SUNDARARAMAN  IYER

DENTITY CARD FOR RETIREES : Those who do not have an Identity Card can fill in a form obtainable from Pension Cell  -  attaching 2 ID Card size photographs, sign the form and arrange to send it to :The AGM -Admn.Dept., (Retired Employees Cell), IDBI Bank Ltd., 14th  floor, IDBI Tower, Cuffe Parade, Mumbai-400 005.  

7)

KYC / UTILITIES OF I-CARD : Members who have not yet submitted their KYC may please arrange to submit their KYC documents to their Home Branch as these are required to be submitted in case of Retired Employee Accounts also. Members may please note that for the purpose of KYC, the Retired Employees I-card issued by IDBI is a valid identity and signature proof. A recent electric or tel. bill, Election card, driving licence etc. would be address proof. 

PENSION SLIPS : Pensioners can, at their option, receive the Pension slips by email. Printouts of the monthly pension slips are not really required You can read the Pension statement on PC itself. For income tax purpose, Form No.16 giving the annual income is the valid proof of income from salary. A hard copy of this is provided by Admn.Dept. - Retired Employees Cell, to Pensioners at the end of the financial year. Current details of IDBI Retired Employees Cell are : 14th  floor, IDBI Tower, Cuffe Parade, Mumbai-400 005.

Pax Nos. DGM : 66552026 / AGM : 66552773 Email : cy.dhuri@idbi.co.in.

 INVESTMENTS : Retirees / Employees have to be extremely cautious and avoid parking their funds with Private / non-Government / unregulated agencies or trading in shares etc. since such investment could carry enormous risk to their capital. Such risks should not be taken at all - For those looking at safe and steady returns, parking their funds in Government Banks  / Government Bonds  is an excellent option.

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IMPORTANT TELEPHONE NOS

For queries regarding Medical matters you may contact :

1. Shri Suril Pillai, DGM 022-66700438,  suril_pillai@idbi.co.in, Sylvia  D Souza AGM 022-62264971,

s_dsouza@idbi.co.in. Ms.Kabita devi, Manager 022 62264920, kabita.devi@idbi.co.in

HOLIDAY HOME :For queries regarding holiday home you may write to holidayhome@idbi.co.in1. Smt. Pragati Bhusare, [Contact No 022- 66552625]

Medical Section is shifted to Belapur, Navi Mumbai at below address, APU, Medical SectionIDBI Bank Ltd Annex Building,9th FloorPlot No 39/40/41, Sector 11CBD BelapurNavi Mumbai Pin :400614Maharashtra VOF Booking mail id : documentation_support@idbi.co.in Please note that Income Tax has been calculated and deducted as per Old tax regime.Details of Old andNew Tax regime and option form to declare tax savings in old or New Tax regime will be issued in duecourse. Form 16 will be available in August 2020. Investment advices received after 20th o

IDBI BANK LTD.  CUFFE PARADE BRANCH

BRANCH  :  66552958

 Branch Head :Mrs. Lobo :  022-66552320 / 

 Officers - no more in the Branch

ARMAN BHANANI : 66552644

GAURISH KUMAR  66552758

arman.bhanani@dbi.co.in

gaurish.kumar@idbi.co.in

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IDBI EMPLOYEES CO.OP. CREDIT SOCIETY :

Transfer of ones funds from IDBI Employees Co.op. Credit Society  S.B. A/c. to IDBI Bank S.B. A/c. is possible by just sending an email to the Society.

Email id of Credit Society : staffsociety@idbi.co.in

Tel.No. : 022-66553434.

Cashier :  022-66553437

Note : All interest rates are subject to change - 

Pl refer the latest Annual Report of the Society.

Simple nterest rates payable half yearly :

1 yr - 

2 YRS -

Fixed Deposits : Interest rates payable monthly :

1 yr :       %

2 Yrs :          %.

Medium Term Deposits payable on maturity : 1 Yr    six point seven five percent 

 and

2 yrs  (effective yeild       7.25 %     ) 

INCOME TAX RETURNS : ITR - 1 is the correct form if income is only from Salary. ITR - 2 is the correct form if there is Salary plus income from other sources like Fixed Deposits, Shares & Debentures, Short term and long Capital Gains (i.e. gains / losses from share market, sale of house and other immovable property etc). It is better to begin the IT returns related work in May and file the returns before June 20th every year year to avoid last minute rush and risk of missing the deadline. The number and date of filing of returns could be noted down and kept in one place as they may have to be mentioned in the next year. The losses from capital gains like Share market transactions cannot be carried forward to the subsequent years if the IT returns are filed after the due date i.e. the last date (Usually July 31 for non-audit cases) prescribed for filing annual returns by IT. Dept. Proofs of all exemptions claimed need to be maintained carefully. Also, it is better to maintain all vital documents in a plastic box in a safe place in the house where all documents relevant to your income and expenditure are available anytime for reference like bank pass books, credit card statements, housing sale / purchase transaction documents, house improvement bills, medical and other bills with originals and copies as relevant and maintain these documents in separate boxes on a year wise basis. This will save lot of time and trouble in an exigency. The documents are required to be maintained for tax purposes for previous seven consecutive years.

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