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 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 Formula and 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
|Remaining Years of Service||10|
|Present Basic (Taken as 35000)||35000|
|IDA (Industrial Dearness Allowance)||53200|
|One Day Salary||2940|
|Compensation on Completed Years||2160900|
|Compensation on Remaining Years||735000|
|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.