In terms of NABARD letter vide ref No.NB.IDD/344/316(Pension)/2018-19 dated 23rd October 2018, the Board of Directors of our Bank in their meeting dated 31.10.2018 has adopted “Bangiya Gramin Vikash Bank (Employees’) Pension Regulations, 2018” and “Bangiya Gramin Vikash Bank (Officers and Employees) Service (Amendment) Regulations 2018”.The regulations have been published in Gazette of India, Extraordinary, Part-III, section 4 on 10th December,2018. The regulations are enclosed herewith for reference of all concerned.

As per Bangiya Gramin Vikash Bank (Employees’) Pension Regulations, 2018, all eligible existing Employees (Officers and Employees including part time Sweepers), the retired Employees and the family members of deceased Employees are required to exercise their option in writing in the prescribed format enclosed herewith within 120 (One hundred twenty) days from the date of notification of Bangiya Gramin Vikash Bank (Employees’) Pension Regulations, 2018 in the Gazette of India, i.e. 10th December,2018. Relevant format for submission of option by different categories of employees as described below are enclosed herewith.

Existing employees are advised to submit their Option forms to the Branches/Regional Offices/Head office with which they are attached. All retired employees and family members of deceased employees are to submit their option forms in the Branches/Regional Offices/Head office where the concerned employee was last posted.

Branches and Regional Offices are advised to contact retired employees and family members of deceased employees who were last posted at their Branch/office and bring the contents of this circular to their notice in order to facilitate submission of option. A notice in the enclosed format should also be put up in the Notice Board. They should also extend necessary guidance to the retired employees and eligible family members of deceased Employees for filling up appropriate forms properly.

On receipt of the Option forms, Branch /Offices are advised to verify their records and prepare salary/outstanding liabilities particulars in respect of retired/deceased employees in annexure-V and Annexure- VI after verification of available records. The option forms along with other annexure, after due verification, should be submitted promptly to respective Regional Offices.

Regional Offices are advised to monitor the Branches under their control for prompt submission of the options received by the Branches, undertake further checking of the forms on receipt, verify whether all relevant columns are filled properly and submit them at Head Office P&A Department for further processing. Collected option forms should be sent to Head Office at fortnightly interval to avoid large accumulation at any time.

• Format for Notice
• List of Standard formats
  
  

  SL	Description of Forms	Annexure No
  1.	Option Form to be filled in by the Employees who joined service of the Bank on or before 31.03.2010	ANNEXURE – I
  2.	Option Form to be filled in by the employees who joined service of the Bank between 01 April 2010 and 31 March 2018	ANNEXURE – II
  3.	Option Form to be filled in by the Retired Employees of the Bank	ANNEXURE - III
  4.	Option Form to be filled in by the eligible family members of deceased employees of the Bank	ANNEXURE - IV
  5.	Ten months (prior to retirement/ death) average pay & allowances	ANNEXURE - V
  6.	Particulars of Outstanding Liabilities of the Employee/ Retired Employee	ANNEXURE - VI
  7.	Life Certificate	ANNEXURE -VII
  8.	Acceptance/ Non-acceptance of Commercial Employment	ANNEXURE -VIII
  9.	Certificate of Non-Marriage / Re-marriage	ANNEXURE - IX
  10.	Letter of undertaking by the Pensioner	ANNEXURE - X
  11.	Letter of undertaking by the Pensioner and Family Members /Nominees	ANNEXURE -XI
  12.	Form of Nomination	ANNEXURE - XII
  13.	Application for grant of Family Pension in the event of death of the Employee/Pensioner	ANNEXURE- XIII
  14	Clearance/ Pre-disbursement formalities to be furnished by the proposed Pension Paying Branch	ANNEXURE- XIV

• Copy of Gazette Notification (English version)