The benchmark rate applicable for such relief would be the contract rate, which is used by the credit card issuers for the … deposits; The Company is having a valid Certificate of Registration dated 31/07/2001 issued by the National Housing Bank under Section 29A of the National Housing Bank Act, 1987. Redressal of Customer Grievances related to the Ex-Gratia Payment Scheme. The Government of India has announced a Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (01.03.2020 to 31.08.2020) (the ‘Scheme’) on October 23, 2020, which mandates ex-gratia payment to certain categories of borrowers by way of crediting the difference between simple interest and … 25,20,000, Final VRS Amount or Ex-Gratia = Rs. ", List of Authorised Collection & Recovery Agents, DHFL Changing Lives Foundation (Subsidiary). BSNL MTNL VRS Benefits Calculation Rules. Thus we have developed BSNL Employees VRS calculator to calculate the ex gratia amount of BSNL … … 2,50,000, Expected Compensation Amount = 17,50,000 + 2,50,000 = Rs. However, the National Housing Bank does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the Regd. Expected DA; Railways; Ministry of Finance; AICPIN; Press Release; NPS; CGHS; State Government News; Special Ex-gratia Compensation Scheme for FCI Employees. F. No.2/12/2020 – BOA.I dated 23rd October, 2020), for grant of ex-gratia payment of difference between compound interest and simple interest for six months i.e. Railways:Regarding Ex-gratia payment Rs.25,00,000 AICPIN for the month of November 2020 LTC cash voucher scheme Calculator Expected DA from January 2021 Calculator List of Kendriya Vidyalaya Schools 2021: Quick links; Hot news: Dopt orders: Recent govt orders: Recent post: LTC Leave Enhancement Calculator For Block Year 2018-2021. 42,500/­ and who are on Leave Without Allowance under Rule 90 for the treatment of T.B., Leprosy, Cancer or mental disease, subject to the conditions therein. The Notification says, in addition to the lump-sum compensation or the amount of Ex-gratia of the Scheme, the employee shall be entitled to the terminal and other benefits, as applicable to the said employee under existing rules. Rule 8: An interest rate of 8% per annum is applied on the Gratuity amount until 60 years or 5 years after VRS whichever is earlier. CENTRAL GOVERNMENT EMPLOYEES NEWS. and email id on. Rule 5: If the final compensation amount is more than 42 months of salary, only 42 months (DA + Basic) salary is given. Disclaimer: *This calculator is only for casual calculation purposes. Scheme for grant of Ex-gratia payment of difference between compound interest and simple interest for six months to borrower in specified loan accounts (01.03.2020 to 31.08.2020) (2.85 MB) FAQ on COVID-19 Ex-gratia to borrowers for difference in interest dated 26.10.2020. (108 KB) 17,50,000, Compensation for remaining Years = 25 days x 5 x 2000 = Rs. To read the scheme announced by the Government of India (GoI), Ministry of Finance (vide no. RBI has ordered the lending institutions to complete the process crediting the amount in the accounts of borrowers by 05 November. The Government of India has announced a Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (01.03.2020 to 31.08.2020) (the ‘Scheme’) on October 23, 2020, which mandates ex-gratia payment to certain categories of borrowers by way of crediting the difference between simple interest and … Whether the Ex-Gratia payment shall be paid in cash or in the shape of any Bond ? Ex-gratia Payment Calculator You can use the Interest on Interest Waiver calculator below to estimate the waiver amount you may be eligible for as a result of this scheme Compound Interest charged between Mar - Aug, 2020 7,713.93 3200, Compensation for Completed Years = 35 days x 25 x 3200 = Rs. Final Rules are yet to be announced by the organisations. DHFL cautions public against fake website. 40,32,000 ( It is less than 42 months salary). Government has announced 125% of eligible exgratia as the extra benefit. In view of the unprecedented and excessive COVID-19 scenario, the article of the Scheme is to offer ex-gratia fee of the distinction between compound interest and easy interest by means of reduction for the interval from 1st March 2020 to … Know More, Disclaimer - "As regards deposit taking activity o f the company, the viewers may refer to the advertisement in the newspaper / information furnished in the application form for soliciting public Salary Calculator; 7th Pay Commission News; DA News; OROP; DOPT Orders; Pension; PIB; Govtstaffnews. In an earlier post, we had discussed how the Government is considering waiver of interest on interest (compound interest) for the loan moratorium period of 6 months from March 1, 2020 until August 31, 2020.. On October 23, 2020, the Central Government announced the Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to … The scheme provides that the exercise of crediting the amount under the scheme shall be completed by respective lending institutions on or before 05 th November 2020. The scheme mandates ex-gratia payment to standard accounts by lending institutions as per terms and conditions of the scheme. As per the announcement, six month period from March 24, 2020, to 23 September 2020 if anybody dies due to COVID-19 infection while on duty with FCI as follows: Regular FCI Labour: 15 lakh; Contractual Labour: … LTC cash voucher scheme 2020 – Calculator . LTC cash voucher scheme Calculator: Expected DA from January 2021 Calculator: Holiday on October 30, 2020: 7th Pay Commission Calculator 2021 – June vs July : Special festival package to Govt Servants Rs 10000/-Quick links; Hot news: Dopt orders: Recent govt orders: Recent post: Ex gratia Death Relief Fund of Rs. 8,00,000, Expected Compensation Amount = 28,00,000 + 8,00,000 = Rs. The lending institution will provide ex-gratia payment to the borrower account of the difference between compound interest and simple interest on loan accounts with sanctioned limits and outstanding up to Rs. But the VRS package for BSNL and MTNL suggested 42 months maximum salary. What is the ex-gratia payment to the borrower scheme announced by Govt. Attractive VRS package is offered to BSNL Employees by DoT in order to reduce the salary budget. Our sales representative will get back to you soon. 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