E- SALARY PERKS AND ALLOWANCES

(For any detail or reference please refer to HR VOL-II and HR VOL-III and circular
no CDO/P-HRD-IR/29/2024-25 dated 15.07.2024 (12 th Bipartite settlement)

Definition of pay
 DA =Basic pay +Special pay+ PQP (if any)+Officiating pay (if any)+Special
allowance +Transport allowance
 HRA = Basic pay +Special pay+ PQP (if any) +Officiating pay (if any)
 Special allowance =26.50 % of Basic Salary
 PQP to both Award and Sub ordinate staff (after reaching maximum scale and
every year until maximum PQP as eligible)

Clerical Staff increments

NEXT
BASIC SALARY INCREMENT
INCREMENT
24050 1340 1ST
25390 1340 2ND
26730 1340 3RD
28070 1650 4TH
29720 1650 5TH
31370 1650 6TH
33020 2000 7TH
35020 2000 8TH
37020 2000 9TH
39020 2000 10TH
41020 2340 11TH
43360 2340 12TH
45700 2340 13TH
48040 2340 14TH
50380 2340 15TH
52720 2340 16TH
55060 2340 17TH
57400 4400 18TH
61800 2680 19TH
64480 (MAXIMUM) 2680 20TH
67160 2680 1ST STAGNATION (EVERY 2 YEARS)
69840 2680 2ND STAGNATION (EVERY 2 YEARS)
72520 2680 3RD STAGNATION (EVERY 2 YEARS)
75200 2680 4TH STAGNATION (EVERY 2 YEARS)
 77880 2680 5TH STGNATION (EVERY 2 YEARS)
80560 2680 6TH STAGNATION (EVERY 2 YEARS)
83240 2680 7TH STAGNATION (EVERY 2 YEARS)
85920 2680 8TH STAGNATION (EVERY 2 YEARS)
88600 2680 9TH STAGNATION (EVERY 2 YEARS)
91280 2680 10TH STAGNATION (EVERY 2 YEARS)
93960 11TH STAGNATION (EVERY 2 YEARS)
Sub Ordinate staff increments

NEXT
BASIC SALARY INCREMENT
INCREMENT
19500 665 1ST
20165 665 2ND
20830 665 3RD
21495 665 4TH
22160 830 5TH
22990 830 6TH
23820 830 7TH
24650 830 8TH
25480 830 9TH
26310 990 10TH
27300 990 11TH
28290 990 12TH
29280 990 13TH
30270 1170 14TH
31440 1170 15TH
32610 1170 16TH
33780 1345 17TH
35125 1345 18TH
36470 1345 19TH
37815 (MAXIMUM) 1345 20TH
39160 1345 1ST STAGNATION (EVERY 2 YEARS)
40505 1345 2ND STAGNATION (EVERY 2 YEARS)
41850 1345 3RD STAGNATION (EVERY 2 YEARS)
43195 1345 4TH STAGNATION (EVERY 2 YEARS)
44540 1345 5TH STGNATION (EVERY 2 YEARS)
45885 1345 6TH STAGNATION (EVERY 2 YEARS)
47230 1345 7TH STAGNATION (EVERY 2 YEARS)
48575 1345 8TH STAGNATION (EVERY 2 YEARS)
49920 1345 9TH STAGNATION (EVERY 2 YEARS)
51265 1345 10TH STAGNATION (EVERY 2 YEARS)
52610 1345 11TH STAGNATION (EVERY 2 YEARS)
 PQP (PROFESSIONAL QUALIFICATION PAY)

Paid to both Award and Sub ordinate staff (after reaching maximum scale and every
year until maximum PQP as eligible)

Award Staff
Graduation only Rs 940 per month 1st PQP and Rs 1880 2 nd per month PQP
JAIIB only Rs 940 per month
JAIIB + CAIIB Rs 940 per month 1st PQP and Rs 1880 2 nd per month PQP and Rs
only 2820 per month 3rd PQP
Graduation + Rs 940 per month 1st PQP and Rs 1880 2 nd per month PQP and Rs
JAIIB 2820 per month 3rd PQP
Graduation Rs 940 per month 1st PQP and Rs 1880 2 nd per month PQP and Rs
+JAIIB +CAIIB 2820 per month 3rd PQP and Rs 3760 per month 4 th PQP and Rs 4700
per month 5th PQP

Sub ordinate staff

JAIIB only Rs 940 per month
JAIIB + CAIIB Rs 940 per month 1st PQP and Rs 1880 2 nd per month PQP and Rs
only 2820 per month 3rd PQP

SPECIAL PAY (PER MONTH)

Award staff
Position Special Pay
Chief Associate Rs 17000/-
Special Associate Rs 12500/-
Senior Associate Rs 6200/-
Associate Rs 4300/-
Junior Associate Rs 1200/-

Sub ordinate Staff

Position Special Pay
Senior Head Guard/Senior Head Rs 6030/-
Messenger
Senior Head Attendant Rs 5790/-
Head Armed Guard Rs 2960/-
Head Messenger Rs 2860/-
Head General Attendant Rs 2450/-
Armed Guard Rs 1600/-
Messenger Rs 1670/-
 TRANSPORT ALLOWANCE

 Transport Allowance (per month) to both Award staff and Sub ordinate Staff
Rs 850/-

FPP (FIXED PERSONAL PAY)

Paid to only those who has joined before 01.11.1993

Award Staff (without accommodation) Rs 3155/- per month
Sub ordinate staff (without Rs 1585/- per month
accommodation)

HOUSE RENT ALLOWANCE (HRA)

 HRA (House rent allowance) 10.25% of Basic pay +Special pay+ PQP (if any)
+Officiating pay (if any)

DISCOMFORT ALLOWANCE AND HRA ON 150%

Discomfort allowance of Rs 3500/- per month and HRA on 150% to award staff and Rs
2100 per month to Sub ordinate staff and HRA (on production of rent receipts) on 150%
(subject to transfer out of station other than on account of request)

HALTING ALLOWANCE

Staff Population > 12 lakhs Population 5<12 and Population 5>

and Goa (subject to 15 State and UT
km and more within Capitals
centre)
Award Staff Rs 1500 /- Rs 1350/- Rs 1000/-
Sub Ordinate Staff Rs 1100/- Rs 900/- Rs 600/-

LODGING EXPENSES
(For duty other than headquarters by production of hotel rent receipts)
Staff Population > 12 Population 5<12 Population 5>
lakhs and Goa and State and UT
Capitals
Award Staff Rs 3100 /- Rs 2600/- Rs 2100/-
Sub Ordinate Staff Rs 1550/- Rs 1300/- Rs 1050/-
WASHING AND CYCLE ALLOWANCE FOR SUB ORDINATE STAFF

 Washing Allowance Rs 200 per month where washing of livery is not provided
by the Bank
 Cycle Allowance (only for Sub ordinate staff) Rs 300 per month for outdoor
activities.

MEDICAL AID

 Rs 2830 /-per year

 Rs 500/- per year towards annual eye health check up
 Rs 3000/- once in 2 years for periodical health check up for award staff (w.e.f
15.07.2024)
 Physician Consultation Charges up to Rs 2000/- per years will be reimbursed.

Dental Treatment for clerical staff only

Award Staff Root Canal Cap for Consultation Maximum amount

annual ceiling one tooth fee per year
for one tooth
Metro/Major/state 3500/- 3000/- 600/- 20000/-
capital
Others 2500/- 2000/- 400/- 14000/-

Diseases covered under domiciliary treatment

Cancer Diabetes
Leukemia Hepatitis-B
Thalassemia Hepatitis-C
Tuberculosis Haemophilia
Paralysis Myasthenia gravis
Cardiac Ailment Wilson’s disease
Pleuresy Ulcerative Colitis
Leprosy Epidermolysis bullosa
Kidney Ailment Venous Thrombosis (not caused by smoking)
Epilepsy Aplastic Anaemia
Parkinson’s Disease Psoriasis
Psychiatric disorder Third Degree Burns
Chronic pulmonary disease Rheumatoid Arthritis
Chronic Bronchitis -not caused by smoking Hypothyroidism and Hyperthyroidism
 Physiotherapy under doctor’s advice (30
days) Sequalea of Meningitis
Asthma Osteoporosis
Glaucoma Muscular Dystrophies
Chronic Pancreatitis (non-alcoholic) Sickle cell Disease
Any connective tissue disorder Systemic Lupus Erythematous
Multiple sclerosis/ Motorneuron disease Cervical
Varicose Veins L-4
Kidney Stone /Gall Bladder Stone Fibroids
Urinary Tract Infection Avascular Necrosis
Vitiligo PCOD
Sciatica Skin Diseases
Ear Infection / ENT problems L-5 Slip Disc
Typhoid Jaundice
Eczema Immuno Suppressants
Addison Disease Sjogren Disease
Auto Immune vacuities Auto Immune Myositis
Pernicious anemia Celiac disease

LFC
Block Award Staff Sub ordinate Staff
2 Years 2350 Km (one way) 2700 Km (one way)
4 years 4700 Km(one way) 5400Km(one way)
Encashment of privilege leave while proceeding on leave fare concession shall be
permitted for availment of LFC under 2-year block – maximum 15 days either in each
block or 30 days in one block. And for availment of LFC under 4-year block - maximum
30 days The facility of encashment of privileged leave while availing of Leave fare
concession is also available while encashing the facility of LFC.

 Maximum 5 days P leave can encashed once a year

Reimbursement of expenses on Road Travel
In modification of Clause 32 of Bipartite Settlement dated 11th November, 2020, where
an employee has to travel on duty between two places, he shall be reimbursed actual
cost in case of travel by public transport or at Rs.11/- per k.m. plus toll fees, if any, if
travel by own vehicle.

For the purpose of LFC, while travelling by own vehicle, the employee shall be
reimbursed a maximum of Rs.11/- per k.m. plus toll fees if any, per vehicle. Other
existing provisions to continue.
 3in1
Petrol
Petrol on litres Not maintaining
Position
basis vehicles
Chief Associate 43 900/-
Special Associate 35 850/-
Senior Associate 25 700/-
Associate 20 625/-
Junior Associate 20 625/-
Senior Head Messenger/Senior Head
17 500/-
Guard
Head Messenger/ Head Guard 15 425/-
Messenger/ Armed Guard 13 350/-

Newspaper and entertainment

Position Entertainment Newspaper
Chief Associate (cash in charge) 1350/- 530/-
Chief Associate (non cash in charge) 709/- 530/-
Special Associate 638/- 530/-
Senior Associate 496/- 450/-
Associate 425/- 450/-
Junior Associate 425/- 450/-
Senior Head Messenger/Senior Head Guard NIL 350/-
Head Messenger/ Head Guard NIL 350/-
Messenger/ Armed Guard NIL 350/-

BRIEFCASE
Chief Associate (Customer Support & Sales), Special Associate (Customer Support &
Sales) who are working as cash-in- charge, Special Associate (Customer Support &
Sales) working as in-charge of safe deposit lockers, Special Associates (Customer
Support & Sales) working as ATM in-charge and members of outbound sales force etc.
who have to carry keys or other papers of the bank outside the bank may be reimbursed
with the cost of brief case once in three years upto Rs. 2200/- (including GST)

PAYMENT OF OVERTIME ALLOWANCE

In partial modification of Clause 10.17(b) of Settlement dated 11.11.1966 for the purpose
of calculating the amount of overtime work, the expression “emoluments” shall mean
aggregate of Basic Pay including Stagnation increment, Special Pay, PQP, Officiating
Pay (if any), Dearness Allowance, Special Allowance, Transport Allowance, HRA, FPP,
Special Compensatory Allowance, Special Balancing Allowance and Special Allowance
(Chief Associate), etc. Please refer HR Vol II for details.

KEY ALLOWANCE TO CASH IN CHARGE (PER MONTH)

Key allowance Rs 1500 per month to those who hold charge of cash keys of Branch on
pro rata basis.

SILVER JUBILEE
In terms of Bank extant instructions, Silver Jubilee Award for completing 25 years of
service in the Bank is presented to the eligible employees in the form of a gold coin /
gift vouchers of prominent store with a wide range of gift items/ SBI Gift Cards.
Staff Ceiling in rupees (The revised ceiling is exclusive of the Goods & Service
Tax (GST) amount and the applicable GST will be paid over and above
the ceiling subject to fulfillment of the Bank’s GST guideline)
Clerical Rs 15,000 /-
Subordinate Rs 15,000 /-

HONOURING A RETIRING EMPLOYEE

A memento on Bank’s behalf will be presented to every retiring staff member
(excluding voluntary retirement or compulsory retirement). According to the
guidelines, the memento may preferably be in the form of a silver salver/ article with
suitable inscription/ legend which could be preserved by the retired employee with
pride and cherished memories.
Staff Ceiling in rupees (The revised cost ceiling is excluding of the Goods &
Service Tax (GST) amount and the applicable GST will be paid over and
above the ceiling subject to fulfillment of the Bank’s GST guideline)
Clerical Rs 6,000 /-
Subordinate Rs 6,000 /-

UNIFORM CLOTHING SUB-ORDINATE CADRE EMPLOYEES

Eligibility All confirmed full time employees in sub-ordinate cadre are
eligible for summer uniform.
Periodicity 2 sets of uniform every year.
Colour of uniform Messengers with combined designations: White
Watch & Ward Staff: Khaki
Items of Uniform Messengers
Summer Uniforms
Shirt and trousers.
Cap may be discontinued excluding watch & ward staff.
However, where turban is provided, as head gear to Head
, All the subordinate cadre employees who are eligible for
Bank’s uniform will be provided with one additional set of
summer uniform every year.

Winter Uniforms
Head dress as per summer uniform.
 Jacket-Tunic of Khaki woolen serge-full sleeve-army pattern with 2 breast
pockets, 2 side pockets, shoulder straps, one front with SBI chromium plated
buttons –once in 3 years.
 Trousers serge (woolen) khaki of the same quality and shade as that of Tunic
jacket above.
 Other items will be same as per summer uniforms.

UNIFORMS & LIVERIES

For Bank Guards:

Sr No. Items Quantity

1 Trouser Khaki 3 Per year

2 Shirt khaki Full Sleeve 3 Per year
3 Lanyard with thunder whistle 2 Per year Colour Blue only
4 Cap beret woolen/ Pagadi for Sikhs 2 Per year Colour Blue only
5 Cap Badges White Metal medium size with 3 in three years
SBI Logo
7 Belt leather- Black 1 in 2 years Black Only
8 Name Plate – Plastic 1 Per year
9 Rank strips for head guard 3 Per year Head Guards- 3
stripes Sr. Head Guards- 3 stripes
with a dot on the Centre Colour –
Chevron Golden Yellow
10 Shoulder Title- SBI White metal 1 Per year
11 Shoes- Black 1 Pair Per Year Black in colour –
Oxford Pattern
12 Socks Nylon- Black 3 Pair Per Year Nylon/ woolen
13 SBI Bank guards Chromium plated buckle 1 in three years

Winter Uniform
1 Jacket- Tunic of khaki woolen surge- full sleeve, army
pattern with two breast pockets, two side pockets, 1 in 3 Years
shoulder strap, one front with SBI Chromium plated
buttons
2 Trouser Surge woolen- Khaki of same quality and shade
of jacket/ tunic 1 in 3 Years

Please follow HR Vol-II for armourers dress code with eligibility.

FEMALE EMPLOYEES
Summer Uniform
Female employees in sub-ordinate cadre may be supplied 2 sets of summer uniform
every year. Each set of uniform may comprise the following:
i i. Saree (Polyester)- Standard length.
ii ii. Blouse (Terry cot)
iii iii. Petticoat (cotton)
iv iv. Saree fall should be uniformly of light blue colour).

Winter Uniform
One piece of readymade full sleeve khaki woolen jersey (sweater) or shawl.

SHOES

A pair of black leather shoes from any reputed manufacturer will be supplied every
year to watch & ward staff. W.e.f. 01.04.2016 all Sub-ordinate cadre employees
(excluding watch & ward staff and maintenance staff in sub-ordinate cadre who are
already eligible for supply with shoes) will be supplied with one pair of black
leather shoes every year.
In terms of circular no. PER/IR/CIR/36 dated 24.03.1992, workmen employees who are
supplied with a pair of shoes may also be supplied with shoe polish once a month and
shoe brush once in six months.

CEILING OF UNIFORM
MALE

 Trouser and Shirt (Khakhi) Rs 680/- per metre and Rs 1150/- per set to stiching
charges (3sets)
 Turbans Rs 500/- per turban with each set of summer uniform.
 Trouser and jacket tunic Rs 6500/-for one set of uniform and stiching of Rs
3000/- per set. (max 3 Metre cloth)(one set)
FEMALE

 Saree/Salwar Kameez suit Rs 680/- per metre and Rs 1150/- per set to stiching
charges (3sets)
 Winter including cardigan /shawl Rs 6500/-for one set of uniform and stiching
of Rs 3000/- per set. (max 3 Metre cloth) (one set)

SHOES

 Shoe Rs 2500/- per pair (one pair per year)

 Socks Rs 150/- pr pair (3 pair per year)
 Brush Rs 200/- (one every Six months)
 Polish Rs 100/-(one every month)

OTHERS

 Cap-beret wollen Rs 250/- (once a year)

 Cap badge SBI Rs 145/- (once in 3 years)
 Lanyard with whistle Rs 175/- (once a year)
 Belt Rs 700/-(3-5 years)
 Name Plate Rs 195/- (once a year)
 Rank strip of Hd Watchmen Rs 200/- (once in 2 years)
 Buckle Rs 350/- (3-5 years)

NUTRITION ALLOWANCE FOR PREGNANT EMPLOYEES

Our Bank has been taking several initiatives for the welfare of its employees, especially
female employees. Such initiatives motivate them towards achieving higher efficiency.
On the occasion of the International Women’s Day on 8th March 2022, a new welfare
initiative has been introduced for our women employees.
➢ An amount of Rs. 10,000/- will be paid to our pregnant female employees as
Nutrition Allowance, one time during their pregnancy.
➢ This amount may be claimed by a female employee for a maximum of two instances
of pregnancy.
➢ The amount will be paid through HRMS in the same way as other medical bills are
paid.

AUTISM

(Circular No.: CDO/P&HRD-IR/75/2021 – 22 dated 15.12.2021)

Expenditure incurred on treatment of Autism is not reimbursable at present. It has been
decided, to pay a lumpsum amount of Rs.50,000/- per child per annum to the employee
on self-declaration basis through HRMS for taking care of routine medical support of
the ASD affected children. Authentication of the treatment by the treating Doctor will
be essentially required while submitting the bill.

GLUCOMETER
.
GLUCOMETER AND GLUCOSE TEST STRIPS
The facility of reimbursement of the cost of Glucometer and Glucose Test Strips will be
available to all members of workmen employees who are diabetic.
The cost of Glucose Test Strips will be reimbursed to the employees as per the advice of
the attending Physician / Diabetologist

 Glucometer Strip (100 strip per year) As per advice of attending

physician/Dialectologist Rs 1200/- + GST
 The cost of Glucometer Kit will be reimbursed up to a maximum amount of Rs.
1500/- (Rupees One Thousand Five Hundred only) + GST. The reimbursement can
be availed by an employee once in 10 years through HRMS.
 This facility will be available only to the Bank employees and not to their
dependent family members

REIMBURSEMENT OF COST OF SPECTACLES

 Reimbursement Ceiling (Frame plus Lens) for Award Staff (Clerical and
Subordinate) Rs. 3,000+ GST (once in 3 years)

For more details please refer HR Vol-II

LOANS
INDIVIDUAL HOUSING LOAN SCHEME FOR AWARD STAFF
Maximum Quantum of Loan
Cadre Max Amount (Rs)
Clerical 80 Lacs
Sub Ordinate 60 Lacs

Eligibility

 All confirmed employees, who have completed 2 years' uninterrupted service in

the Bank, will be eligible for the loan. Two years of uninterrupted service in the
 Bank includes the probationary period but not temporary service, if any, put in
by the employee.
 Permanent part-time employees who are drawing scale wages i.e. 1/3rd or more
with 2 years of service (excluding temporary) and are members of the Provident
Fund are also eligible.

For repair/ renovation/ alteration of the Ancestral property acquired without Bank's
finance
Sub Staff Clerical Staff Supervising Staff
Rs.12.00 lacs Rs.18.00 lacs Rs. 30 lacs

The cost of rooftop solar system up to Rs.2.00 lacs can be added to the Project Cost/
agreement value

Rate of interest
5.00% p.a. (simple) (Irrespective of amount of Housing Loan)

Group Life Insurance Policy

The Bank has obtained a Group Term Insurance Policy covering outstanding in home
loan accounts of employees opened under Individual Housing Loan Scheme (IHLS) as a
welfare measure of employees. The annual premium on the policy is being paid by the
Bank.
For more details please refer HR Vol-III

VEHICLE LOAN

CAR LOAN

Eligibility

 All confirmed employees with aggregate 5 years' service will be eligible for car
loan.
 Clerical staff with minimum 5 years' service including those in Armed forces, but
subject to completion of 2 year confirmed service in the Bank. (CDO/P&HRD-
IR/59 dated 15.12.2012)

Maximum Quantum of Loan

Cadre Max Amount (Rs)
Clerical 15 Lacs
Sub Ordinate 7 Lacs
Rate of interest
5.50% p.a. (simple)

TWO WHEELER LOAN

Eligibility and Terms & Conditions

 All Clerical cadre employees, including those on probation will be eligible for
loan for purchase of a two-wheeler vehicle under staff conveyance loan scheme,
irrespective of length of service.
 In case of Ex-Servicemen employees, minimum 3 years confirmed service
including that spent in defense forces, provided the ex-serviceman concerned has
completed one year confirmed service in the Bank.
 In case of Subordinate Staff, Permanent full-time employees with minimum 5
years confirmed service are eligible.

Maximum Quantum of Loan

For Clerical Staff with 3 years of service 90% of cost of two-wheeler with a
ceiling of Rs 2,00,000/-
For Clerical Staff with less than 3 years of 90% of cost of two-wheeler with a
Service ceiling of Rs.1,50,000/-
For sub ordinate staff 90% of cost of two-wheeler with a ceiling
of Rs.1,50,000/-

Rate of interest
5.50% p.a. (simple)

PURCHASE OF SECONDHAND CAR

Age of the vehicle should not be more than 5 years old, and the entire Car Loan should
be repaid within the useful life of the vehicle as certified by the approved valuer (Useful
life of the vehicle to be considered is the difference between age of the vehicle and
maximum tenure of 15 years) or 15 years (whichever is lower). While sanctioning a loan
for purchase of a secondhand Car, the purchase cost or Insured Declared Value as per
the Insurance Company, whichever is lower, will be taken as the basis for arriving at
the quantum of advance.
For more details please refer HR Vol-III
 PERSONAL LOAN SCHEME (OVERDRAFTAND DEMAND LOAN)
ON PROVIDENT FUND
Maximum Quantum of Loan
Category length of service in years Max. amount of Loan
Subordinate Staff Minimum 2 years of uninterrupted Rs.7 lac
service in the Bank
Clerical Staff Minimum 2 years of uninterrupted Rs.10 lac
service in the Bank
Rate of interest
5.95% p.a. (monthly compounded) for Overdraft component and / Or
5.95% p.a. (simple) for the Demand Loan component under fixed repayment
For more details please refer HR Vol-III

COMPUTER LOAN SCHEME

Computer Loan scheme has been launched to enable all categories of employees of the
bank to purchase a Personal Computer/Laptop/I-Pad/Tablet with other computer
peripherals like UPS, Printer, Modem etc., as required for use at home by them and
their family members

Eligibility

All permanent employees with 2 years of service including probation period.

Maximum Quantum of Loan

Maximum of Rs.80.000/-

Rate of interest
5.95% p.a. (simple)
For more details please refer HR Vol-III

FESTIVAL ADVANCE
Festival Advance is treated as salary advance and it is, therefore, interest free. Festival
Advance may be granted once in a year to the members of staff, on application. All
permanent confirmed employees are eligible for sanction of Festival Advance.

For more details please refer HR Vol-III

FOR OTHERS LOANS PLEASE REFER HR VOL-III

COMPILED BY

VARINDERJIT SINGH (SENIOR ASSOCIATE) RBO-IV BARNALA

RAHUL (JUNIOR ASSOCIATE) RBO-IV BARNALA

For any suggestion/update/discrepancy please whatsapp on 8146200536 (Only

whatsapp message)

SPECIAL THANKS FOR GUIDANCE

SH RAMANDEEP SINGH (DGS SBISA BATHINDA MODULE)

SH INDERJIT SINGH SIDHU (AGS SBISA BATHINDA MODULE)

SH MANDEEP SWAMI (REGIONAL SECRETARY SBISA RBO-IV BARNALA)

For more clarifications, please refer bank circular/HR-II and Vol III/ circular no
CDO/P-HRD-IR/29/2024-25 dated 15.07.2024 (12 th Bipartite settlement)

Disclaimer: for any discrepancy or error, Banks

instructions and circulars will prevail.