You are on page 1of 7

OFFICE CIRCULAR NO: 04 / 2015

Sub: Revision of Benefits and Reimbursements

The following benefits and reimbursements have been revised w.e.f. April 01, 2015 :

A Scheme for Reimbursement of Education Expenses

i In partial modification of Office Circular No. 02/2010 dated July 12, 2010, it has
been decided to revise the limits for reimbursement of Education Expenses as under:

Grade Entitlement (Rs.)

Grade A to F & ED 2,000/- per month per child

Junior Assistant 1,200/- per month per child

Messenger, Driver/ Cook 800/- per month per child

ii All other terms and conditions governing the above scheme will remain
unchanged.

B Scheme for Reimbursement towards household help/ cleaning at residence

i In partial modification of Office Circular No. 05/2006 dated February 14,


2006 and Office Circular No.05/2011 dated May 19 2011, it has been decided
to revise the limits for reimbursement towards household help/ cleaning at
residence as under:

Grade Entitlement (Rs.)

Executive Director 8,750/-

Officer Promoted in Grade F 5,000/-

Officer Promoted in Grade D & E 3,750/-


Officer Promoted in Grade A, B, C 2,500/-

Secretaries/ Accounts Assistants/ Library 2,500/-


Assistant - Grade A/ B/ C

ii All other terms and conditions governing the above scheme will remain
unchanged.

C Residential Office Allowance

i In partial modification of Office Circular No.05/2011 dated May 19 2011, the


Residential Office Allowance has been increased to Rs.20,000/- per month for
Executive Directors and above.

ii All other terms and conditions governing the above benefit will remain
unchanged.

D Group Saving Linked Insurance (GSLI) Scheme

i In partial modification of Office Circular No. 11/97 dated March 21, 1997,
it has been decided to revise the coverage under the Group Saving Linked
Insurance Scheme as under:

Grade Entitlement (Rs.)

Grade D and above 11,50,000/-

Staff Members in Grade A, B & C 9,25,000/-

Junior Assistant Grade 7,00,000/-

Messenger, Cook, Driver 4,50,000/-

ii The staff members contribution towards the GSLI Scheme will be paid by
SEBI.

iii Establishment Division may seek quote from LIC for enhanced insurance
coverage and implement the same.
iv All other terms and conditions governing the above scheme will remain
unchanged.

E Scheme for furnishing of Residence of Staff (SFS)

i In partial modification of Office Circular No. 38/1996 dated September 17,


1996, Office Circular No.13/99 dated March 15, 1999, Office Circular
No.35/2006 dated September 07, 2006 and Office Circular No.05/2011 dated
May 19, 2011, it has been decided to increase the entitlements under the
Scheme for furnishing of Residence of Staff (SFS) as under:

Grade Entitlement
(Rs.)
Executive Director & above 5,00,000/-

Officer Promoted in Grade Grade F 2,50,000/-

Officer Promoted in Grade Grade E 1,87,500/-

Officer Promoted in Grade Grade D 1,37,500/-

Officer Promoted in Grade Grade C 1,12,500/-

Officer Promoted in Grade Grade B 87,500/-

Officer Promoted in Grade Grade A 87,500/-

Secretary / Accounts Assistant / Library 1,12,500/-


Assistant in Grade C

Secretary / Accounts Assistant / Library 87,500/-


Assistant in Grade B

Secretary / Accounts Assistant / Library 87,500/-


Assistant in Grade A

Junior Assistants 37,500/-

Cook/Messenger 25,000/-

ii The staff members who have already availed of the facility of furnishing of
Residence of Staff are eligible for the difference between the existing and
revised limits and the same has to be availed in one installment.

iii The staff members in Junior Assistant, Cook/Messenger cadre are eligible to
avail only differential amount between the existing and revised limits as their
eligibility under the scheme is once in life time.

iv The staff members have to avail the differential amount within a period of three
months from the date of this circular. If the same is not availed within a period
of three months, it will be treated as 'lapsed'.

v The amount under the Scheme for furnishing of Residence of Staff can also be
used for furnishing of residential office.

vi The staff members who joins the services of the Board in Grade A/Grade B,
after the issue of this circular, will only be eligible under the scheme for
furnishing of Residence of Staff after completion of one year service in SEBI.

vii All other terms and conditions governing the above scheme will remain
unchanged.

F Reimbursement for Eye Refraction Test and Cost of Spectacles

i In partial modification of Office Circular No. 09/2009 dated May 13, 2009,
Office Circular No. 11/2012 dated July 27, 2012 and Office Circular No.
14/2012 dated October 01, 2012, it has been decided to revise the limits for
reimbursement towards Eye Refraction Test and Cost of Spectacles as under:

Grade Entitlement per


person (Rs.)

Executive Director 10,000/-

Officer Promoted in Grade F 8,000/-

Officer Promoted in Grade E 7,000/-

Officer Promoted in Grade D 7,000/-

Officer Promoted in Grade C 4,500/-

Officer Promoted in Grade B 4,500/-

Officer Promoted in Grade A 2,500/-

Junior Assistant 1,800/-

Messenger, Cook, Driver, Messenger-cum Driver, 1,600/-


Messenger-cum-General Assistant

ii All other terms and conditions governing the above benefit will remain
unchanged.
G Annual Health Check-up for Staff Members

i In partial modification of Office Circular No. 07/2009 dated May 06, 2009, it has
been decided to increase the entitlement under the Annual Health Check-up Scheme
to Rs.6,750/- per person.

ii It has also been decided to do away with the present practice of obtaining copies
of the reports from the staff members for processing the claims under the Annual
Health Check-up Scheme and the claims will be processed on submission of original
bills.

iii All other terms and conditions governing the above scheme will remain
unchanged.

H Driver's Salary to PS to Chairman & WTMs

i It has been decided to introduce the benefit of driver's salary (equivalent to


the Officers who have completed 5 years service in Grade C) to PS to
Chairman and WTMs irrespective of their grade and years of service.

ii All other terms and conditions governing reimbursement of drivers salary


to eligible staff members will be applicable.

I House Allowance

i In partial modification of Office Circular No. 23/2007 dated July 20, 2007 and
Office Circular No.03/2008 dated October 15, 2008, it has been decided to revise the
entitlements under the House Allowance Scheme as under:
Grade Entitlements

Mumbai (Rs.) Other cities (Rs.)

Executive Director 75,000/- 60,000/-

Officer Promoted in Grade F 67,500/- 52,500/-

Officer Promoted in Grade E 60,000/- 45,000/-

Officer Promoted in Grade D 52,500/- 37,500/-

Officer Promoted in Grade C 45,000/- 30,000/-

Officer Promoted in Grade B 37,500/- 22,500/-

Officer Promoted in Grade A 30,000/- 15,000/-

Secretarial Staff, Account Asst. 16,000/- 14,000/-


& Library Asst. (Grade C)

Secretarial Staff, Account Asst. 15,000/- 13,000/-


& Library Asst. (Grade B)

Secretarial Staff, Account Asst. 13,000/- 11,000/-


& Library Asst. (Grade A)

Junior Assistant Cadre 8,000/- 7,000/-

Messenger, Cook, Driver 6,000/- 5,000/-


ii All other terms and conditions governing the above scheme will remain
unchanged.

JAYANTA JASH

CHIEF GENERAL MANAGER-HRD

April 08, 2015

Sent to all staff members by e-mail

You might also like