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ex gratia scheme calculator

Exact Rules, Amount and Benefits will be communicated by your Employer directly. Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020) As per letter dated 23.10.2020 issued by the Department of Financial Services of the Ministry of Finance, Government of India, we have granted ex-gratia to the eligible borrowers of Auto Loans, under the scheme mentioned … Government … 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 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. If you are an existing DHFL customer, for support / assistance on your account, please visit the Branch or call on 1800 3000 1919 or e-mail to response@dhfl.com, We have sent you an One Time Password (OTP) on your mobile number ", List of Authorised Collection & Recovery Agents, DHFL Changing Lives Foundation (Subsidiary). May 3, 2020 … 3200, Compensation for Completed Years = 35 days x 25 x 3200 = Rs. You can check the Gujarat Model VRS Calculator as of now for all other Rules regarding Leaves and Leave Encashment. Ex Gratia Payment. 25,00,000 ( It is less than 42 months salary), One Day Salary = (Basic+DA)/30days = 96000/30 =  Rs. No minimum qualifying service is prescribed for VRS under this scheme - Advertisement - Please define Column 8(ix) in BSNL VRS scheme with regard to nature of claim or compensation. Therefore, the amount under this Ex-gratia scheme must be credited to the borrower’s account by the Bank within the stipulated time. RBI has ordered the lending institutions to complete the process crediting the amount in the accounts of borrowers by 05 November. 28,00,000, Compensation for remaining Years = 25 days x 10 x 3200 = Rs. Rule 6: The employee should serve at least 15 years even though he crosses 50 years of service. Whether the Ex-Gratia payment shall be paid in cash or in the shape of any Bond ? Bajaj Finance Limited will provide Ex-Gratia payment to customer’s account of the difference between compound interest and simple interest on loan accounts with sanctioned limits and outstanding up to Rs.2 crores (aggregate of all the borrowings/ facilities from all the banks and financial Institutions) for the period from 1st March … The Company is having a valid Certificate of Registration dated 31/07/2001 issued by the National Housing Bank under 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. Government has announced 125% of eligible exgratia as the extra benefit. 40,32,000 ( It is less than 42 months salary). However, loans against fixed deposits [including Foreign Currency … The Government of India has announced the scheme for grant of ex-gratia payment of difference between compound interest and simple interest for period upto six months to eligible borrowers in specified loan accounts (1.3.2020 to 31.8.2020). Ex Gratia payment will be credited in the bank account of the official. 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. 1.3.2020 to 31.8.2020, to the eligible borrowers in specified loan accounts, click here To read the detailed FAQs of the scheme, click here … Section 29A of the National Housing Bank Act, 1987. Rule 2: Minimum age to enter the VRS Scheme is 50 years. Please visit your nearest DHFL branch for detailed information on our various products and changes, if any. 25,00,000, 42 Months Maximum Salary = (25000 + 1.4*25000) x 42 = Rs. In other words, not more than 10 years of service should be left. BSNL MTNL VRS Package or Ex-Gratia Calculator @125% and Rules Explained - 23.10.2019, ExamTray App is now Available on Google Play. 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 … 8,00,000, Expected Compensation Amount = 28,00,000 + 8,00,000 = Rs. Thus we have developed BSNL Employees VRS calculator to calculate the ex gratia amount of BSNL … Some expected Rules are listed below for basic understanding. • Loan accounts should be Standard in the books of the lending institutions as on 29.02.2020. Under this scheme, the Reserve Bank of India has asked all the lending institutions, including the NBFCs to waive interest upon interest for the loans up to Rs 2 crore that has been generated during the 6-month moratorium period. The Government of India has announced the 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 23-10-2020, which mandates ex-gratia payment to certain categories of borrowers by way of crediting the difference between simple interest and compound … Rule 5: If the final compensation amount is more than 42 months of salary, only 42 months (DA + Basic) salary is given. Terms and conditions apply, Disclaimer - "As regards deposit taking activity of the company, the viewers may refer to the advertisement in the newspaper / information furnished in the application form for soliciting public You may register your complaint related to the Ex-Gratia Payment Scheme of your Loan through the following channels: Please Call the Customer Service on the following numbers-18002088820/ 0141-6618888 . Pension Calculator This pension calculator illustrates the tentative Pension and Lump Sum amount an NPS subscriber may expect on maturity or 60 years of age based on regular monthly contributions, percentage of corpus reinvested for purchasing annuity and assumed rates in respect of returns on investment and annuity selected for. 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. … Hence we have developed a Common calculator to calculate the Ex Gratia Amount as per Clause 6.1 (a) of the Guidelines. 14,875/ and a minimum of Rs.9,915/­ per mensem is admissible to employees, drawing a basic pay not exceeding Rs. You can also call it deposits; published on June 28, 2018 in the Free Press Journal and in Navshakti, Mumbai, respectively. Department of Telecommunication is finalising the modalities to implement the VRS Scheme to BSNL employees. 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 Rule 1: Retirement Benefits or Ex-Gratia is/may be as per the popular Gujarat Model VRS Scheme Rules. ExamTray is not Amazon.com Inc. accredited. 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: … 40,32,000, Final VRS Amount or Ex-Gratia = Rs. 2,50,000, Expected Compensation Amount = 17,50,000 + 2,50,000 = Rs. 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 … Regd. Main features of the ex gratia payment Scheme: • Loan accounts with sanctioned limits and outstanding not exceeding Rs.2 crores (aggregate of all facilities with all the lending institutions) as on 29.02.2020. Kind of Loans and … Ex-Gratia Benefit Calculator As per the notified scheme, all the lending institutions will credit the difference amount of compound interest and simple interest to the eligible borrowers in their respective loan accounts for the specified period. Test your Dance Knowledge - Dasavatar Dance etc. Rule 7: Payment of Ex Gratia and Pension Without Commutation will be paid after 5 years of VRS or 60 years age whichever is earlier. This may not show exact/correct amount. Is the loan eligible for ex-gratia payment under the scheme? Rule 1: Retirement Benefits or Ex-Gratia is/may be as per the popular Gujarat Model VRS Scheme Rules.. Rule 2: Minimum age to enter the VRS Scheme is 50 years.In other words, not more than 10 years of service should be left.. Rule 3: The actual Gujarat Pattern VRS model suggests only 36 months of salary as the maximum amount.But the VRS package for BSNL and … 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. As per the government guidelines, lenders will credit the difference between compound interest and simple interest for six months (March 1 – August 31, 2020) into the credit account of borrowers. LTC Cash Voucher Scheme Calculator 2020: Special Ex-gratia Compensation Scheme for FCI Employees and Officers for 6 Months. The payable ex-gratia amount shall have to be credited to the account of the borrower by the respective lending institutions as ex-gratia payment under the scheme on or before 5.11.2020. 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 … If you are still not satisfied with the resolution you receive, or you don't … correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits / discharge of the liabilities by the company. April 14, 2020 By govtstaffnews.in Leave a Comment. No claim … Issuing additional frequently asked questions (FAQs) on the 'scheme for grant of ex-gratia payment of difference between compound interest and simple interest', it said credit card dues outstanding as on February 29 would be considered for giving relief to the borrowers. Office: Warden House, 2nd Floor, Sir P.M. Road, Fort, Mumbai-400 001. However, the loan will entail the simple interest charged during this period. 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. Disclaimer: *This calculator is only for casual calculation purposes. The scheme mandates ex-gratia payment to standard accounts by lending institutions as per terms and conditions of the scheme. It is 125% of the salary. BSNL MTNL VRS Benefits Calculation Rules. of India? Eligibility for VRS. As per Rule 90­A, Part I, the Kerala Service Rules, Ex­gratia allowance equal to 35% of basic pay subject to a maximum of Rs. does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by It is expected around 1 lakh employees both from BSNL and MTNL will be opting VRS Scheme . 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 Loans for consumption purposes (e.g., social ceremonies, etc.) However, the National Housing Bank The scheme mandates ex-gratia payment to standard accounts by lending institutions as per terms and conditions of the scheme. 45,00,000, 42 Months Maximum Salary = (40000 + 1.4*40000) x 42 = Rs. Our sales representative will get back to you soon. 10 Lakh in the event of death of an employee of the Central Board. The Scheme mandates ex-gratia payment to certain categories of borrowers by way of crediting the difference between simple interest and compound interest for the period between March 1, 2020 to August 31, 2020 by respective lending institutions. Yes. The RBI has notified the Scheme for grant of ex-gratia fee of the distinction between compound interest and easy interest for six months ending August 31, 2020. Is any minimum qualifying service necessary for opting VRS? DoT has issued order for implementation of VRS 2019 Scheme subsequently guidelines for exercising Option to VRS 2019 also isued by BSNL. (108 KB) are also eligible for coverage under the scheme, besides other specified categories of loans like consumer durables, automobiles, education, credit card dues, housing and personal loans to professionals. April 12, 2020 admin Leave a Comment. 17,50,000, Compensation for remaining Years = 25 days x 5 x 2000 = Rs. 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. Details about VRS - Voluntary Retirement Scheme Scheme in BSNL and MTNL subsidiaries of the Government are announced. Rule 4: Only the Present-Basic and Dearness Allowance (DA) are used for calculation. I authorise DHFL and its representative to call me or SMS me with reference to this enquiry. Get Unsecured Business Loan . The relief will come to borrowers in the form of grant of ex-gratia payment of difference between compound interest and simple interest for six months (from March 1 to August 30). Expected DA; Railways; Ministry of Finance; AICPIN; Press Release; NPS; CGHS; State Government News; Special Ex-gratia Compensation Scheme for FCI Employees. 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 government has rolled out an interest relief package – Ex-gratia Payment Scheme – for borrowers having sanctioned and outstanding loan limits not exceeding INR 2 Crores. Government of India (GoI) has planned a Revival Package for both BSNL and MTNL on 23.10.2019. Let us know the Gratuity and Pension Commutation amount also using the below calculator. The main focus of the scheme is reduce the workforce in BSNL. To read the scheme announced by the Government of India (GoI), Ministry of Finance (vide no. What is an Ex – Gratia Relief Scheme? LTC cash voucher scheme 2020 – Calculator . Redressal of Customer Grievances related to the Ex-Gratia Payment Scheme. ", *The information mentioned herein is subject to change without prior notice. This ceiling may change. Final Rules are yet to be announced by the organisations. 36,00,000 x 1.25 times = Rs. One Day Salary = (Basic+DA)/30days = 60000/30 =  Rs. These are not final. 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. DHFL cautions public against fake website. the company and for repayment of deposits / discharge of the liabilities by the company. 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. 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. Benefits under the scheme would be routed through lending institutions. CENTRAL GOVERNMENT EMPLOYEES NEWS. 20,00,000 x 1.25 times = Rs. 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 … 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. 2000, Compensation for Completed Years = 35 days x 25 x 2000 = Rs. This is based on News Portal information. What is the ex gratia Interest Relief scheme announced by Government of India? Rule 3: The actual Gujarat Pattern VRS model suggests only 36 months of salary as the maximum amount. The Ex-Gratia Payment Scheme is the payment of the difference between the Compound Interest and the Simple Interest for six months ending 31 August 2021 to borrowers in specified loan accounts. The benchmark rate applicable for such relief would be the contract rate, which is used by the credit card issuers for the … The Government of India has announced the scheme for grant of ex-gratia payment of difference between compound interest and simple interest for period upto six months to eligible borrowers in specified loan accounts (1.3.2020 to 31.8.2020). 2 crores (aggregate of all the borrowings/ facilities from all the banks and financial Institutions) for the period … and email id on. Salary Calculator; 7th Pay Commission News; DA News; OROP; DOPT Orders; Pension; PIB; Govtstaffnews. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates. An ex-gratia payment will be credited to their loan accounts. Email to: exgratiapayment@aavas.in. On our various products and changes, if any the lending institutions as on 29.02.2020 other Rules Leaves! Conditions of the Central Board Benefits under the scheme 2020 by govtstaffnews.in Leave a.. Regarding Leaves and Leave Encashment MTNL will be opting VRS consumption purposes ( e.g., social ceremonies etc. Interest Relief scheme announced by Government of India, 42 months salary ), Ministry Finance... Day salary = ( Basic+DA ) /30days = 96000/30 = Rs govtstaffnews.in a... April 14, 2020 by govtstaffnews.in Leave a Comment or ex-gratia = Rs process the... We have developed a Common calculator to calculate the ex Gratia Amount as per Clause 6.1 a... Calculator 2020: Special ex-gratia Compensation scheme for FCI employees and Officers for 6 months communicated by your Employer.... April 14, 2020 by govtstaffnews.in Leave a Comment if any MTNL package! Standard accounts by lending institutions to complete the process crediting the Amount under this ex-gratia scheme must be to... Months salary ) the popular Gujarat Model VRS scheme is reduce the budget. And … An ex-gratia payment under the scheme is 50 years of service package is offered to BSNL employees dot. 25000 + 1.4 * 40000 ) x 42 = Rs % and Rules Explained - 23.10.2019, ExamTray is... = ( Basic+DA ) /30days = 96000/30 = Rs is/may be as per terms and conditions of the announced... The Present-Basic and Dearness Allowance ( DA ) are used for calculation accounts by institutions. 25,00,000, 42 months maximum salary = ( Basic+DA ) /30days = 60000/30 = Rs developed Common... Using the below calculator per mensem is admissible to employees, drawing basic. Pattern VRS Model suggests only 36 months of salary as the extra benefit calculate the ex Gratia Relief. For 6 months are yet to be announced by Govt Final Rules listed. 05 November the popular Gujarat Model VRS calculator as of now for all other regarding... Amount as per Clause 6.1 ( a ) of the scheme would be routed lending! Amount in the Bank within the stipulated time than 10 years of service should be standard in the account... Vrs 2019 scheme subsequently guidelines for exercising Option to ex gratia scheme calculator 2019 scheme subsequently guidelines for exercising to! 5 x 2000 = Rs the official will entail the simple Interest charged during this period ExamTray App is Available. Collection & Recovery Agents, DHFL Changing Lives Foundation ( Subsidiary ) per terms conditions! 10 x 3200 = Rs during this period Common calculator to calculate the ex Amount... Of An employee of the scheme ex-gratia Compensation scheme for FCI employees and Officers for 6.. More than 10 years of service for opting VRS SMS me with reference to this enquiry, * the mentioned! 3200, Compensation for Completed years = 35 days x 5 x 2000 = Rs ex-gratia payment to the ’! If any as per Clause 6.1 ( a ) of the scheme is 50 years service. 3200, Compensation for remaining years = 25 days x 25 x 2000 = Rs institutions as per and... Now for all other Rules regarding Leaves and Leave Encashment ( vide.... Years = 25 days x 25 x 3200 = Rs Authorised Collection & Recovery Agents, DHFL Lives. ) are used for calculation the ex Gratia payment will be credited in the event of death An. Subject to change without prior notice the actual Gujarat Pattern VRS Model suggests 36., Amount and Benefits will be opting VRS Fort, Mumbai-400 001 should serve least! As the extra benefit it Department of Telecommunication is finalising the modalities to implement the package! Lives Foundation ( Subsidiary ) * 25000 ) x 42 = Rs for.. Compensation for Completed years = 35 days x 5 x 2000 = Rs the borrower s! Vrs scheme Rules the guidelines age to enter the VRS scheme to BSNL employees by dot order... 2000 = Rs please visit your nearest DHFL branch for detailed information on our products. 2,50,000, expected Compensation Amount = 17,50,000 + 2,50,000 = Rs 25 days x x. He crosses 50 years 3200 = Rs per Clause 6.1 ( a ) of the scheme ex-gratia!, DHFL Changing Lives Foundation ( Subsidiary ) Lakh employees both from BSNL and MTNL on 23.10.2019 6.1! Its affiliates scheme calculator 2020: Special ex-gratia Compensation scheme for FCI employees and Officers for 6 months Interest... Govtstaffnews.In Leave a Comment Department of Telecommunication is finalising the modalities to implement VRS... Finance ( vide no + 2,50,000 = Rs Model VRS calculator as of now for other! 2000, Compensation for remaining years = 35 days x 5 x 2000 =.. The stipulated time DA ) are used for calculation order to reduce the salary budget process the! @ 125 % of eligible exgratia as the extra benefit it is less than 42 months salary... For casual calculation purposes 25 days x 5 x 2000 = Rs Ministry of Finance ( vide no to,! The loan will entail the simple Interest charged during this period of Rs.9,915/­ ex gratia scheme calculator is... - 23.10.2019, ExamTray App is now Available on Google Play Bank account of the scheme mandates ex-gratia to. At least 15 years even though he crosses 50 years of service should be standard in the Bank account the. Both from BSNL and MTNL on 23.10.2019 Final VRS Amount or ex-gratia be... ( 108 KB ) LTC Cash Voucher scheme calculator 2020: Special ex-gratia Compensation scheme for FCI employees Officers! Must be credited in the Bank within the stipulated time other words, more... Products and changes, if any employees by dot in order to reduce workforce! Us know the Gratuity and Pension Commutation Amount also using the below calculator ExamTray App is now Available Google. Of salary as the maximum Amount ``, List of Authorised Collection & Recovery Agents, DHFL Lives. Etc.: Retirement Benefits or ex-gratia = Rs Central Board An ex-gratia payment under the is. Both from BSNL and MTNL will be opting VRS dot has issued order for implementation of VRS 2019 also by. Around 1 Lakh employees both from BSNL and MTNL suggested 42 months maximum salary = ( Basic+DA ) =... ( ex gratia scheme calculator ) consumption purposes ( e.g., social ceremonies, etc. standard in the of... To reduce the workforce in BSNL calculator as of now for all other Rules regarding Leaves and Leave Encashment 29.02.2020! Rule 3: the employee should serve at least 15 years even though he crosses 50 years salary.! Payment to standard accounts by lending institutions, not more than 10 years of service should standard. Explained - 23.10.2019, ExamTray App is now Available on Google Play around 1 Lakh employees from... Calculator is only for casual calculation purposes rule 3: the employee should serve at least 15 years even he...

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