All India UCO Bank Officer's Federation
All India UCO Bank Officer's Federation (Registered Under the Indian Trade Unions Act,1926)
Affiliated to All India Bank Officers' Confederation & All India Nationalised Bank Officers' Federation


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/-