BSNL VRS Calculator to Calculate Benefits of Voluntary Retirement

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

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