Retirees' Space is designed to help and guide the retirees of the Bank. The space provides access to the links which help them with the necessary details and documents they may require.

Digital Service Memoir

As a sequel to our digitization journey, we are happy to introduce a new digital platform - Digital Service Memoir. It is an exclusive portal for Pensioners of our Bank, which would serve as a one stop single window and user-friendly interface for their various requirements.

Currently, the following functionalities are enabled in the platform.
 

  • Service Memoir (Digital Pension Book):  Portal to view and download Personal Details, Service Details and Pension Details.  The Pensioner details can be exported in PDF, which would serve as a Pension Book. 
  • Income Tax Portal:  To select Income Tax Regime / Submit Online Investment Declaration, Upload proof for Investments and for viewing and downloading Form- 16.
  • Pension Pass Book: To view and download details of monthly Pension credited and TDS deducted. 

 

 

 

Medical Insurance Scheme

Renewal of Medical Insurance in respect of  Retired Employees of the Bank

Medical Insurance Policy in respect of Retired Employees of the Bank has been renewed for a further period of one year w.e.f from 01.11.2021, in association with M/s National Insurance Company. M/s. Heritage Health Insurance TPA shall continue as the TPA for the policy period from 01.11.2021 to 31.10.2022.

Extended Window Period

M/s. National Insurance Company has now given an extended window period to the Retired Employees who could not renew the policy on time due to various reasons. The instructions regarding the renewal during extended window period are as follows:-

Ø The window period for renewing the policy has been extended till 30.11.2021 for those eligible retired employees who could not renew the policy on time due to various reasons.

Ø The extended window period facility will be available only for the Retirees who were covered under the policy year 2020-21.

Ø For those retirees who wish to join the Medical Insurance policy (for the year 2021-22) during the extended window period, the period of coverage will be effective from 01/12/2021 to 31.10.2022.

Ø The beneficiaries shall have to pay the premium amount applicable for the full year, after deducting the partial contribution from the Bank in eligible cases.

Ø Duly filled application forms has to be submitted by the Retired Employee on or before 22.11.2021 to HR Department directly or through the mail medicare@federalbank.co.in

Ø Applicable premium will be debited from the beneficiary account between 25.11.2021 and 28.11.2021. Once the premium is remitted, no option change will be allowed.

E Card- Medical Insurance 2021-22

Beneficiaries can download e-cards for the policy year 2021-22 using the following link.

Link to generate e-card ( Click Here )

Steps for downloading e-card.

1) Click on the Provided Link

2) Insurance Co  → Select Indian Bank Association (In National Insurance Company)

3) Corporate Name : Federal Bank (Type Manually)

4) Policy Year →  Select 2021-22

5) EmpID → Enter the PF Number

6) Click the Submit Button

M/s. Heritage Health Insurance TPA Pvt. Ltd. can also be contacted in the following phone numbers/e-mail id, for any assistance.

Contact Numbers : 0484-4051199, 7736861944, 7736861943, 0484-2634308

Email ID : federalbank.heritage@bajoria.in

 

Renewal of Medical Insurance Scheme in respect of Retired Employees of the Bank

Last date for submission of Application : 20.10.2021

Period of Debiting the Premium : 25.10.2021 to 28.10.2021

Policy Period : 01.11.2021 to 31.10.2022

Online Submission Portal : Digital Service Memoir ( Click Here )

 

The Group Mediclaim Policy under IBA Medical Insurance Scheme, in respect of Retired Employees, falls due for renewal on 01/11/2021. IBA has informed that M/s. National Insurance Company Ltd. (NIC) shall continue as the Lead Insurer for servicing the Group Mediclaim Policy in respect of Retired Employees for the period from01/11/2021 to 31/10/2022. Further, M/s. Heritage Health Insurance TPA Pvt. Ltd. shall be the Third-Party Administrator (TPA) for servicing the Retirees’ Policy, for the period from 01/11/2021 to 31/10/2022.

As informed, the following features shall be available in connection with renewal of the current year Policy :-

I) Single Person Coverage

Beneficiaries can avail coverage as applicable for a Single Person (only in the case of a Retiree whose Spouse is not alive or Surviving Spouse of the Retiree), by paying premium at reduced rates.

II) Graded Sum Insured

Beneficiaries can opt suitable coverage (Sum Insured) as per their choice under Base Policy, ranging from Rs.1 L to Rs.4 L for Retired Officers and Rs.1 L to Rs.3 L for Retired members of Award Staff.

III) Retirees who are not covered under the expiring Retirees’ Policy pertaining to the period 01.11.2020 to 31.10.2021 can also join the Retirees’ Policy for the period 01.11.2021 to 31.10.2022.

The following options are available in connection with renewal of the Policy in respect of Retired Employees for the period from 01/11/2021 to 31/10/2022.

1) Option I - Without Domiciliary Coverage

Under this Option, expenses incurred in connection withhospitalization alone are envisaged in the scope of the Policy and expenses incurred for domiciliary treatments are not covered.

2) Option II - With Domiciliary Coverage

Under this Option, expenses incurred for domiciliary treatments are also covered for a list of diseases , in addition to the hospitalization expenses. However, the coverage for expenses incurred in connection with domiciliary treatments shall be capped at a maximum of 10% of the Sum Insured (Example : Domiciliary Coverage for Rs.4 L Sum Insured Policy shall be Rs.40,000/- and that for Rs.3 L Sum Insured Policy shall be Rs.30,000/-)

Available Policies under Option I and Option II

Policies with a range of Basic Sum Insured (Rs.1 L to Rs.4 L for Retired Officers and Rs.1 L to Rs.3 L for Retired members of Award Staff) are available under each Option. The beneficiaries, after analyzing, may opt for suitable Policy, matching their requirements. NIC has also proposed to extend Single Person Coverage, so as to take care of the requirements of those retirees without spouse and surviving spouses of retirees, by paying premium at reduced rates.

Details of available Options and Coverage (With and Without Domiciliary) applicable to Retired Officers and Retired members of Award Staff and the corresponding premium to be paid in connection with renewal/joining of Policy are as given below.

i) Officers (Retired)

Base Policy

Premium Including GST

Option I - Without Domiciliary

Option II - With Domiciliary

Sum Insured (in Lakh)

Premium to cover Single Person

Premium to cover Family

Premium to cover Single Person

Premium to cover Family

Rs.4 L

Rs.28,112/-

Rs.43,249/-

Rs.55,927/-

Rs.86,042/-

Rs.3 L

Rs.22,024/-

Rs.33,884/-

Rs.42,319/-

Rs.65,107/-

Rs.2 L

Rs.14,316/-

Rs.22,025/-

Rs.29,388/-

Rs.45,213/-

Rs.1 L

Rs.9,911/-

Rs.15,248/-

Rs.17,566/-

Rs.27,024/-

 

ii) Award Staff (Retired)

Basic Policy

 

Premium Including GST

Option I - Without Domiciliary

Option II - With Domiciliary

Sum Insured (in Lakh)

Premium to cover Single Person

Premium to cover Family

Premium to cover Single Person

Premium to cover Family

Rs.3 L

Rs.22,024/-

Rs.33,884/-

Rs.42,319/-

Rs.65,107/-

Rs.2 L

Rs.14,316/-

Rs.22,025/-

Rs.29,388/-

Rs.45,213/-

Rs.1 L

Rs.9,911/-

Rs.15,248/-

Rs.17,566/-

Rs.27,024/-

Note : Maximum Sum Insured under Base Policy for members of Award Staff (Retired) shall be Rs.3 L

 

Amount to be remitted to subscribe the Policy for the period from 01.11.2021 to 31.10.2022

 

As a gesture of goodwill, the Bank shall bear a portion of premium applicable under Option I - Without Domiciliary Coverage in respect of all retired employees, subject to a maximum of Rs.25,950/- for Retired Officers and Rs.20,350/- for Retired members of Award Staff [at a differential rate on the basis of the type of coverage (family/single) and the Basic Sum Insured slab opted by the beneficiary]. Accordingly, the details of premium to be remitted by a Retired Employee in connection with renewal/joining of the Policy under each category as per Option I and Option II are attached below as Annexure 1 .

3) Super Top - Up Policy

In addition to the Base Policies as mentioned hereinabove, M/s. National Insurance Company Ltd. has also proposed Super Top - Up Policies ( Without Domiciliary Coverage) for Retired Employees. The salient features of Super Top-Up Policy are as given below.

i. Super Top-Up Policy can be availed, only by those Retirees who subscribe Base Policy with Sum Insured of Rs.3 L or Rs.4 L. Super Top- Up policy cannot be availed along with Base Policies with Sum Insured of Rs.1 L and Rs.2 L.

ii. Super Top-Up Policy can be availed, only with the same coverage status of either Single or Family, as opted in the case of Base Policy (i.e. In case, the Retiree opts to avail Base Policy for Family, Super Top-Up Policy cannot be availed for Single Person)

iii. Sum Insured and Premium applicable for Super Top - Up Policy are as follows :

Sum Insured (in Lakh)

Premium Including GST

Premium to cover Single Person

Premium to cover Family

Rs. 5 L

Rs.7,540/-

Rs.11,601/-

Rs. 4 L

Rs.5,731/-

Rs.8,817/-

Rs. 3 L

Rs.4,842/-

Rs.7,449/-

Rs. 2 L

Rs.3,856/-

Rs.5,932/-

Rs. 1 L

Rs.2,421/-

Rs.3,724/-

Note : Super Top-Up Policy cannot be availed along with Base Policies with Sum Insured of Rs.1 L and Rs.2 L.

 

For Base Policy with Sum Insured of Rs. 4 L, Super Top-Up Policy with Sum Insured upto Rs.5 L ( i.e. Super Top-Up Policy for Rs.1 L, Rs.2 L, Rs.3 L , Rs.4 L or Rs.5 L) is permitted.

For Base Policy with Sum Insured of Rs.3 L, Super Top-Up Policy with Sum Insured upto Rs.4 L ( i.e. Super Top-Up Policy for Rs.1 L, Rs.2 L, Rs.3 L or Rs.4 L) is permitted.

iv. Entire premium applicable for the Super Top-Up Policy shall be borne by the Retired Employee.

v. Premium for Top - Up Policy shall be remitted along with the premium for Basic Policy.

vi. Nature of Policy shall be Top - Up without Domiciliary Coverage.

vii. Retired Employee and spouse are eligible to be covered under the Top - Up Policy.

viii. Top - Up Policy will be invoked only when the Sum Insured under the Basic Policy gets exhausted.

ix. Other terms and conditions of the Top - Up Policy shall be the same as in the case of Base Policy.

x. Cashless / Reimbursement facility shall be available in connection with Hospitalization.

xi. Retirees who have not availed Super Top-Up Policy for the Policy period 2020-21 are also permitted to avail Super Top-Up Policy under the current renewal.

xii. Policy period: 01.11.2021 - 31.10.2022

Procedure to be followed in connection with renewal/joining of Policy (Online Submission of Application)

 

1) In order to renew/join the Policy covering the period from 01.11.2021 to 31.10.2022, all beneficiaries, irrespective of their Option/Category (Single or Family/with or without Domiciliary/Super Top – Up/Sum Insured ) , are required to submit the application online, through Digital Service Memoir ( Click Here ) Portal available in www.federalbank.co.in (Retirees’ Space), latest by 20th October 2021. All Retired Employees are requested to use the platform so as to promote paperless environment.

After the successful submission of application, the beneficiary will receive a confirmation mail in their registered email ID. In case the online application is found successfully submitted, there is no need for submitting hardcopy of the application to HR Department.

Please note that Family Pensioners and PF Optees have to invariably send the hardcopy of the application to HR Department latest by 20 th October 2021 as DSM portal will not be available to them.

In case the Retired employee is not able to submit the application online due to any genuine reasons, arrangements may be made to submit hardcopy copy of the application, in the format Annexure 2 (Click Here) to HR Department, latest by 20th October, 2021.

2) Beneficiaries can opt for either Option I (Without Domiciliary) Or Option II (With Domiciliary) Policy of their choice, irrespective of the Option that they have currently subscribed.

3) If at all the application for renewal/joining the Scheme is not received from the beneficiary within the prescribed timeline, the coverage will not be renewed/extended under any Option/Category for the period 01.11.2021 to 31.10.2022. (Note : Membership in the Scheme is of onetime option; employees once opt out/do not join/do not renew the Policy, may not be allowed to join the Scheme on a later stage)

Upon exercising the option for availing the coverage under the Scheme, as applicable to Retired Employees, the proportionate amount of premium payable will be appropriated from the Pension (Savings Bank) Account. Please note that remittance of premium is a pre-requisite for availing the Policy benefits under the Scheme; hence beneficiaries are advised to maintain sufficient balance in their respective Bank Account. Beneficiaries are therefore advised to ensure that the required premium has been debited to their Account latest by 28th October 2021 so as to confirm coverage under the proposed Mediclaim Policy covering the period 01.11.2021 to 31.10.2022. On renewal, the Policy/Scheme details will be made available in the dedicated link for Retired Employees in Bank’s Website ( www.federalbank.co.in under Retiree’s Space).

For any clarifications, please contact us in the e-mail ID: medicare@federalbank.co.in or in Tele Phone No. 0484 - 2634017/2634138.

 

Annexure 1

 

Amount to be remitted to subscribe the Policy for the period from 01.11.2021 to 31.10.2022. (All Premium inclusive of GST)

 

1) Option I - Without Domiciliary Coverage

Applicable

Cadre

Sum Insured - Base Policy

Sum Insured- Super Top-Up Policy

Total Sum Insured (Base + Super Top UP)

Family Floater

Single Person

Base Policy Premium - Family

Super Top-Up Policy Premium -Family

Total Premium - Family (Base + Super Top-Up Policy)

Bank's Contribution - Family

Balance premium to be remitted by the beneficiary -Family (Base + Super Top-Up Policy)

Base Policy Premium - Single

Super Top-Up Policy Premium -Single

Total Premium Single (Base + Super Top-Up Policy)

Bank's Contribution - Single

Balance premium to be remitted by the beneficiary - Single (Base + Super Top-Up Policy)

Retired

Officer

Only

4 L

5 L

9 L

43,249

11,601

54,850

25,950

28,900

28,112

7,540

35,652

16,900

18,752

4 L

8 L

43,249

8,817

52,066

25,950

26,116

28,112

5,731

33,843

16,900

16,943

3 L

7 L

43,249

7,449

50,698

25,950

24,748

28,112

4,842

32,954

16,900

16,054

2 L

6 L

43,249

5,932

49,181

25,950

23,231

28,112

3,856

31,968

16,900

15,068

1 L

5 L

43,249

3,724

46,973

25,950

21,023

28,112

2,421

30,533

16,900

13,633

0 L

4 L

43,249

NA

43,249

25,950

17,299

28,112

NA

28,112

16,900

11,212

Retired Officer & Award Staff

3 L

4 L

7 L

33,884

8,817

42,701

20,350

22,351

22,024

5,731

27,755

13,250

14,505

3 L

6 L

33,884

7,449

41,333

20,350

20,983

22,024

4,842

26,866

13,250

13,616

2 L

5 L

33,884

5,932

39,816

20,350

19,466

22,024

3,856

25,880

13,250

12,630

1 L

4 L

33,884

3,724

37,608

20,350

17,258

22,024

2,421

24,445

13,250

11,195

0 L

3 L

33,884

NA

33,884

20,350

13,534

22,024

NA

22,024

13,250

8,774

2 L

NA

2 L

22,025

NA

22,025

13,250

8,775

14,316

NA

14,316

8,600

5,716

1 L

NA

1 L

15,248

NA

15,248

9,150

6,098

9,911

NA

9,911

5,950

3,961

 

2) Option II - With Domiciliary Coverage

Applicable Cadre

Sum Insured - Base Policy

Sum Insured- Super Top-Up Policy

Total Sum Insured (Base + Super Top UP)

Family Floater

Single Person

Base Policy Premium - Family

Super Top-Up Policy Premium -Family

Total Premium - Family (Base + Super Top-Up Policy)

Bank's Contribution - Family

Balance premium to be remitted by the beneficiary -Family (Base + Super Top-Up Policy)

Base Policy Premium - Single

Super Top-Up Policy Premium -Single

Total Premium Single (Base + Super Top-Up Policy)

Bank's Contribution - Single

Balance premium to be remitted by the beneficiary - Single (Base + Super Top-Up Policy)

Retired

Officer

Only

4 L

5 L

9 L

86,042

11,601

97,643

25,950

71,693

55,927

7,540

63,467

16,900

46,567

4 L

8 L

86,042

8,817

94,859

25,950

68,909

55,927

5,731

61,658

16,900

44,758

3 L

7 L

86,042

7,449

93,491

25,950

67,541

55,927

4,842

60,769

16,900

43,869

2 L

6 L

86,042

5,932

91,974

25,950

66,024

55,927

3,856

59,783

16,900

42,883

1 L

5 L

86,042

3,724

89,766

25,950

63,816

55,927

2,421

58,348

16,900

41,448

0 L

4 L

86,042

NA

86,042

25,950

60,092

55,927

NA

55,927

16,900

39,027

Retired Officer & Award Staff

3 L

4 L

7 L

65,107

8,817

73,924

20,350

53,574

42,319

5,731

48,050

13,250

34,800

3 L

6 L

65,107

7,449

72,556

20,350

52,206

42,319

4,842

47,161

13,250

33,911

2 L

5 L

65,107

5,932

71,039

20,350

50,689

42,319

3,856

46,175

13,250

32,925

1 L

4 L

65,107

3,724

68,831

20,350

48,481

42,319

2,421

44,740

13,250

31,490

0 L

3 L

65,107

NA

65,107

20,350

44,757

42,319

NA

42,319

13,250

29,069

2 L

NA

2 L

45,213

NA

45,213

13,250

31,963

29,388

NA

29,388

8,600

20,788

1 L

NA

1 L

27,024

NA

27,024

9,150

17,874

17,566

NA

17,566

5,950

11,616

 

Fed-e-Life

 

Fed-e-Life: Digital Life Certificate for Pensioners/Family Pensioners of the Bank

Pension and Family Pension beneficiaries of the Bank are required to submit Life Certificate to the Trustees of The Federal Bank (Employees’) Pension Fund, every year, to ascertain their life status so as to ensure uninterrupted receipt of Pension/Family Pension.   Hitherto, hard copy of the Life Certificate (in the prescribed format), was required to be submitted to HR Department, through any of our Branches/Offices, after duly certified by Officials of the Bank. 

As an endeavor to migrate fully to digital/paperless model, a new platform i.e.  Fed-e-Life has been introduced in order to facilitate our Pension/Family Pension beneficiaries to submit their Life Certificate digitally, without visiting Branch/Office.  Any changes in Address, Mobile Number, e-mail ID etc., can also be updated while submitting the Digital Life Certificate. 

Click here to view the detailed operational guidelines 
 

 

Instructions on usage on mobile device

Please view the video for instructions on usage on mobile devices (Android).

 

Digital Life Certificate is based on AADHAAR validation and hence, only those beneficiaries having valid AADHAAR can submit the Life Certificate digitally. In the case of other beneficiaries (not having valid AADHAAR), the existing practice i.e. submitting hard copy of the Life Certificate through any of our Branches/Offices shall be continued. 

Please call us at 0484-2634263 or e-mail to trust@federalbank.co.in for any queries or clarifications.

Note: The Pension/Family Pension beneficiaries can submit the Life Certificate digitally from current Financial Year onwards. Those who have already submitted the hard copy of the Life Certificate for the current year, need not submit the same again digitally. In view of the pandemic situation, the last date for submission of the Life Certificate (either digitally or in hard copy) has been extended till 15th January 2021.

Special Personal Loan Scheme to Pensioners of the Bank

Special Personal Loan Scheme to Pensioners of the Bank

A Special Personal Loan Scheme has been introduced by the Bank in April 2015 in respect of Employees who have retired from the services of the Bank on attaining the age of superannuation and those who have retired at the age of 55 or above under VRS/VSS.

Various refinements have been brought in the scheme from time to time. The refined Personal Loan Scheme, extended to all Ex- Federals who are currently pensioners of our Bank, is reproduced below for the information of all concerned.

Eligibility

  1. Applicant shall be a Pensioner of the Bank
  2. Employees who retired from the services of the Bank on attaining the age of superannuation and employees who retired at the age of 55 or above under VRS/VSS shall be eligible for the Loan
  3. Minimum take home pension/ income after meeting all commitments towards loans including the proposed one should be Rs. 7500/-

Type of Facility

Term Loan

Loan Amount

Upto 10 times of Monthly Pension or Rs.2.00 Lakh, whichever is lower.

Repayment

EMI

  1. By way of auto recovery from the SB account to which the Pension is credited, based on the irrevocable Letter of Authority.

Tenure

  1. 5 years or tenure upto the date on which the retiree applicant attains the age of 70 years, whichever is shorter.

Rate of Interest

Repo Rate + 5.60% (Spread)

Late Payment Fee

2% p. m. in case of default

Processing Fee

Nil

Co-obligancy

  1. Co-obligancy of Spouse
  2. In case of widow/widower, co-obligancy of any earning family member

Security

Nil

Three undated crossed blank cheques in favour of Federal Bank

FOIR

  1. Maximum 65% irrespective of income level
  2. No relaxation permitted

Internal Credit Rating & CIBIL

  1. CIBIL Score as per Retail Loan norms
  2. CIR from CIBIL to be taken
  3. Charges pertaining to CIBIL report to be borne by the Pensioner

Sanctioning Authority

CRCH

Disbursal Branch

Loan to be disbursed only through the Branch where the Pensioner is maintaining the Pension Account

Other Terms & Conditions

All other terms & conditions of Federal Personal Loans (as applicable to general public)

 

Identity Cards to Retired Employees

Identity Cards to Retired Employees

We are pleased to inform that the Bank has decided to issue ID Cards to all the employees, who have retired from the services of the Bank on superannuation. In order to make arrangements to issue the ID Card, employees retired from the services of the Bank on superannuation are requested to submit the application as per the format can be downloaded from here. Kindly forward the application, duly attested by the Principal Officer of the nearest Branch/Office, to HR Employee Relations & Operations.

Download

 

Relaxations in the norms of Staff Loans in respect of employees retired from the Bank 

At present, employees are permitted to continue Vehicle Loan, Housing Loan and Federal Vidya Loan / Federal Career Solutions Loan even after their retirement. On a review, it is decided by the Bank to extend the relaxations to those who have retired from the services of the Bank on superannuation subject to certain conditions. 
 

Application for Commercial Employment

Application for Commercial Employment

All pension opted Retiree Officers of the Bank who wish to accept / engage in any commercial employment / practice for any gainful employment within two years from the date of their retirement shall obtain prior permission from the Bank. The format for application can be downloaded from here.
 

ESOS

ESOS

Paperless exercise of Stock Options and the related process changes.

As our endeavour to move towards fully digital/ paperless mode in connection with processing of applications submitted by employees for exercising Stock Options, we are happy to inform that the ESOS Online Platform has been suitably modified so as to make the exercise process end to end paperless. Henceforth, hard copy of the signed Exercise Forms need not be forwarded to the Secretarial Department, after making the payment through Finacle/Fednet. However, if the payment is made through Finacle, Branch/Office shall ensure that the application number is invariably entered in the particulars field, Perquisite Tax (as specified in the Exercise Form) is remitted in applicable cases and the details (PAN Number, Perquisite Value, etc) are correctly updated under HADM.

With a view to standardize and streamline the process; to improve the overall TAT for processing the applications for exercising Stock Options and to expedite the allotment of shares, the following procedural changes are also being introduced w.e.f. 15/12/2020.

1. Exercise Window: To ensure faster allotment of shares and to move towards a more compliant environment; exercise of Stock Options would be restricted, from here onwards, to once in a week, i.e. on every Wednesday. In case, it happens to be a non-working day, exercise can be done on the very next working day. However, in the case of Stock Options which are due to lapse, employees would be permitted to exercise Stock Options on all the 15 days, prior to the date of lapse. The allotment of shares would be completed within 16 days from the date of exercise of Options.

2. Payment for Exercise: Payment in connection with the Stock Options exercised by the employees shall be made invariably within 7 days (including holidays) from the date of exercise of the Stock Options. In case, the payment is not received within the stipulated time period, the transaction would be treated as invalid and the status of Stock Options would be reverted to the earlier status- i.e. vested (if expiry date of Options is not over) or lapsed (if expiry date of Options is over). Those employees who opt for funding facility from external funding agencies, necessary arrangements would be required to be made by them, prior to the date of exercise of the Stock Options, so as to ensure that the proceeds are received within 7 days from the exercise of Stock Options.

Additionally, the requirement for submitting signed hardcopy of the Nomination Form has also been dispensed with. Nomination may be registered from here onwards through ESOS Online using the navigation Quick links-> Employee Profile Update.

For any further clarifications in this regard, please take up with secretarial@federalbank.co.in .

 

Employee Stock Option Scheme 2010- Lapse of Options

As per the Employee Stock Option Scheme, the Exercise Period of Stock Options commences from the Date of Vesting of Options, which will expire on completion of five years from the respective date of Vesting of Options. As such, any decision with regard to exercising of the Options has to be taken by the beneficiaries within this period.  All concerned may take note that the Options vested will get lapsed, if not exercised within the specified Exercise Period, which will be consequently considered as Options that have not been granted.
 
The Options vested on 12th September, 2015 (Second Tranche in respect of Grant for the Year 2013 at an Exercise Price of Rs.28.63) and  05th November, 2015 (Third Tranche in respect of Grant for the Year 2012 at an Exercise Price of Rs.47.40) would lapse, if not exercised within 11th September 2020 and  04th November 2020 respectively, i.e. after completion of five years of Exercise  Period. It is reiterated that as per the Scheme, Options once lapsed shall be treated as Options that have not been granted and hence, the beneficiaries would not have any claim on the lapsed Options on a later date. 
 
In this background, all concerned are advised to take necessary steps to exercise the Options before the expiry date itself. Details of Vesting Schedules and respective Expiry Dates can be viewed by the eligible beneficiaries by accessing ESOS Online.
 

ESOS Online site can be accessed by clicking the link below.

ESOS Online

Payment of Exercise Price and Perquisite Tax through Fednet for ‘ESOS Online' is enabled. Please click here to know more.

 

 

Grievance Redressal

Retired employees can address their grievances to bank. Please Click here for more details.

Downloads

Policy Schedule - Without Domiciliary 2021-22
Download
Life Certificate Format - Family Pensioners
Download
Mandatory Requirement of Linking PAN with Aadhaar
Download
Implementation of Auto Debit in ESOS Online and the related process changes
Download
ESOS Online – Disabling the ‘Exercise Now’ Menu
Download
PF Case update
Download
Instructions for submitting the application online
Download
Format for Renewal / Joining IBA Medical Insurance Scheme for Retired Employees of the Federal Bank Ltd. (2021-22)
Download
Fed-e-Life: Digital Life Certificate for Pensioners/Family Pensioners of the Bank
Download
Retirees Policy Without Domiciliary
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Retirees Policy Super Top Up
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Medical Insurance Claim Format
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Employee Stock Option Scheme 2010 - Lapse of Options
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ESOS Online – Disabling the ‘Exercise Now' Menu
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Medical Insurance Scheme Details
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Format of Life Certificate
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Application for Identity Card to Retired Employees
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Application for Commercial Employment
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ESOS Online - User Manual
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ESOS -2010 Bonus Issue
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Payment of Exercise Price and Perquisite Tax through Fednet for ESOS Online
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Extension of Vesting dates - ESOS 2010
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