Bank of Baroda Retired Officers' Association



In pre-pension era, in Banking Industry, a retiree on his receiving retiral dues such as Provident Fund – self and Bank’s contribution –gratuity, leave encashment, additional retirement benefit was forgotten by the Bank as also trade union to which he was attached for over three decades, during service period. His bonds with organization, colleagues were snapped overnight and he felt totally cut off and grappled to adjust to the void created by sudden cessation of linkages with the institutions, colleagues and friends. It was a sort of “corporate death” for a retiree.


In such an environment closely observing the efforts of such retiree to come to terms with changed situations at home and society, Shri V. T. Makwana mooted and placed before few like minded friends the idea/proposal of forming an organization to provide a platform to continue the snapped linkages and foster the spirit of fraternity and fellowship among the retirees. SarvaShri (Late) A. A. Raval, K. R. Patel, B. N. Patel, C. J. Pancholi whole heartedly accepted the proposal and after establishing contacts with retiree colleagues in Gujarat, a meeting was convened at Ahmedabad on 17-3-1990 to give final shape to the idea.



The meeting was attended by -15- retired officers from Ahmedabad, Rajkot and Baroda. After discussions and deliberations it was unanimously decided to form an organization of retired officers colleagues of Bank of Baroda to be known as “Bank of Baroda Retired Officers’ Association.” A draft of formal constitution was adopted after due discussions. It was decided to organize the Association on all India basis having unitary type constitution. The following office-bearers were elected to carry out the functions.


President : (Late) Shri A. A. Raval - Retired DGM - Vadodara
Vice-President : Shri B. S. Sheth - Vadodara
General Secretary : Shri V. T. Makwana - Ahmedabad
Asstt. Secretary : Shri C. J. Pancholi - Ahmedabad
Treasurer : Shri N. S. Shah - Ahmedabad
Members :

Shri J. N. Dholakia - Rajkot

Shri B. N. Patel - Ahmedabad

Shri R. M. Mehta - Mumbai

Shri S. N. Nadkarni - Mumbai

A circular was issued on the same day and mailed to retired colleagues known and also to others after obtaining a list of retirees from Head Office, Baroda.
A communication was also addressed to the Chairman & Managing Director advising formation of the organization and its office-bearers. In that first communication, the following requests were made.


Extending Holiday Home facility


Extending Medical Assistance




The formation of Bank of Baroda Retired Officers’ Association on all India basis was whole heartedly accepted by retired colleagues and within a period of six months, more than 100 retired officers from Gujarat, Maharashtra, Rajasthan, Uttar Pradesh were enrolled. After introduction of pension, the enrollment of members got further momentum and today, after its over 20 years’ glorious existence, it has crossed the mark of 5000. BOBROA has membership from all cadre of officers, from Chairman & Managing Directors, Executive Directors, General Manager and up to officers in junior level. Association has now -8- Zones set up to offer services to the members, as under:
Ahmedabad Ahmedabad, North Gujarat & Saurashtra
Baroda Central & South Gujarat, Kheda & Panchmahals
Greater Mumbai & Goa Zone - Mumbai Greater Mumbai & Thane
Maharastra & Goa Zone - Pune Maharashtra & Goa
Northern Zone -  Delhi Delhi-NCR, Punjab, Haryana, Himachal, J&K, Madhya Pradesh, Chhatisgarh 
Rajsthan Zone - Jaipur Rajsthan
Eastern U. P. Zone -Lucknow Eastern Uttar Pradesh
Western U. P. Zone - Bareilly Westrn Uttar Pradesh & Uttarakhand
Southern Zone, Chennai Tamilnadu, Andhra Pradesh, Karnataka, Kerala, Pondicherry
Eastern Zone, Kolkata West Bengal, Bihar, Jharkhand, Orissa, Assam & North-Eastern States


At present, Bank of Baroda Retired Officers’ Association is the largest cadre-based organization in Public Sector and Private Sector Banks. Even though BOBROA is cadre-based organization of officers, it has always espoused and promoted the cause/interest of entire retiree community of “Barodians” irrespective of cadre. The Association purchased its own office premises in the year 2004.


The Association has taken a lead in organizing bank retirees at apex level. In 1994, BOBROA along with other organizations of retirees in Bank of India, Central Bank, UCO Bank, Dena Bank convened an all India convention of Bank retirees organizations at Ahmedabad and formed All India Bank Retirees Federation. Shri V. T. Makwana, General Secretary of BOBROA was elected as Secretary of Gujarat unit of AIBRF. Here also BOBROA was largest single affiliate of AIBRF.


In year 2003, due to policy level differences, BOBROA withdrew its affiliation with AIBRF and established Retired Bank Officers’ National Confederation an apex level body with H.Q. at Bangalore, Shri V. T. Makwana, at present Executive President, was first General Secretary of RBONC.


Feeling the need of having a united body of retirees’ organization, United Forum of Bank Retirees’ Organisation was formed on the lines of United Forum of Bank Unions.


BOBROA is important member of UFBRO.



With the policy of conducting affairs with consultation and not confrontations, BOBROA has been successful in getting the following benefits to its members in particular and other retired colleagues in general.


Issue of Identity Cards


Holiday home facility to all


Restoration of ½% more interest on term deposits of retirees who are senior citizens over and above 1% allowed to in-service staff


Issue of pension payment order books.


Bank of Baroda Contributory Scheme of Medical Assistance to retired employees, one of the best among public sector banks for superannuated employees. We are actively following up extension of the scheme to VRS-2001 pensions.


BOBROA has achieved acceptability as matured responsible organization with the Bank. The former and Present Chairman & Managing Directors have graced the functions arranged by BOBROA as Chief Guests at Baroda and Mumbai on quite a number of occasions. Other executives at Central and Zonal level also respond to our invitation to participate in functions. The representations by BOBROA to the Bank receive due attention and response.


Task Ahead

BOBROA is actively engaged in bringing following benefits to retirees.


Updation of Pension.


100% neutralization of D.A.


Uniform Medical Scheme.


Improvement in ex-gratia relief to pre-1986 retirees and widows.


Share in allocation of Staff Welfare Fund


Removal of discrimination to officers voluntarily retired under Bank Officers Regulations, 1979 in extending II option for pension.


Restoration of commuted value of pension after 12 years instead of 15 years as at present.


Increase in family pension to uniform 30% instead of slab rates.


Increase in commutation of pension from 33% to 40%.


Grant of Pension option to retirees of erstwhile Bareilly Corporation Bank and Banaras Bank, taken over by our Bank.


BOBROA has initiated/ to initiate judicial interventions in following areas.


100% neutralization of D.A.


Payment of arrears of pension revision to post 1-4-98 Pensions


Updation of Pension


Denial of Pension option to VRS (under ORS) group of retirees


With its dedicated and loyal large membership and over 150 active Governing Council and Zonal Committee members, BOBROA is poised to extend service to its members as also to the retiree community in the Banking Industry.