REGISTERED KA/BGW-1788/2017-2019 RNI No.KARBIL/2016/69545 MAG(3)/NPP/391/2015-2016 VOLUME - II MARCH - 2017 ISSUE-03 MY BANK IS Only Nenapu from 1.4.2017 Merger on 01. 04. 2017 On 15th February, 2017 Union Cabinet approved Bank, Mysore Bank and State Bank of Mysore. It merger of Associate Banks including State Bank of would be endeavour of every one who belonged to Mysore. Hon'ble Finance Minister announced that Mysore Bank family to join the hands of State Bank of the merger would take place during first week of Mysore Commune in keeping name and legacy of April, 2017. Members of Mysore Bank family were State Bank of Mysore alive for a very long time. hoping against hope that the merger would take place only during 2018. Some even believed that Meeting of representatives of Associate merger may not take place. But, Government's order Banks with State Bank of India Executives was notified on 23rd February, 2017 with merger There are many areas where Associate Bank Retirees date as 1st April, 2017. need clarity. They have not yet been told about the State Bank of Mysore is entering pages of History on Benefits / facilities that are available to retirees / the 1st April, 2017. Successful saga of One hundred pensioners in State Bank of India. In case of need, three years and one hundred eighty one days of service whom to contact. What is the future of REMBS, post- comes to an end. A great institution which changed merger? Many such questions are lingering in the minds of Associate Bank Retirees / Pensioners. Now, lives of lakhs of people would not be there on 1st April. Associate Banks' Department at Corporate Centre, Names of Dr. Sir M. Visveshwaraiah and State Bank of India, Mumbai is organising a meeting H. E. Shri Nalwadi Krishna Raja Charamaraj Wodeyars, of representatives of all Retirees' Organisations at the founders of our Bank would not be invoked in Gurugram on the 22nd March, 2017. Details of the future. Founding fathers of Namma beloved Bank discussion would be reported in the next issue of never imagined that the Bank would not be in Mysore Bank Shathayu. existence after 103 years. Another organisation founded by Dr Sir M. Visveshwaraiah would cease to Seminar on Merger of Associate Banks with exist. Certainly painful to hear that the Bank in which State Bank of India – Employees' perspective members of our Commune served for decades would not be in existence, as Mysore Bank from 1st April 2017. Our Commune organised a Seminar on merger of Associate Banks with SBI - Employees' perspective on But, our Commune would not leave any stone the 11th March, 2017 at Dr. H N Kalakshetra, unturned in its efforts to keep the history, legacy and Jayanagar 7th Block, Bengaluru. Our Commune memory of this great institution, namma Bank, My could reach every employee of State Bank of Mysore. 1 March - 2017 Over 700 employees attended this program. Speech Hassan is one such District, where members of our by Shri T A Padmanabhan, Chief General Manager Commune are in large numbers. (Retd), who was in both State Bank of Saurashtra and Our Hassan District Committee was formed in a State Bank of Indore, when these Banks were merged meeting held on 02-03-2017 at Kannada Sahitya with State Bank of India and Shri Vijaya Raghavan, Parishat, Hassan. Over 90 of our members were DGM (Rtd) from State Bank of India, but originally present. Shri. K. M. Range Gowda, Shri. D. Bore from State Bank of Saurashtra shared their Gowda & Shri. H. P. Parshwanathaiah are elected as experiences at the time of merger and thereafter. A Chairman, President and General Secretary of the presentation on Terminal Benefits in State Bank of Committee respectively. Various other office Bearers India and in State Bank of Mysore was made, duly were also elected. informing the details of the benefits in terms of numbers. Representatives of the Unions and Will Association were also present. Our Commune had organised Workshop on 'Right to Perhaps, this may be the first such an programme by a Property' and 'Controlling your Assets after you'. Full Bank Retirees' Organisation where benefits to present employees was conducted. The feedback information regarding 'Will' was also provided in and response are tremendous. these seminars. The need for execution of Will was also emphasised. It was also informed about An Excel file can be downloaded from our Website limitation of 'Nomination'. (www.sbmpensioners.in – downloads), which helps in understanding the terminal benefits in Associate Society is not as before. Nuclear families have Banks and State Bank of India. replaced Joint families now. The bondage which was in existence earlier is missing today. Children of many Transfer of Savings Bank account : have become NRIs. Now, ideas regarding changing hands have changed. But, the way assets are Currently, our Pension Records of our Bank distributed has also undergone a change. New pensioners are maintained at Head Office of our scenario also demands change in the way one should Bank. But, Pension Records of Associate Bank pass on their assets. Pensioners would be transferred to controlling Circle Office of State Bank of India, immediately after In order to guide members of our Commune, a draft merger. For example, if a Pensioner from our Bank is of 'Will' prepared and published by State Bank of drawing pension from Salem, Pension Records would India, Bhopal Circle is provided, hereunder. Every be transferred to Chennai Circle Office. Therefore, 'Will' should have two witnesses and Registration of members of our Commune who are drawing pension the Will is not mandatory. But, for abundant from the Branch which is situated in a different State precaution, it is suggested that Will should be from the State in which he is staying, are advised to registered. There is no restriction on the number of get their account transferred to nearest Branch, times 'Will' is executed or altered. But, the last 'Will' immediately. before the demise is valid. Hassan District Committee formed This is being circulated on the condition and on 02.03.2017 undertaking that information, comments and views it contains are merely for guidance and reference must Retirees of our Bank are residing in large numbers in not be taken as having the authority of or being in 16 Districts of Karnataka. In many of the Districts, the binding in any way on the State Bank of Mysore number of our members exceeds the total number of Pensioners Commune who do not owe any retirees of all other Banks residing in these Districts. responsibility whatsoever. 2 March - 2017 Format of Will I ____________________________________ son of / daughter of _________________________________ residing at ___________________________________________ make this to be my last Will and Testament. 1. I hereby revoke all wills, codicils and other testamentary documents, made by me and particularly my will dated ______________ and codicil dated ________________. 2. I am possessed of and absolutely entitled to movable and immovable properties which are described in the schedules I to V attached herein. Any mistake in the description or any omission therefrom will not affect the dispositions hereby made and this will deed will apply to all my properties of whatsoever nature and wherever situated and whether standing in my name alone and jointly with anybody else, if any name is first mentioned. 3. After my death, my wife / Husband Mrs. / Mr. __________________ is entitled to the amounts lying in my Bank specifically mentioned in Schedule I attached to this will. This bequeath shall have priority over all other bequests and dispositions. 4. I bequeath my immovable property(ies) situated at ______________ and ______________ centres specifically mentioned as item No. __________________ in Schedule II attached to this will to my ______________ shri/Smt. _____________ and item No. _____________ to my _________________ Shri/Smt./Ms. ______________________ and Shri/Smt./Ms. _______________________ absolutely. 5. I bequeath the Gold/Silver ornaments and jewellery mentioned in Schedule III to my ______________ Shri/Smt./Ms. _______________________________________________________ absolutely. 6. a) I bequeath the Shares / and Securities, MUTUAL FUND & PPF specifically described under Schedule IV to my ______________________ Shri/Smt./Ms. _____________________________ and Shri/Smt./Ms. _________________________________ 7. I hold insurance policies for self/family for life cover as also property which is spelt out in Schedule V to my Will. I bequeath all my properties which are not mentioned in this WILL in favour of Shri/Smt./Ms. ______________________________ and Shri/Smt./Ms. ________________________ 8. I bequeath my miscellaneous assets in Schedule VI as per details given therin. I have made this WILL while I am in sound health and of good understanding. In witness thereof I have put my signature hereunder in the presence of witnesses on this. ______________ day of _____________ 20____________ Signed by the within named TESTATOR SIGNATURE __________________________ 3 March - 2017 IN THE PRESENCE OF TWO WITNESSES SIGNATURE(s) 1. NAME ______________________________ R/O _____________ _______________ 2. NAME ______________________________ R/O _____________ _______________ *************************************************************************************** Note : * this is only a specimen, please modify as per your requirement. For example, if the testator intends to bequeath all his movable or immovable properties or both types of properties to his wife, the will is to be modified accordingly. * All pages of the will including schedules should be signed * Signatures of two witnesses is must. * This is applicable for self acquired properties. * The will can be registered or unregistered. The advantage of registered will is that it can be proved easily in case of dispute. * The will deed can be made out on plain paper. * Approx. cost of registration of document is presently Rs.