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FAQ's

PF LOAN

What is the maximum eligible amount ?
3 times Basic Pay
No. of ordinary PF Loans that can be availed
Though PF Loan can be availed/renewed once in 6 months there can be only one loan at any one time
What are the particulars to be furnished for early sanction of PF Loan ?
- Besides personal data such as name, SR No., Basic Pay, etc., all the following informations are very important
- Amount of existing PF Loan availed
- Date of availment and Sanction Number
- Instalment amount
- Date of last instalment recovered
- Present balance

REFUNDABLE WITHDRAWAL

What is the maximum eligible amount and repayment period?
6 times Basic Pay. Repayable in 48 monthly instalments and interest in 4 monthly instalments
When can a new Refundable Withdrawal be availed ?
New Refundable Withdrawal can be availed only after adjusting existing liability including interest and not before expiry of 4 years from the date of previous availment
What are the particulars to be furnished for early sanction of Refundable Withdrawal ?
Besides personal data such as name, SR No., Basic Pay, etc. Balance in Special Clean Loan a/c. is to be furnished in the prescribed application form.

NON REFUNDABLE WITHDRAWAL

What is the maximum eligible amount ?
- Before 20 years of service, 50% of accumulated PF subscription
- 20 years to less than 25 years 75 %
- above 25 years 75 %
Margin 50%/ 25% should be enough to cover 3 months Basic for PF Loan and Refundable Withdrawal liability, otherwise amount of sanction would be reduced by the excess liability
What are the purposes for which the facility can be availed ?
Before 20 years of service only for construction and after 20 years service for construction or marriage
What are the particulars to be furnished for early sanction of Nonrefundable Withdrawal ?
- Besides personal data, outstanding balance in Refundable Withdrawal account should be furnished in the prescribed application form.
- For expenses proposed to be incurred, proof to be submitted Marriage invitation card for marriage to be performed, for construction, Engineer's estimate and proof of ownership of house such as SHL details/tax receipt, etc.
- For expenses already incurred, declaration to be submitted.

MEDICAL BILLS

What is the time limit within which Medical bills are to be submitted?
6 weeks from the date of discharge or at the time of resumption of duty whichever is later.
What are the disease that are considered under domiciliary treatment?
Cancer,Leukaemia,Thalasamea,Tuberculosis,Paralysis,Cardiac Ailment,Pleurisy, Leprosy,Kidneyailment,Epilesy,Parkinson's Disease,Psychiatric disorder, Diabetes,Hepatitis-B,Haemophilia and Myaestheniagravis
What is the procedure for availing the domiciliary treatment?
.. Diseases under domiciliary treatment shall be certified by the authorised hospital authorities and bank's medical officer. Medical expenses incurred under this shall be reimbursed to the extent of 100% for employee and 75% for the dependents.
.. The cost of medicines etc, in respect of domiciliary treatment shall be reimbursed for the period stated in the Specialist's prescription. If no period is stated, the prescription for the purpose of reimbursement shall be for a period not exceeding 90 days.
.. A review is necessary once in 12 months if the period exceeds 12 months.
Whether prior permission is needed for hospitalisation?
When the treatment is taken in Govt/trust/mission/approved hospitals by our bank, no prior permission is needed.

LFC BILLS

What is the time limit within which LFC bills are to be submitted?
LFC bills are to be submitted within 15 days from the date of resumption of duty.
What are the essential enclosures for speedy processing?
.. It is to be submitted in form B with all columns properly filled up and duly forwarded.
.. Dependent declaration is to be enclosed wherever necessary/ required.
.. Used travel tickets are to be enclosed .
.. Details of onward and return journey may be furnished in separate sheets.
.. Excess advance, if any , is to be adjusted before submission of the bill.
What is the procedure / documents needed for taxi travel?
.. Prior permission is required for taxi travel, while on LFC, either for whole / part of the journey.
.. All members of the family are expected to travel together while using taxi.
.. For Taxi Travel the following documents need to accompany form B:
(a) Consolidated Bill/Invoice/Stamped receipt indicating clearly Vehicle number used, date and time of departure and arrival
with opening km reading and closing km reading.
(b) Trip sheet duly signed by the competent person.
(c) Permit copy of the Vehicle.
What is the guideline in respect of separate journey by the dependents?
• Prior permission is needed from the competent authority for performing the journey separately.
• LFC may be availed by Award Staff / officer's family for travel prior to or after the employee himself avails LFC provided that the period between the date of completion of the journey by the family and the date of which the employee himself commences the journey does not exceed 4 months.
Whether local conveyance is allowed?
The local conveyance expenses incurred for the trip from residence to railways Station/bus stand/Air port at the starting point and similarly at the destination point will be reimbursed. However, such claim will be considered within the overall entitlement only.
What is the definition of dependents under LFC?
.. Employee's spouse, wholly dependent parents, children, brothers, sisters who are having an income not exceeding Rs.1500.00 per month. Married daughters are excluded, whereas wholly dependent widowed sister are included.
.. wholly dependent parents are those whose monthly income does not exceed Rs.1500.00 per month either individually or in aggregate.
.. If the individual or aggregate income of parents exceeds Rs.1500.00- per month, brothers and sisters are not to be included within the definition of dependent/Family.

SPECIAL CLEAN LOAN

What is the maximum eligible amount ?
- 3 times Basic Pay
- provided there is enough PF subscription balance to cover 3 times Basic pay for PF and existing Refundable Withdrawal liability besides the Special Clean Laon applied for
What are the particulars to be furnished for early sanction of Special Clean Loan ?
Besides personal data, outstanding balance in Refundable Withdrawal account to be furnished in the prescribed application form.
When and how may times the loan can be availed ?
Like Ordinary PF Loan, Special Clean Loan can be availed/renewed once in 10 months. However, Special Clean Loan cannot be availed within 6 months from the date of availment of Non-Refundable Withdrawal

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The days ahead are riddled with hurdles and innumerable too. We need to keep IBEU moving through our militant and committed activities. We should one and all to rise up to the occasion and squarely meet the challenges. United we stand, Divided we fail. Let us march in shoulder to shoulder and meet the challenges ahead.

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