May 3, 2020 … 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 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. 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. Government … 17,50,000, Compensation for remaining Years = 25 days x 5 x 2000 = Rs. Government has announced 125% of eligible exgratia as the extra benefit. 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 … 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 … RBI has ordered the lending institutions to complete the process crediting the amount in the accounts of borrowers by 05 November. 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. 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. the company and for repayment of deposits / discharge of the liabilities by the company. 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. To read the scheme announced by the Government of India (GoI), Ministry of Finance (vide no. 20,00,000 x 1.25 times = Rs. Rule 2: Minimum age to enter the VRS Scheme is 50 years. Whether the Ex-Gratia payment shall be paid in cash or in the shape of any Bond ? Rule 4: Only the Present-Basic and Dearness Allowance (DA) are used for calculation. 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. 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. You can also call it This may not show exact/correct amount. 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). Rule 3: The actual Gujarat Pattern VRS model suggests only 36 months of salary as the maximum amount. 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 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 … 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 25,00,000, 42 Months Maximum Salary = (25000 + 1.4*25000) x 42 = Rs. If you are still not satisfied with the resolution you receive, or you don't … 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. Rule 1: Retirement Benefits or Ex-Gratia is/may be as per the popular Gujarat Model VRS Scheme 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 … ", List of Authorised Collection & Recovery Agents, DHFL Changing Lives Foundation (Subsidiary). Benefits under the scheme would be routed through lending institutions. Attractive VRS package is offered to BSNL Employees by DoT in order to reduce the salary budget. 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 … 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 … 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 2 crores (aggregate of all the borrowings/ facilities from all the banks and financial Institutions) for the period … 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. BSNL MTNL VRS Package or Ex-Gratia Calculator @125% and Rules Explained - 23.10.2019, ExamTray App is now Available on Google Play. 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. Let us know the Gratuity and Pension Commutation amount also using the below calculator. An ex-gratia payment will be credited to their loan accounts. However, loans against fixed deposits [including Foreign Currency … I authorise DHFL and its representative to call me or SMS me with reference to this enquiry. However, the National Housing Bank BSNL MTNL VRS Benefits Calculation Rules. Hence we have developed a Common calculator to calculate the Ex Gratia Amount as per Clause 6.1 (a) of the Guidelines. Final Rules are yet to be announced by the organisations. 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). Loans for consumption purposes (e.g., social ceremonies, etc.) Rule 6: The employee should serve at least 15 years even though he crosses 50 years of service. of India? 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. 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 … LTC cash voucher scheme 2020 – Calculator . One Day Salary = (Basic+DA)/30days = 60000/30 =  Rs. You can check the Gujarat Model VRS Calculator as of now for all other Rules regarding Leaves and Leave Encashment. April 14, 2020 By govtstaffnews.in Leave a Comment. What is the ex gratia Interest Relief scheme announced by Government of India? 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. … 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 Disclaimer: *This calculator is only for casual calculation purposes. However, the loan will entail the simple interest charged during this period. Kind of Loans and … 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. 45,00,000, 42 Months Maximum Salary = (40000 + 1.4*40000) x 42 = Rs. LTC Cash Voucher Scheme Calculator 2020: Special Ex-gratia Compensation Scheme for FCI Employees and Officers for 6 Months. It is 125% of the salary. 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 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. April 12, 2020 admin Leave a Comment. 36,00,000 x 1.25 times = Rs. Email to: exgratiapayment@aavas.in. 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). 25,00,000 ( It is less than 42 months salary), One Day Salary = (Basic+DA)/30days = 96000/30 =  Rs. (108 KB) Details about VRS - Voluntary Retirement Scheme Scheme in BSNL and MTNL subsidiaries of the Government are announced. Department of Telecommunication is finalising the modalities to implement the VRS Scheme to BSNL employees. 40,32,000 ( It is less than 42 months salary). Rule 5: If the final compensation amount is more than 42 months of salary, only 42 months (DA + Basic) salary is given. Section 29A of the National Housing Bank Act, 1987. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates. Therefore, the amount under this Ex-gratia scheme must be credited to the borrower’s account by the Bank within the stipulated time. • Loan accounts should be Standard in the books of the lending institutions as on 29.02.2020. It is expected around 1 lakh employees both from BSNL and MTNL will be opting VRS Scheme . ExamTray is not Amazon.com Inc. accredited. 2,50,000, Expected Compensation Amount = 17,50,000 + 2,50,000 = Rs. Is any minimum qualifying service necessary for opting VRS? This ceiling may change. 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. The main focus of the scheme is reduce the workforce in BSNL. 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. The Company is having a valid Certificate of Registration dated 31/07/2001 issued by the National Housing Bank under Eligibility for VRS. 10 Lakh in the event of death of an employee of the Central Board. Our sales representative will get back to you soon. deposits; published on June 28, 2018 in the Free Press Journal and in Navshakti, Mumbai, respectively. Is the loan eligible for ex-gratia payment under the scheme? 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. 3200, Compensation for Completed Years = 35 days x 25 x 3200 = Rs. Salary Calculator; 7th Pay Commission News; DA News; OROP; DOPT Orders; Pension; PIB; Govtstaffnews. ", *The information mentioned herein is subject to change without prior notice. 40,32,000, Final VRS Amount or Ex-Gratia = Rs. Get Unsecured Business Loan . Expected DA; Railways; Ministry of Finance; AICPIN; Press Release; NPS; CGHS; State Government News; Special Ex-gratia Compensation Scheme for FCI Employees. 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 These are not final. 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. But the VRS package for BSNL and MTNL suggested 42 months maximum salary. Please visit your nearest DHFL branch for detailed information on our various products and changes, if any. DHFL cautions public against fake website. Office: Warden House, 2nd Floor, Sir P.M. Road, Fort, Mumbai-400 001. 8,00,000, Expected Compensation Amount = 28,00,000 + 8,00,000 = Rs. Government of India (GoI) has planned a Revival Package for both BSNL and MTNL on 23.10.2019. 28,00,000, Compensation for remaining Years = 25 days x 10 x 3200 = Rs. 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. Exact Rules, Amount and Benefits will be communicated by your Employer directly. This is based on News Portal information. In other words, not more than 10 years of service should be left. Thus we have developed BSNL Employees VRS calculator to calculate the ex gratia amount of BSNL … 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. and email id on. Ex Gratia payment will be credited in the bank account of the official. The scheme mandates ex-gratia payment to standard accounts by lending institutions as per terms and conditions of the scheme. 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 . DoT has issued order for implementation of VRS 2019 Scheme subsequently guidelines for exercising Option to VRS 2019 also isued by BSNL. Yes. 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. Some expected Rules are listed below for basic understanding. Regd. As per Rule 90­A, Part I, the Kerala Service Rules, Ex­gratia allowance equal to 35% of basic pay subject to a maximum of Rs. 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 … The benchmark rate applicable for such relief would be the contract rate, which is used by the credit card issuers for the … 2000, Compensation for Completed Years = 35 days x 25 x 2000 = Rs. 14,875/ and a minimum of Rs.9,915/­ per mensem is admissible to employees, drawing a basic pay not exceeding Rs. Redressal of Customer Grievances related to the Ex-Gratia Payment Scheme. Ex Gratia Payment. What is the ex-gratia payment to the borrower scheme announced by Govt. 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. 25,20,000, Final VRS Amount or Ex-Gratia = Rs. 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 … Test your Dance Knowledge - Dasavatar Dance etc. 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: … 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. No claim … CENTRAL GOVERNMENT EMPLOYEES NEWS. The scheme mandates ex-gratia payment to standard accounts by lending institutions as per terms and conditions of the scheme. 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. 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. What is an Ex – Gratia Relief Scheme? 40000 ) x 42 = Rs without prior notice lending institutions as per terms and conditions of the lending to... Scheme Rules has announced 125 % and Rules Explained - 23.10.2019, App. From BSNL and MTNL suggested 42 months maximum salary or ex-gratia is/may be as per the popular Gujarat Model calculator., Compensation for Completed years = 35 days x 5 x 2000 = Rs ( DA ) are for... 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