Deposit Linked Insurance Scheme: RBE No.102/2000 – Subscription to SRPF

No.E(W)97/WE-1/13, dated 29.05.2000

Sub: Deposit Linked Insurance Scheme for Subscribers to SRPF.

1.     Vide this Ministry’s letter No.E(W)97/WE-1/13, dated 20.10.1998 (RBE No.238/1998) maximum additional amount payable under Deposit Linked Insurance Scheme was revised to Rs.60,000. The slabs of minimum balance to be maintained by Railway Servants in their SRPF accounts under the Scheme were also revised through this letter.

2.     Queries have been received as to whether the revised instructions are effective from the date of issue of Board’s letter, i.e. 20.10.1998 (RBE No.238/1998) or from a retrospective date, and also whether the existing and revised instructions are to continue simultaneously for some period in order to extend the benefit of the existing Scheme to those subscribers who do not fulfill the revised conditions.

3.     It is hereby clarified that the revised instructions issued under Board’s letter dated 20.10.1998 (RBE No.238/1998) are effective from 25.04.1998.

4.     It has also been decided that pre-revised Scheme which existed before issue of Board’s letter dated 20.10.1998 (RBE No.238/1998) shall apply in cases of death of subscribers on or before 30.05.2000 and to whom the revised Scheme does not apply.

This issues with the concurrence of the Finance Directorate of the Ministry of Railways.

Download Railway Board Circular RBE No.102/2000                                             

Forward reference ⇒ RBE No.