Sl no.

      Services required by         ESIC with the Bank.

  Existing arrangement  with SBI                    WEF 1.4.99

   Revised Rates WEF               1.4.2005.

1

 collection and transmission  of contribution amount  deposited by the  employers at various  authorised bank branches  in local/regional areas  (about 800 centres).The  procedures for collection is  outlined at annexure-I.

 Bank is collecting contributions  through its branches. It is also  agreed  to undertake this work at  additional  bank branches subject to  prior  approval of the controllers of  such  branches and as far as  possible,  commercial network  branches to be  kept out of perview  of this business.

Rs 1/- per Rs 1000, cap of Rs 10,000.

2

 Opening of Account,  where required, styled as  "Employees State  Insurance Fund Account  Number-I" at New Delhi to  receive all moneys payable  to the Employees state  insurance fund which will  be operated only by the  Head Quarters, office of  the Corporation at New  Delhi.

 An account styled as ESIC Account  Number-I is already in operationNDMB

     No change proposed.

3

 Opening of account,  where required, styled as  "Employees State  Insurance Fund Account  number 2" at Head  Quarters, Regional and  Local Offices for  withdrawal of moneys for  the purposes of meeting  the administrative  expenses, Benefit  expenses etc..The  account will be fed by  transfer of moneys from  the A/C no-1at New Delhi  under instructions from  the Head Quarters Office  at New Delhi, including  automatic credit of  specified amounts on fast  working day every month  to those accounts by  debits to the account  number one at New Delhi.

 Bank is already providing the facility  of opening ESIC A/C No-II at its  branches, wherever required subject  to the conditions mentioned against  item No (1) 1 and above.

     No change proposed.

4

 Statement of Accounts  Will Be Rendered by the  Bank to the Offices of the  Corporation in Respect of  Account Number 1&2 in  the Manner Prescribed by  ESIC.

 At present we do not propose  anychange, however, the Bank may  provide a computer terminal as and  when the requisite facilities are made  available at New Delhi Main Branch.  Branches will continue to provide  Monthly Statements of Account.

 No change proposed. ESIC  Headquarter has already  been provided CINB facility.

5

 Issuing of Demand  Drafts/Pay orders by the  Bank.

 Bank is willing to extend at par  facility/toll-free facilities to ESIC on  maintaining investment level of Rs  500 crores or above.Rs 500 crores  marked has been crossed and  present level is over Rs 1000 crores.  Bankers Cheques and demand drafts  will now be issued at par.

 Re 1/- per 1000, with a cap  of Rs 10,000.

6

 Collection of outstation  cheques drawn on Banks  other than the Bank in  which ESI Fund Account is  maintained.

 Branches will collect outstation  cheques deposited in ESIC Account  number 2 by ESI offices free of cost  (this is different from deposit of  contribution cheques with challan by  subscribers to ESIC schemes.  Outstation cheques will not be  accepted with challans as hitherto).  Out of pocket expenses are to be  recovered in all cases.

Rs 2/- per 1000 plus out of pocket expenses.

7

 Telegraphic remittance at  funds from Account  number-1, at New Delhi to  various branches of the  bank's maintaining "ESI  savings fund account  number 2 of Regional and  Local offices" and vice  versa.

As mentioned against item No (5) of existing arrangement

 Rs 1 per 1000, with a cap  of Rs 10,000 plus out of  pocket expenses.

8

 Encashment of cheques  drawn by the disbursing  officers on ESI  savings  Fund Account number 2 of  the Regional office,  favouring local office  managers etc. for  payment of salary and  other administrative  expenses of the Local  Offices at other branches  of the Bank.

 As mentioned against item No (5) of  Existing Arrangement (but only for  salary and administrative expenses of  Local Office of ESIC)

 Rs 0.50 per 100 plus  collection charges Rs 2 per  1000 -- plus out of pocket  expenditure.

9

 Keeping duplicate keys of  the safe and documents in  safe custody of the Bank.

 Bank will provide toll-free service.

 Free of charges.

10

 Delivery of cash to all  Regional and Local Offices  of Corporation where the  Corporation has opened  ESI savings Fund Account  number 2 through the  bank's cash delivery vans,  wherever required.

 Bank will not be able to provide this  facility as armoured cash delivery  vans are not available at branches

 No changes proposed.

11

 Payment of pension to the  ESIC pensioners at various  branches.

 Bank is charging 11.22 paisa% same  as government commission. It will,  however, rise and fall with the rates  of commission charged on  government business from time to  time.

 Rs 2.50 per Rs 100,  minimum Rs 25.

12

 Minimum time taken that  the bank will take to credit  the amount in ESIC  account in respect of  following to reduce the  loss of income to ESIC for  the amount in transit: --  (a) from base branch to  link branch at Regional  office/sub regional office.  (b) From link branch to  Head Quarters at New  Delhi.

 In view of the fact that  computerisation has not taken place  at all branches and also  communication network and  Electronic Funds Transfer are either  not available or still in developing  stage. Bank will not be able to  reduce the actual time, however, we  propose 14 days in all in place of 21  days at present. Interests on  delayed credit will be payable after  14 days. Base branches will remit  funds collected each day by the  following day by drafts to link  branch. link branches will remit byTT  to Nodal Branch latest by the last  working day of the week

 (a) 4 days treating day of  deposit as day zero

 (b) Next day ( value dating  telegraphic transfers from  link branch to NDMB, if the  amount is invested in term  deposit)

13

 Minimum time taken for  encashment of  cheques/demand drafts  deposited by the  employers: -(a) on  Branch,
 (b) local clearing,
 (c) Outstation cheques  Deposited by the employer  for credit of the ESI  account.

 The normal clearing days that is 3  days.

 (a) Same-day.
 (b) 3 days (treating day of  deposit as zero),
 (c) Not accepted

14

 Payment of interest on:
 (a) Delayed credits to ESI  fund to fund Accounts.

 (b) Delayed credit of funds  remitted from one account  to another.

 Bank will pay compensation beyond  14 days is mentioned against item No  13 above.  Interests at the rate of  2% above SB.

 Same as above .However the facility  of value dating for investments on  such funds are invested with the  bank is agreed.

 (a) Payment of interests on  delayed credits beyond 14  days from the Base branch  to link branch and link  branch to nodal account at  New Delhi -- at the rate of  2% above savings bank  rate. However, no  compounding of interest to  be done.

 (b)-- do--

15

 Payment if any for (a)  issue of cheque-book, (b)  out of pocket expenses,  (c) Ledger folio charges.

 (a) No charges levied,
 (b) On actual basis,
 (c) No charge

 (a) Rs 1 per leaf.
 (b) actual,
 (c) free of charges

16

 Any other benefits that  the bank may be willing to  provide either to the  institution (ESIC) or to the  employees of the  Corporation, that his  House building, consumer  loans, and educational  loans etc.

 Cases to be considered on merit and  deviations, if any, from the standard  terms and conditions of the schemes  may be authorised by competent  authority.

 Concessions will be  extended as applicable for  the specific scheme, if  check off facility and group  guarantee is provided.