The Chairman and Managing Director of the Bank may from time to time issue instructions, as may be considered necessary or expedient for the implementation of these regulations.
56. Residuary provisions:
In case of doubt, in the matter of application of these regulations, regard may be had to the corresponding provisions of Central Civil Services Rules, 1972 or Central Civil Services (Commutation of Pension) Rules, 1981 applicable for Central Government employees with such exceptions and modifications as the Bank, with the previous sanction of the Central Government, may from time to time, determine.
_______________________________________ 46 Inserted vide HO Circular 107/2018 dated 27.02.2018 46 APPENDIX – I 23 (See Regulation 35)
1. The formula for updating basic pension and additional pension in respect of employees who retired during the period 01.01.1986 to 31.10.1987 shall be as under: -
(1) A (a) 50 per cent of first Rs.1000 of the :: Rs. ------------ average emoluments reckonable for pension
(b) 45 per cent of next Rs.500 :: Rs.------------
(c) 40 per cent of the average :: Rs.------------ emoluments reckonable for pension exceeding Rs.1500 Total of (a+b+c) Rs.----------- (A) B 50 per cent of the average monthly :: Rs.----------- (B) emoluments for the last 10 months in service prior to retirement C Dearness Relief at index number 600 :: Rs.----------- (C) in the All India Average Consumer Price Index for