AOBF - CLOSURE OF SCHEME & REFUND

AOBF REFUND - UPDATE

Dear Veterans,
 You are already aware that AG's Branch has taken a decision to terminate the AOBF wef 2018. They are thus in the process of refunding your contributions in a sequential manner . Presently they are handling those Veterans who were born in 1943 as also those commissioned up to 1971. The amount that will be refunded is as shown in the schedule below.

ACTION ON OUR PART - Please ring up Army HQ AG's Branch Tel No, - 011 26196217 , which is being promptly attended by a JCO. I got connected with  this number in first attempt. Give your IC No to the JCO, he will immediately check your details on his computer and verify with you and your current postal address will be updated by him in his data base. They will send a letter by post at your updated postal address to obtain your bank details for sending you the cheque once your turn comes up. 



    It is however advisable Specially to those commissioned upt 1971 to send a letter to the AG's Branch giving all your details and enclosing a cancelled cheque of your bank account,  as per sample given below:- 

Integrated HQ of MOD (Army), AG’s Branch

Ceremonial & Welfare Directorate (AOBF)

Room No 17 B, 2^nd Floor, West Block III

RK Puram, New Delhi – 110066

CLOSURE OF AOBF SCHEME

Sir,

Since the AOBF scheme has been closed from 31 Dec 2017. my details as under may please be noted for making payment so admissible to me:

Rank	:	Col	Bank Details
Name	:	IM Smart	Name & Address	:	ICICI BANK, Sec-810, NOIDA-201303
Service No	:	IC 19976 M	Savings Account No.	:	234401600543
Date of Retirement	:	30 jan 2001	IFSC Code	:	ICIC0002344
Date of Birth		19 oct 1945	CONTACT DETAILS
Date of Commission		21 June 1968	EMAIL ID		smarty@gmail.com
			MOB		9258678034

Copy of a cheque is printed here in  (OR  Cancelled enclosed).

Yours ever

(Brig IM Smart)

THE SCHEDULE OF REFUND IS AS UNDER :-

Its done, 

 Brig NK Dhand

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Grant from Army Officers Benevolent Fund (AOBF).
1.    Subscription towards AOBF is mandatory for all Army officers including those on deputation. The existing rate of subscription is Rs. 120/- per month.
2.   All subscribers to the AOBF are entitled to receive either the Platinum Grant or the Demise Grant whichever becomes applicable earlier.
3.   All retired officers are eligible to receive the Platinum Grant on attaining the age of 75 years. However, in case the retired officer passes away before attaining the age of 75 years, his NOK is entitled to receive the Demise Grant. Payments will be made on the following sliding scale based on number of years of Commissioned Service : -



     Commissioned Service as an Officer                Amount in Rupees
     (i)       Below 5 years                                            -        Nil
     (ii)      5 to 10 years                                              -        12,500
     (iii)     10 to 15 years                                            -        25,000
     (iv)     15 to 20 years                                            -        38,000
     (v)      20 years and more                                     -        50,000
4. Officers who have been invalided out during service is entitled to a one time lump sum grant of Rs 50,000/- on attaining the age of 75 years as Platinum Grant or Demise Grant to his NOK in case the invalided out officer died before attaining the age of 75 years irrespective of length of commissioned service.
5. It is incumbent on all officers to file their nomination as per Appendix ‘H’, with the Director, Army Officers Benevolent Fund (AOBF),CW Dte, AG’s Branch, Army Headquarters, Room No 76, West Block –III RK Puram, New Delhi –110066 (Telephone No. 26196217). Changes, if any, will also be intimated as and when they occur.
6.  While the Platinum Grant amount of Rs. 50,000/- is subject to income tax, the Demise Grant paid to the Widow is exempted. "


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Appendix ‘H’




NOTE : -  THE COMPLETE DOCUMENT INCLUDING THE DRAFT OF LETTER TO BE WRITTEN TO THE AG'S BRANCH ON DEMISE OF THE PENSIONER AS ABOVE CAN BE DOWN LOADED
FROM HERE -      CLICK TO OPEN AND DOWN LOAD
VIEW HERE (MOVE TEXT UP WITH MOUSE IN THIS WINDOW BELOW ********




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