Trust
Role of Federation in Social Welfare Activities
In the 4th Biennial Conference of Federation held at Hyderabad from
November 28 to 30, 1982, a unique fund named All India United
Commercial Bank Officers' Federation Members' Welfare Fund, a rare
scheme in the banking industry in those days, was launched to extend
various welfare benefits to the officers. Com. M K Ramchandran took main
initiative to form the Fund. Com. C R P Haran took up the uphill task for
smooth functioning of the Fund since its formation. The said Fund has
since been taken over by AIUCBOF Welfare & Benevolent
AIUCBOF Welfare, which was born in a very humble way in our Hyderabad
Conference in 1982 in order to bestow few welfare benefits to the members, was
converted into AIUCBOF Welfare & Benevolent Trust to broad base its activities
in 2002. The Trust has grown into a huge tree extending several benefits to its
members. The total membership of the Trust is 8377
The benefits being extended by Trust are stated below:
- Holiday Home Facility: Reimbursement is made towards actual amount paid for accommodation or 1000/- whichever is less.
- Medical Aid Scheme : Serving members with spouse and dependent children as per bank's scheme and Retired members with spouse can enjoy medical benefit to the extent of 1 Lac after settlement by bank/insurance company as the case may be, on payment of small amount of donation for each financial year in the month of April.
- Death Relief : In case of death or permanent disablement of a member while in service, death relief/compensation amount of 50000/- is payable to his/her nominee.
- Meritorious Children Award : For securing 80% and 75% marks in Xth and XIIth standard respectively.
- Health Check up Scheme for Retired members : 800/- reimbursed annually on production of receipt.
- Orthopedic Equipment for Retired members : One time reimbursement of 2000/-
