BSNL VRS Calculator to Check Benefits using VRS Formula

Calculate the benefits of Voluntary Retirement Scheme on BSNL VRS Calculator using new VRS Formula, and check the approximate ex gratia amount on the cards to be received for retirement of a working employee who are eligible for BSNL VRS…

As per the sources, BSNL VRS scheme may be on the basis of Gujarat pattern, and the VRS benefits (Ex Gratia amount) of BSNL / MTNL employee will be calculated on Salary, which means Basic + Industrial Dearness Allowance of the last month in service.

BSNL VRS Calculator
BSNL VRS Calculator New Model

BSNL VRS compensation on calculator will consider the following rules

  • Compensation will consist of salary of 35 days for every completed year of service.
  • Salary of 25 days to be taken into consideration for the balance of service left until Superannuation / Retirement.
  • Compensation will be subject to minimum of Rs.25000 or 250 days salary whichever is higher.
  • Salary for VRS consists of Basic Pay + DA only
  • Arrears of wages due to revision etc.. will not be included in computing.
  • BSNL VRS amount shall not exceed the sum of salary of employee which would draw at prevailing level for he balance of period left before superannuation.
  • Compensation under Voluntary Retirement Scheme will be in addition to terminal benefits.
  • Calculated compensation should not exceed 36 months of salary, when it crossed, he lower will be taken into consideration.

BSNL VRS Calculator

Let us take an example of Mr. Ramanath Swamy working in BSNL and completed 21 years and having 10 years of service opts for Voluntary Retirement Scheme, Following is the calculation as per the Gujarat VRS model, Find your compensation in the new calculator updated with the following conditions

ParticularsCalculation
Service Completed21
Remaining Years of Service10
Present Basic (Taken as 35000)35000
IDA (Industrial Dearness Allowance)53200
Salary88200
One Day Salary2940
Compensation on Completed Years2160900
Compensation on Remaining Years735000
Total Compensation2895900
But considered a maximum of 36 months salary (35000+53200)*36 3175200
Final Compensation (in consideration with lowest)2895900

Details of the exact VRS Formula and calculator uploaded in ERP ESS portal in transparent manner, and VRS window opened on 4th November 2019 and to be closed on 03.12.2019,

How to apply for BSNL VRS 2019 in ERP / ESS Portal – Check now

Check your VRS benefits on App – Calculate on you mobile screen

The eligible employees who are opting for Voluntary Retirement Scheme 2019 will be relieved on 31st January 2020 with all the benefits of superannuation by completing all the formalities and existing procedure.

Latest Update on BSNL VRS

  • 03-12-2019 : At the end of day, according to preliminary reports, out of 104471 eligible employees, 78569 (Group A-4295, Group B -9010, Group C-54994, Group D- 9936 and Industrial Workers -334) have opted for BSNL VRS 2019.
  • 26-11-2019 : Total applied for VRS is 82580.
  • 21-11-2019 : As on date Total successfully opted for VRS is 79111 ( Group A – 4192, B – 8924, C-55652, D-9929, IW 336) and total VRS withdrawal applications are 2195 and decide later is 728.
  • 20-11-2019 : As per the online ERP applications, the total figure reached to 86681 under VRS scheme.
  • 18-11-2019 : After taking in account (deducting) all the withdrawal as on date of total optees stands at 79658, and MTNL VRS figures, the total applied VRS employees are 13315 out of total 16363 eligible.
  • 17-11-2019 : 78163 applied for BSNL VRS 2019

11 thoughts on “BSNL VRS Calculator to Check Benefits using VRS Formula”

  1. Sir
    My doa 03028
    Date of birth 1303196
    Basic pay.. 30630 el 300
    Superannuation 31032020, ne 12 promotion October increment February
    I opted, I m in confusion
    Either I have to go superannuation or Vrs, which is better
    Superannuation retirement benefits is going to be delayed as from February hvy shortage of staff which benefits I will get early, thanks regards

    Reply
    • Prasad Ji, don’t worry, as you are getting increment in February, So better to go on Superannuation, since you will get benefit of increment throughout the LIFE and all will be settled like for others, where corporate office is planning to settle all the retirement benefits on war foot basis at an early time with other sources, so don’t worry, even if it is late, you should benefited on superannuation only.

      Reply
    • if beyond 80,000 people are taking vrs then what is the next step for the employees and what are the benefit for the employee
      if we does not take vrs we have job safety are not and what are the action are your are taking for the employee benefit for job

      Reply

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