SBIOA Benevolent Fund

The Benevolent Fund created by the Association lends a helping hand to regular members/ former members and their families at times of extreme difficulties. Immediately on death of a member a sum of Rs.5000/- is paid to the dependent to meet the immediate expenses. The nominee of the deceased member gets a sum of Rs.2,00,000/-. The fund also provides for Scholarships, prizes, medical assistance to poor and deserving children. On retirement Rs.10000/- is paid to the member as a gift.