17,Margashirsh 1930(S).

All the offices/Branches of

State Bank of India

STAFF WELFARE ACTIVITIES

REVIEW OF QUANTUM OF SCHOLARSHIP

All India State Bank Officers’ Federation and All India SBI Staff Federation have been

requesting us to review the quantum of scholarship.

2. We have examined the award of educational scholarship scheme under staff

welfare activities and it has been decided to make following changes/modifications :-

(i)

Quantum of Scholarship:

The rates of scholarship applicable to day scholars/children of all categories of

employees from the current year onwards which are being sanctioned on the

basis of results of the academic year 2007-08 will be as under without any

changes in the qualifying marks :-

Standard Existing rate

(Rs. per annum)

Revised rate

(Rs. per annum)

4

6

9

11

At Graduate level for ordinary courses

viz. B.A., B.Sc., B.Com., LLB and other

courses

1260 1600

At Post graduate level i.e. M.A.,

M.Com., M. Sc., etc.

1800 2100

Graduate/post graduate level for

professional courses in Medicine/

Engineering/Management studies etc.

2400 2700

th to 5 th 540 600th , 7 th & 8 th 720 1000th & 10 th 900 1200th & 12 th

 

1080 1500

(ii)

Arrears on account of Revision:

The Circle Welfare Committee at Local Head Offices may recalculate the

difference payable to the beneficiaries who have been already paid scholarship

at the existing rates.

(iii)

Abolition of separate rates for Boarders:

There will be no separate rates of scholarship for new boarders admitted from

the next academic session 2009-10 onwards. In other words, all the new boarder

student shall be paid scholarship at the same rate fixed for day scholars from the

academic year 2009-10. However, the existing boarders who are in receipt of

scholarship at existing rates upto current academic year at higher rates shall be

paid at the same rate till they complete the current course.

(iv) Additional sum to disabled children:-

The amount of additional sum payable to the disabled children has been

increased from Rs.100/- to Rs.200/- per month from the current academic year

i.e. 2008-09.

(v) Payment of scholarship through Trickle feed mechanism :-

The issue of individual cheques as well as despatch to the respective

beneficiaries are considered as wastage of time and money in the present day

environment. Please therefore, arrange to advise the employees to mention Bank

account number of the wards so that the amount of scholarship will be credited

directly to their accounts through trickle feed mechanism instead of issuing the

cheques and despatch of cheques with a view to curtail cost and time. Thus the

scholarship applications submitted henceforth should contain the account

number of beneficiaries for credit of scholarship directly to their account.

To claim the arrears for the year 2007-2008, the employees may submit a simple

request letter to the President, CWC of respective LHO mentioning the name of

the beneficiaries, account number and type of account (SB/CA) so that the

arrears can be credited to their accounts through the trickle feed mechanism.

3. Please arrange accordingly and bring the contents of the circular to the notice of all

concerned.

Yours faithfully,

for Deputy Managing Director &

Corporate Development Officer.

 

CD Name : State Bank of India Revised Rates of Quatum of Scholarships


 
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