Sib Sankar Banik, W.B.A&A.S THE WEST BENGALSTATE GOVERNMENT EMPLOYEES GROUP INSURANCE CUM SAVINGS SCHEME Sib Sankar Banik, W.B.A&A.S

Sib Sankar Banik, W.B.A&A.S NAME OF THE SCHEMES a) WEST BENGAL STATE GOVT. EMPLOYEES GROUP INSURANCE- CUM – SAVINGS SCHEME,1983 b) THE WEST BENGAL STATE GOVT EMPLOYEES GROUP INSURANCE CUM SAVINGS SCHEME,1987 Sib Sankar Banik, W.B.A&A.S

Sib Sankar Banik, W.B.A&A.S WEST BENGAL STATE GOVT. EMPLOYEES GROUP INSURANCE CUM SAVINGS SCHEME 1983 DATE OF EFFECT: 01-04-1983 Sib Sankar Banik, W.B.A&A.S

Sib Sankar Banik, W.B.A&A.S APPLICABILITY THE SCHEME IS APPLICABLE COMPULSORILY TO ALL STATE GOVERNMENT EMPLOYEES WHO WERE IN SERVICE ON 1.4.1983 OR JOINED AFTER 1.4.1983 EXCEPT: a) PERSONS PAID AT DAILY RATES b) PERSONS NOT IN WHOLETIME EMPLOYMENT c) PERSONS IN SEASONAL EMPLOYMENT d) PERSONS APPOINTED IN SHORT TERM VACANCIES e) PERSONS APPOINTED ON AD-HOC BASIS OR ON CONTRACT f) PERSONS RECRUITED AFTER ATTAINING THE AGE OF 50 g) ALL INDIA SERVICE OFFICERS WHO ARE MEMBER OF GIS,80 Sib Sankar Banik, W.B.A&A.S

APPORTIONMENT OF SUBSCRIPTION RATE OF SUBSCRIPTION Rs 8/- PER MONTH DEDUCTED FROM SALARY BY DDO PAYABLE IN ALL MONTHS MONTH OF RETIREMENT,RESIGNATION, REMOVAL DEATH,LEAVE WITHOUT PAY ,OR SUSPENTION APPORTIONMENT OF SUBSCRIPTION INSURANCE FUND -Rs 3/- SAVINGS FUND -Rs 5/- Sib Sankar Banik, W.B.A&A.S

DELAYED PAYMENT OF SUBSCRIPTION TO BE RECOVERED WITH INTEREST RATE OF INT AS ADMISSIBLE ON S.F. MAXIMUM 3 INSTALMENTS ALLOWED DEFINITION OF ‘FAMILY’ HERE FAMILY INCLUDES THE PERSONS AS DEFINED IN RULE 7(1)(e)(1) OF D.C.R.B. RULES 1971 Sib Sankar Banik, W.B.A&A.S

PAYMENT ON RETIREMENT/ RESIGNATION/TERMINATION a)ACCUMULATION IN SAVINGS FUND b)INT. ON SF @6% COMPOUNDED YEARLY c) DIFFERENCE OF TOTAL CONTRIBUTION AND(a)+(b),IF ANY PAYMENT ON DEATH a) INSURANCE COVER Rs 12000/- b) ACCUMULATION IN S.F. c) INTEREST ON S.F.@6%.P.A. Sib Sankar Banik, W.B.A&A.S

GROUP INSURANCE CUM SAVINGS SCHEME 1987 DATE OF EFFECT: 01-11-1987 Sib Sankar Banik, W.B.A&A.S

APPLICABILITY COMPULSORILY FOR ALL STATE GOVT EMPLOYEES WHO ENTERED IN SERVICE ON OR AFTER 1/11/87 EXCEPT: 1)DAILY RATED EMPLOYEES 2)APPOINTED ON SHORT TERM BASIS 3)APPOINTED ON AD HOC/CONTRACT 4)SEASONAL OR CASUAL EMPLOYMENT 5)PERSONS RECRUITED AFTER 50 YEARS 6)EMPLOYEES ON DEPUTATION 7)ALL INDIA SERVICE OFFICERS WITH THE CONCURRANCE OF GOVT OF INDIA 8)MEMBERS OF GISS,83 WITH OPTION

Sib Sankar Banik, W.B.A&A.S DIFFERENT GROUPS GROUP-A : ALL EMPLOYEES HAVING PAY IN THE PAY BAND SCALE WITH A MAXIMUM ABOVE RS 37600/- WITH GRADE PAY RANGING FROM RS 4400/-TO RS 10000/- GROUP-B : ALL EMPLOYEES HAVING PAY IN THE PAY BAND SCALE WITH AMAXIMUM OF Rs 37600/- OR BELOW BUTABOVE Rs 25200/- WITH GRADE PAY RANGING FROM Rs 2900/- TO Rs 4100/- GROUP-C : ALL EMPLOYEES HAVING PAY IN THE PAY BAND SCALE WITH A MAXIMUM OF Rs 25200/- OR BELOW BUT ABOVE Rs 16200/- WITH GRADE PAY RANGING FROM RS 1900/- TO Rs 2600/- GROUP- D : ALL EMPLOYEES HAVING PAY IN THE PAY BAND SCALE WITH A MAXIMUM OF Rs 16200/- OR BELOW WITH GRADE PAY RANGING FROM RS 1700/- TO RS 1800/- Sib Sankar Banik, W.B.A&A.S

SPECIAL PROVISION EMPLOYEES HAVING PAY IN PAY BAND SCALE OF Rs 5400/- to 25200/-IN PAY BAND 2 WITH GRADE PAY OF Rs 2900/- THOUGH GRADED AS GROUP-C HAS BEEN CLASSIFIED AS GROUP- B FOR THE PURPOSE OF GISS ONLY (G.O. NO 185-F(J) DT 7TH JANUARY 2010)

Sib Sankar Banik, W.B.A&A.S RATE OF SUBSCRIPTION GROUP-A Rs 80/- GROUP-B Rs 40/- GROUP-C Rs 20/- GROUP-D Rs 10/- Sib Sankar Banik, W.B.A&A.S

APPORTIONMENT OF SUBSCRIPTION GROUP INS FUND SAVINGS FUND A Rs 24/- Rs 56/- B Rs 12/- Rs 28/- C Rs 6/- Rs 14/- D Rs 3/- Rs 7/- Sib Sankar Banik, W.B.A&A.S

Sib Sankar Banik, W.B.A&A.S INSURANCE COVER GROUP AMOUNT A 80000/- B 40000/- C 20000/- D 10000/- 30/07/2010 Sib Sankar Banik, W.B.A&A.S

DELAYED PAYMENT OF SUBSCRIPTION TO BE PAID WITH INTEREST AS ADMISSIBLE UNDER THE SCHEME ON ACCRETION TO SAVINGS FUND Sib Sankar Banik, W.B.A&A.S

Sib Sankar Banik, W.B.A&A.S ANNIVERSARY FIRST NOVEMBER OF EVERY YEAR 30/07/2010 Sib Sankar Banik, W.B.A&A.S

PAYMENT ON RETIREMENT/ RESIGNATION/TERMINATION FOR THOSE WHO COMES DIRECTLY a)ACCUMULATION IN SAVINGS FUND,87 b)INTEREST AS ADMISSIBLE ON SF,87 Sib Sankar Banik, W.B.A&A.S

PAYMENT ON RETIREMENT/ RESIGNATION/TERMINATION BY OPTION FROM GISS,1983 a) ENTITLEMENTS UNDER GISS,83 ASON 31.10.1987-----.760.58 b) INT ON ABOVE@5%P.A.FROM 1.11.87 COMPOUNDED ANNUALLY c) ACCUMULATION IN S.F. 1987 d) INTEREST ON ABOVE Sib Sankar Banik, W.B.A&A.S

Sib Sankar Banik, W.B.A&A.S DEATH WHILE IN SERVICE ENTERED 87 SCHEME DIRECTLY a)ACCUMULATION IN SAVINGS FUND OF, 1987 b)INT AS ADMISSIBLE ON SAVINGS FUND c)INSURANCE COVER BY OPTION FROM GISS,1983 a) ENTITLEMENTS UNDER GISS,83 ASON 31.10.1987------760.58 b) INTEREST ON ABOVE@5% P.A.w.e.f.1-11-87 c) ACUMULATION IN S.F. OF1987 SCHEME d) INTEREST ON S.F. 1987 SCHEME e) INSURANCE COVER Sib Sankar Banik, W.B.A&A.S

CALCULATION OF INTEREST YEAR PRINCIPAL INTEREST C.B 1 100 5 105 2 5,25 110.25 3 5,51 115.76 4 5.79 121.55 6.08 127.63 6 6.38 134.01 7 6.70 140.71 8 7.04 147.75 T O T A L----(PRINCIPAL+INTEREST) 30/07/2010 Sib Sankar Banik, W.B.A&A.S

PRINCIPAL+INTEREST =P(1+R/100)^N-1

SANCTIONING AUTHORITY HEAD OF OFFICE AS DEFINED IN RULE 5(16A) 0F WBSR PART -I Sib Sankar Banik, W.B.A&A.S

Sib Sankar Banik, W.B.A&A.S THANK YOU Sib Sankar Banik, W.B.A&A.S