AIBOC CIRCULAR NO. 90 DATED 9TH JUNE 2010

AIBOC issued its circular no. 90 on reimbursement of fuel expenses in respect of use of own vehicles for official purpose. We are reproducing the same here for our readers.

CIRCULAR NO: 90                                        9^th JUNE, 2010

TO ALL AFFILIATES/MEMBERS:

REIMBURSEMENT OF FUEL EXPENSES IN RESPECT OF USE OF OWN

VEHICLES FOR OFFICIAL PURPOSE

The current rate of reimbursement of fuel to Officers who use their own vehicles for the official purpose was fixed long back.  The fuel prices were revised on several times. We raised the issue during the course of our discussions at the time of the 9^th Bipartite Settlement.  The IBA had agreed to look into these aspects at the time of the issuance of the detail guidelines for the implementation of the salary revision.  As there is no reference to these aspects, we have to-day send a communication to the IBA on the subject.  A copy of our communication is enclosed.

All our affiliates/members are requested to await further developments in the matter.

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY

No./1452/179/10                                                      09.06.2010

To,                                                                       

The Chairman,

The Indian Banks’ Association,

World Trade Centre,

MUMBAI – 400 020.

Dear Sir,

TRAVEL ON DUTY – USE OF OWN VEHICLES

REVISION OF RATE OF REIMBURSEMENT

The Offices are permitted to use their own vehicles two/four wheeler; for the purpose of official use on duty from one place to another.  The reimbursement is made on the basis of the distance covered by way of calculating rate per kilometer. The current rate was fixed long time back.  Since then a number of price hikes have taken place in respect of the Petrol, Oil and Gas, thus resulting in our officers being out of pocket while using their vehicles for the official purpose as per the extant instructions.

The issue was brought to the notice of the representatives of the IBA in course of our discussions on Salary Revision as well as the conclusion of the 9^th Bipartite Settlement. The IBA agreed to look into these aspects in a sympathetic and positive manner.

Now that the IBA has come out with comprehensive guidelines for implementation of the 9^th Bipartite it is time to look into other issues of importance and significance.  As the issue of reimbursement of cost of travel as detailed above has not been specifically taken care, we seek your intervention and advise as to the revised rates for reimbursement of the cost of travel in respect of the own vehicles used by our Officers during their official duties.

Please treat the matter as urgent.

Thanking you,

Yours faithfully,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY