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REGD. No. D. L.-33004/99
The Gazette of India
CG-JH-E-08112024-258533
EXTRAORDINARY
PART III-Section 4
PUBLISHED BY AUTHORITY
No. 906]
NEW DELHI, WEDNESDAY, NOVEMBER 6, 2024/KARTIKA 15, 1946
THE GAZETTE OF INDIA : EXTRAORDINARY
JHARKHAND RAJYA GRAMIN BANK
NOTIFICATION
Ranchi, the 5th October, 2024
[PART III-SEC.4]
No. JRGB/Pension(Amendment)/2024-25. In exercise of the powers conferred by Section 30 read with
sub-section (1) of section 17 of the Regional Rural Banks Act, 1976 (21 of 1976) the Board of Directors of
Jharkhand Rajya Gramin Bank, after consultation with State Bank of India being the Sponsor Bank, and the
National Bank for Agriculture and Rural Development and with the previous sanction of the Central Government,
hereby makes the following regulations to amend the Jharkhand Rajya Gramin Bank (Employees') Pension
Regulations, 2018, namely:
1. (1) These Regulations May Be Called Jharkhand Rajya Gramin Bank (Employees')
Pension (Amendment) Regulations, 2024.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Jharkhand Rajya Gramin Bank (Employees') Pension Regulations, 2018 (hereinafter referred to as the
said regulations), in regulation 2, in sub-regulation (1), in clause (k), for the figures, letters and words "1st day of
April, 2018", the figures, letters and words "1st day of November, 1993" shall be substituted.
3. In regulation 3 of the said regulations, the following regulation shall be substituted, namely:-
"3. Application. –(1) Any employee who
(a) was in the service of the Bank between the 1st September, 1987 and the 31st March, 2010 and retired or dismissed
or removed or terminated from service before the date of notification of Jharkhand Rajya Gramin Bank
(Employees') Pension (Amendment) Regulations, 2024 and refunded or becomes a member of the Fund and refund
within fifteen days from the date of notification of Jharkhand Rajya Gramin Bank (Employees') Pension
(Amendment) Regulations, 2024 in the Official Gazette, the entire final amounts received by him (the corpus
comprising of Bank's contribution to provident fund under the Employees' Pension Scheme, 1995 and interest
accrued thereon till the date of receipt by him of the amount) and the periodic pension, if any, received by him under
the Employees' Pension Scheme, 1995 attributable to any period before date of notification of Jharkhand Rajya
Gramin Bank (Employees') Pension (Amendment) Regulations, 2024 in the Official Gazette but without, in either
case, requiring to pay interest on such amounts from the date of receipt of such amounts to the date of refund:
Provided that an employee who is required to refund the amounts as per this clause may authorise the Bank
to adjust these amounts from the amounts payable by the Bank to the employee:
Provided further that an employee who was eligible to opt for pension under the said regulations but did not
opt within the stipulated time or having opted not refunded the money within the stipulated time, the periodic pension,
if any, received by him under the Employees' Pension Scheme, 1995, need not be refunded.
(b) was in the service of the Bank between the 1st September, 1987 and the 31st March, 2010 and continue to be in the
service of the Bank on or after the date of notification of Jharkhand Rajya Gramin Bank (Employees') Pension
(Amendment) Regulations, 2024 in the Official Gazette, and a member or becomes member of the Fund and caused
or cause to transfer the entire contribution of the Bank along with the interest accrued thereon, within fifteen days
from the date of notification of Jharkhand Rajya Gramin Bank (Employees') Pension (Amendment) Regulations,
2024 in the Official Gazette, to the credit of the Fund constituted in regulation 4 and refund the portion of pension, if
any, received by him under Employees' Pension Scheme, 1995, and attributable to any period before date of
notification of Jharkhand Rajya Gramin Bank (Employees') Pension (Amendment) Regulations, 2024 in the
Official Gazette.
(c) was in the service of the Bank between the 1st September, 1987 and the 31st March, 2010 and exercised an option
under clause (b) of sub-section (3) of section 23A of the Act or resigned before the notification of the said
Regulations, in either case, after having completed twenty years of qualifying service and by giving proper notice,
shall become member of the Fund and refund within fifteen days from the date of notification of Jharkhand Rajya
Gramin Bank (Employees') Pension (Amendment) Regulations, 2024 in the Official Gazette, the entire final
amounts received by him (the corpus comprising of Bank's contribution to provident fund under the Employees'
Pension Scheme, 1995 and interest accrued thereon till the date of receipt by him of the amount) and periodic pension,
if any, received by him under the Employees' Pension Scheme, 1995 attributable to any period before date of
notification of Jharkhand Rajya Gramin Bank (Employees') Pension (Amendment) Regulations, 2024 in the Official
Gazette but without, in either case, requiring to pay interest on such amounts from the date of receipt of such amounts
to the date of refund:
Provided that an employee, who is required to refund the amounts, under this clause may authorise the Bank
to adjust these amounts from the amounts payable by the Bank to the employee.
(2) The family of the employee covered under clauses (a) and (c) of sub-regulation (1), shall be entitled to family
pension under these regulations when the family of such deceased employee refunded or refunds within thirty days
from the date of notification of Jharkhand Rajya Gramin Bank (Employees') Pension (Amendment) Regulations, 2024
in the Official Gazette, the entire final amounts received by the deceased employee or as the case may be the family,
the corpus comprising of Bank's contribution to provident fund under the Employees' Pension Scheme, 1995, and
interest accrued thereon till the date of receipt of the amount by the deceased employee or, as the case may be, the
family of a deceased employee and pension or family pension, if any, received by the employee or the family of the
deceased employee under the Employees' Pension Scheme, 1995, but in either case without requiring to pay interest
from the date of receipt to the date of refund.
Provided that a family of the deceased employee, who is required to refund the amounts under this clause may
authorise the Bank to adjust these amounts from the amounts payable by the Bank to the employee.
(3) Notwithstanding anything contained in this regulation, any employee who joined the service of the Bank on or
after the 1st April, 2010 shall be covered by the National Pension System".
4. In regulation 20 of the said regulations, after sub-regulation (1), the following proviso shall be inserted, namely: -
"Provided that there would no forfeiture of service for employees covered under clause (c) of sub-regulation (1) of
regulation 3".
5. In regulation 32 of the said regulations, the following regulation shall be substituted namely: -
"Payment of pension or family pension in respect of certain employees - (1) Employees who have retired from the
service of the Bank between the 1st September, 1987 and the 31st October, 1993 shall be eligible for pension from the
effective date.
(2) The family of a deceased employee, who was in service between the 1st September, 1987 and the 31st October,
1993 and died before the 31st October, 1993 shall be eligible for payment of family pension from the effective date".
6. In regulation 50 of the said regulations, the following regulation shall be substituted, namely:-
"Date from which pension becomes payable.- (1) Except in the case of an employee to whom the provisions of sub-
regulation (1) of regulations 32, or 41, or 44 apply a pension other than the family pension shall become payable from
the date following the date on which an employee retires or, as the case may be, resigns or opts not to join the
transferee bank under clause (b) of sub-section (3) of section 23A of the Act on refund or refunding or authorising
adjustment of the entire amounts specified under sub-regulation (1) of regulation 3 within the time stipulated under
Jharkhand Rajya Gramin Bank (Employees') Pension (Amendment) Regulations, 2024.
(2) Except in the case of an employee to whom the provisions of sub-regulation (1) of regulations 32, or 41, or 44
apply, family pension shall become payable from the date following the date of death of the employee, on refunding
or authorising adjustment of the entire amounts specified under sub-regulation (2) of regulation 3 within the time
stipulated under Jharkhand Rajya Gramin Bank (Employees') Pension (Amendment) Regulations, 2024.
(3) Notwithstanding anything contained in these regulations, in case of an employee, or as the case may be, family of
the deceased employee who was eligible to opt for pension, or as the case may be, family pension under the said
regulations but did not opt or opted but did not refund the money, but refunds or authorise adjustment of money under
clause (a) of sub-regulation (1) of regulation (3), or as the case may be, under sub-regulation (2) of regulation 3 on or
after notification of Jharkhand Rajya Gramin Bank (Employees') Pension (Amendment) Regulations, 2024 shall be
entitled for pension, family pension, or as the case may be, from date of refund or adjustment under clause (c) of sub-
regulation (1) of regulation 3, or as the case may be, sub-regulation (2) of regulation 3, or the date of retirement or
resignation, or death, as the case may be, whichever is later."
MADAN MOHAN BARIAR, Chairman
[ADVT.-III/4/Exty./675/2024-25]
Note: The principal notification was published vide number JGB/Service(Amendment)/2018-19 dated 30th October
2018 and VGB/Service(Amendment)/2018-19 dated 02nd November 2018 in the Gazette of India,
Extraordinary, Part III, section 4 date the 27th December 2018 and 17th December 2018 respectively.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
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