1. 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

2. 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

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

4. Sib Sankar Banik, W.B.A&A.S
APPLICABILITY
THE SCHEME IS APPLICABLE COMPULSORILY TO ALL STATE GOVERNMENT EMPLOYEES WHO WERE IN SERVICE ON OR JOINED AFTER 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

5. 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

6. 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

7. PAYMENT ON RETIREMENT/ RESIGNATION/TERMINATION
a)ACCUMULATION IN SAVINGS FUND
b)INT. ON 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
Sib Sankar Banik, W.B.A&A.S

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

9. 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

10. 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

11. 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)

12. 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

13. 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

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

15. 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

16. 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

17. 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

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

19. 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
b) INTEREST ON P.A.w.e.f
c) ACUMULATION IN S.F. OF1987 SCHEME
d) INTEREST ON S.F SCHEME
e) INSURANCE COVER
Sib Sankar Banik, W.B.A&A.S

20. 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

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

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

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