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The welfares and rehabilitation of bank’s ex-employees, their widows and dependant children is being carried out through following welfare schemes:
(1) Maintenance Allowance:
Widows receives Rs.1,000/- per month for a maximum period of six years.
(2) Scholarship:
(A) For Secondary & Higher Secondary classes
Actual tuition fee expenses of school/college going children of ex-employees is reimbursed on 12 month basis.
Maximum of three (3) children of an ex-employee are entitled for scholarship.
(B) For Graduation and Post Graduation
Children of ex-employees receive Rs.50,000/- per annum for pursuing graduate and post-graduate academic programs in field of medicine, engineering, management sciences, computer sciences and accounting.
(3) Outright Marriage Grant:
Ex-employee/Widows receive outright marriage grant of Rs.10,000/- for marriage of daughters.
Maximum of three (3) children of an ex-employee are entitled for marriage grant.
(4) Subsistence Allowance:
Ex-clerical and non-clerical staff on attaining the age of 70 years receive subsistence allowance of Rs.1,000/- per month for a maximum period of 5 years.
(5) Funeral Expenses:
On death of dependant family member, ex-employees receive Rs. 2,000/- in consideration of funeral expenses.
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S.No. |
Welfare Scheme |
June 2004 |
June 2005 |
June 2006 |
Jun 2007 |
Jun 2008 |
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A. |
Monthly Maintenance Allowances to widows |
1922 cases |
2443 cases |
2768 cases |
3079 cases |
3361 cases |
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B. |
Scholarships (for school / college going sons / daughters of Ex-employees) |
488 cases |
1024 cases |
1201 cases |
1355 cases |
1529 cases |
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C. |
Outright Marriage Grants to daughters of Ex-staff |
79 cases |
106 cases |
200 cases |
283 cases |
339 cases |
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D. |
Subsistence Allowance to Ex-clerical/non-clerical staff (of 70 and above) |
315 cases |
433 cases |
494 cases |
555 cases |
621 cases |
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E. |
Funeral Expenses |
6 cases |
11 cases |
20 cases |
32 cases |
36 cases |
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Total Disbursement Cases |
2810 cases |
4017 cases |
4683 cases |
5304 cases |
5886 cases |
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MCBEF Earthquake Relief Fund
MCBEF had extended relief to the affectees of the earthquake which hit the Northern Areas of Pakistan and Azad Jammu and Kashmir on Saturday the 8th October 2005 from a fund i.e. "MCBEF RELIEF FUND" exclusively established for the welfare of MCB's ex-employees who had badly affected by the said earthquake and had expend Rs. 3.39 million against the above fund on first come first serve basis up to 31-03-2006.
In total 79 afectees had been benefited out of above fund.
MCBEF Flood Relief Fund ( RAIN)
MCBEF has extended its relief to the affectees of heavy rain which hit the Makran and Sukkar region.
Covering Area (1) Shahdad Kot (2) Kambar Ali Khan (3) Lalu Rawank (4) Khairpur Nathan Shah etc during the year 2007. A fund namely "MCBEF Relief Fund Rain" exclusively established for the Welfare of MCB's ex-employees who had badly effected by said rain and have allocated Rs.60,000 again. The above fund is available on first come first serve basis upto 30th December 2007. In total six (6) affectees had benefited out of the fund. earthquake which hit the Northern Areas of Pakistan and Azad Jammu and Kashmir on Saturday the 8th October 2005 from a fund i.e. "MCBEF RELIEF FUND" exclusively established for the welfare of MCB's ex-employees who had badly affected by the said earthquake and had expend Rs. 3.39 million against the above fund on first come first serve basis up to 31-03-2006.
In total 79 affectees had been benefited out of above fund. |
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