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CENTRAL BANK OF INDIA : WHERE EMPLOYEE-WELNESS IS A CORPORATE PHILOSOPHY


Some of the major Innovative Strategies for as Institutionalized by the Bank on Employee Welness front :

  • Silver Jubilee Award to employees – An inspirational step towards rewarding Organisational Loyalty.
  • ‘Provision of Residential Accommodation to officers.
  • Provision of Furniture & Fixtures at the residence of officers.
  • Facilities associated with transfers :
        • Rent reimbursement facility anywhere in India in certain circumstances
        • Allowing two accommodations and Mid-Academic Transfer Allowance for officers who are transferred on between of the Academic Session
        • Hotel Facility for first 15 days of transfer and lumpsum amount equal to the rent reimbursement ceiling for certain period thereafter
        • Transfer Traveling Allowance
        • Joining Time for shifting the Family
  • Concern on ‘Work-Life Balance’ of employees.
  • Leave Travel facility.
  • Reimbursement of Hospitalisation expenses.
  • Allowing Loans to staff members for various purposes under soft terms/conditions.
  • Maternity Leave.
  • Extraordinary leave on loss of pay on medical grounds.
  • Extraordinary leave with full pay upto certain period of hospitalization in case of major diseases.
  • Special leave for Blood Donation and for promoting Small Family Norms.
  • Reimbursement of Club Membership fee.
  • Grant of Duty Leave and reimbursement of full medical expenses to employees who sustain injuries during the course of performance of duty.
  • Scheme for extending Legal & Financial support to officers against whom motivated false complaints are made by outside people/agencies.
  • Exgratia payment to the Legal heirs of the deceased employees OR Compassionate Appointment to the next kin of the deceased in certain circumstances.
  • Reimbursement of conveyance expenses incurred by the officers in discharge of their official duties.
  • Reimbursement of cost of News paper to employees.
  • Reimbursement of additional expenses to employees/family members who are hospitalized/for domiciliary treatment.
  • Reimbursement of cost of Health-Check up to employees and/or their family members.
  • Tie up with certain reputed and specialized Hospitals (Sankara Netalaya & Bombay Hospital).
  • Establishing Transit Homes for treatment purpose to the staff members and their family members.
  • Relief to family of the employees who die in harness.
  • Reimbursement of Tuition fee for school education to children of staff members.
  • Reimbursement of College fee to sons/daughters of the staff members.
  • Reward to children of employees who pass SSC/HSC examination meritoriously.
  • Canteen Subsidy.
  • Establishing Holiday Homes for rest & recuperation of staff members and their families.
  • ‘Scheme for presenting memento to staff members at the time of their retirement on reaching the age of superannuation’.
  • Scheme for reimbursement of Hospitalisation expenses for retired employees.
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