13 Jul 2018

MRS (without vouchers) revision from 01-04-2018

Quantum of MRS without vouchers allowance is reduced from 50% to 25% of the annual ceiling w..e.f. 0:1.04.2018, subject to a minimum allowance (without voucher) payable would be 12,000/- per annum payable in four equal quarterly instalments. Retired employees can continue to opt this facility or switch over to reimbursement of outdoor claims  with voucher facility. The option can be exercised in the beginning of the financial year and cannot be changed during that financial year. Retired employees who have not sought any outdoor claim with vouchers during the financial year can exercise the option.
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