Requirements:
Requirements to avail SCHOLARSHIP GRANT Scheme are as follows:
1. Forwarding Memo.
2. Declaration by the widow of the deceased.
3. Application Form for Scholarship (along with Result Card, Marks Sheet and a Certificate from the Head of the School/College together with the fee paid receipt (s)/cash memo (s) for purchase of books etc.
4. Application/Letter of request by the applicant/Guardian.
5. Letter of G/M OR R/M.
6. Copy of Pension and Retirement benefits letter issued by HRD/P.O. Karachi.
7. Death Certificate.
SOME HARDSHIP CASES ARE EXEMPT UNDER SPECIAL CIRCUMSTANCES SUBJECT TO THE CONCURRENCE OF THE CHIEF EXECUTIVE.
ENTITLEMENT:
A. Anyone who has retired from service of MCB on superannuation after serving 10 years or more. However, in case where an employee expired during the bank service after serving even less than 10 years but more than 03 years will be entitled to the benefits of Welfare Schemes.
B. An employee who has resigned or left the service on his own accord with a minimum service of 10 years or more to his credit and/or has retired voluntarily to qualify for the benefits subject to that he/she has put in 10 years service in the bank.
C. Those employees who have been dismissed or their services terminated will not qualify for any financial assistance from the Foundation.
TIME LIMIT FOR SUBMITTING APPLICATION:
1. The application for Scholarship, fulfilling the criteria must be made within 06 (six) months from the start of the Academic Year in order to become eligible for the Scholarship for the full academic year.
CONDITION OF A PERIOD MAY BE RELAXED UNDER VERY SPECIAL CIRCUMSTANCES ONLY BY THE CHIEF EXECUTIVE.
All applications should be routed through the branch from where the ex-employee is receiving Pension and other benefits. Before forwarding such applications to the respective Regional Manager/General Manager office, the Manager should ensure that those are absolutely in accordance with our requirements as per circular. We hope, with your cooperation we shall be able to distribute maximum benefits to our ex-employees and their families as per their entitlements.
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