ALL INDIA CANARA BANK RETIREES' FEDERATION (Regd.)

AIBRF, AICBRF-LOGO ALL INDIA CANARA BANK RETIREES' FEDERATION (Regd.)
(Affiliated to All India Bank Retirees' Federation)
"A.K.Nayak Bhavan" 
2nd Floor, Second Line Beach, Chennai 600001

E Mail: aicbrf2010@gmail.com     Web: www.aicbrf.in    Mobile : +91 94442 32867

HOME  |  OUR TEAM |  CIRCULARS  |  WHATS-NEW  |  OUR AFFILIATES |  GRIEVANCES REDRESSAL  |  LEGALCORNER  |  DOWNLOADS  |  PHOTO GALLERY

FOR THE ATTENTION OF ALL CANARA BANK RETIREES 
------------------------------------------------------------------------------------------------
Extract of Vishranthi News Letter dated 01-10-2012 from 
C
anara Bank Employees’ Pension Fund, 
Human Resources Wing, 14, Naveen Complex,H.O. Annexe, 
M.G. Road, 
Bangalore - 560 001.(Phone: 080 - 25323801, 25584040 -Extn. 265),  
Email: hopenfund@canarabank.com
===============================================================================

LIFE CERTIFICATES/DECLARATION REGARDING REMARRIAGE/MARRIAGE

 

a)    Life Certificate should be submitted by the Pensioner/Family Pensioner to the pension disbursing branch during the month of November every year.

b)    Non Employment Certificate is to be submitted up-to two years from the date of retirement (Applicable to Officer – Retirees only).

c)     Hard copy of above said certificates need not be sent to Employees’ Pension Fund, HO.

d)    In case the Pensioner fails to submit Life Certificate within the stipulated date, the pension disbursing branch will block all debit transactions in the pension crediting account of the Pensioner concerned and allow withdrawals/debits only after submission of Life Certificate.

 

INCOME TAX

 

a)    The retiring employee has to assess his/her IT for the financial year in which he/she is retiring by combining the income earned while in service and after retirement.

b)    In the ensuing financial year after his/her retirement, IT will be assessed by EPF, HO. Other income of the Pensioner will not be taken for assessment of IT at EPF and also voluntary deduction of IT from monthly pension will not be entertained.

c)     Pension for the month of March will be accounted in the ensuing financial year for IT purpose since the disbursement of Pension for March will be made on or after 1st April.

d)  Commutation amount (up-to 1/3rd) is not taxable.

e)  Monthly Pension payment made attracts Income-tax. The Tax will be deducted at source, wherever applicable from the pension payable for the month of November, December, January, and February every year.

f)   Those ex-employee pensioners who desire to avail tax exemption on certain eligible investments should submit the declaration to Employees’ Pension Fund, HO on or before 31st October every year. The proof of investments should reach the Employees’ Pension Fund, HO on or before 31st January every year.

g)  Form 16 will be issued during May every year only to those pensioners who fall under Income Tax bracket. Other Pensioners may obtain Pension Disbursement details from Bank’s Website www. Canarabank.com (Announcements  for ex employees  Pension disbursement details for the year).

TRANSFER OF PENSION DISBURSING ACCOUNT:

Pensioner has to submit a request letter for noting change of Pension disbursing Account No. to EPF, HO through the Pension drawing branch.

On receipt of confirmation and recommendations from the Pension disbursing branch that the Pensioner has no direct/indirect liability, the changes will be effected at our end.

DATA UPDATION:

We request the Pensioners who have not registered their mobile/telephone numbers with us to furnish the same to us through email hopenfund@canarabank.com for updation of our records at our end.

 

Yours sincerely,

B S GOPALAKRISHNA BHAT

Divisional Manager   

Source: Extract of Vishranthi News Letter dated 01-10-2012 from Canara Bank  Employees’ Pension Fund, Human Resources Wing, 14, Naveen Complex,                H.O. Annexe, M.G. Road, Bangalore - 560 001.(Phone: 080 - 25323801, 25584040 -Extn. 265),  Email: hopenfund@canarabank.com