Dear Officer Comrades,

You are aware that the Bank has commenced reimbursement of perquisite tax liability for the financial year 2025–26, and the first instalment has already been credited to many officers’ accounts.

However, it has been brought to our notice that several officers have not yet received the first instalment.

Clarification has been sought from the F&I Vertical, Central Office. It is informed that cases where the tax amount is not tallying on a month-to-month basis are still under reconciliation. Such cases are being processed at the Central Office, and the amounts will be credited shortly upon completion of reconciliation.

Officers are requested to take note of the above.

Regards

Sreenath Induchoodan
9747773220