The decision of School Education Board of the Ahmedabad Municipal Corporation to shift salary account of about 6,000 employees from the Bank of India to the Axis Bank has not gone down too well with the staff members.
While some employees suspect foul play as this is the second shift within three years,the Board maintains the deal is a win-win situation,even as the shift is from a nationalised bank to a scheduled bank.
According to Board chairman Manu Rawal,with the Bank of India,they had to shell out Rs 30,000 per month on salary slips as well as the Employees Provident Fund transactions.
As per the new deal,we will be getting a benefit of Rs 2 lakh as insurance cover for our employees free of cost. Moreover,the cost of payslips will be borne by the bank. Also,we wanted the salaries to be made available to our employees on the same day of the payment by us,and the Axis Bank has agreed for the same, Rawal said,adding,However,the staff and teachers will have to open up their accounts on their own.
After a resolution to this effect was circulated to schools on Thursday without any prior notice,teachers and other staff members of the school board questioned the deal.
Habib Mev,a board member,said: We were not consulted about the move. No one except the chairman knows the details of the deal. The insurance cover can be conditional. As far as other benefits are concerned,the Bank of India had also made the same offers. What was the need for a shift from a nationalised bank to a scheduled one? Why there was no discussion before taking the decision?
A schoolteacher said on condition of anonymity: Earlier in 2006,we were asked to shift suddenly from the Bank of Baroda to the Bank of India. Now,again we will have to shift our account. Its so much of trouble for certain benefits we are not even aware of. We have always been told that banking with a nationalised bank is the safest.
Interestingly,the Assistant General Manager of Bank of India,Darshan Kumar Malhotra,said they have not been communicated about the development.