Are you looking for the BSNL VRS Calculator? If yes, then I am here to help you out, In this article, you will find the BSNL VRS Calculator, which will help you to calculate the benefits of a voluntary retirement scheme or VRS using the new VRS Formula as per Gujarat Model.
As well as you will be able to check the approximate ex gratia amount on the cards to be received for the retirement of a working employee.
According to sources is it said that the BSNL VRS scheme would be on the basis of the Gujarat pattern, and the VRS benefits of BSNL and MTNL employees will be calculated on salary, and this means the formula would be Basic Salary + Industrial Dearness Allowance of the last month (Retirement) in service.
Furthermore, the scheme will be open between November 4th and December 3rd of 2019, and the details and instructions related to it already been given to the field units, and to all BSNL employees, So they can inform the BSNL and MTNL employees about the VRS offering, So if you have not got the details yet, you will get it pretty soon.
| Items Considered for VRS | Scheme Calculation |
|---|---|
| Total Years of Service Completed | 33 |
| Remaining Working Service | 5 |
| Present Basic Pay (Taken as 35000) | 40000 |
| Present Industrial Dearness Allowance | 60800 |
| Total Salary Per Month | 100800 |
| One Day Drawn Salary (Total Salary / 30) | 3360 |
| VRS Compensation on Completed Years | 3880800 |
| VRS Compensation on Remaining Years | 420000 |
| Total VRS Compensation | 4300800 |
| But considered a maximum of 36 months salary (40000+60800)*36 | 3628800 |
| Final VRS Compensation (in consideration with lowest) = Exgratia + Pension for remaining service | 3628800 |
Also, there are nearly one lakh BSNL employees who are eligible for the VRS out of the stall strength of 1.65 lakhs, and the company is expecting up to 70000 + employees will opt for New Voluntary Retirement Scheme
The exgratia payment of BSNL VRS 2019 is attachable through Court case?