A LEAF FROM MY LIFE –XXX (Bank’s generosity). I had ‘Rjdoot’ motor-cycle. Now, the Fait Car was openly available in the market. Earlier it was booked and its delivery was given after two to three years. The bank issued circular that the officers could purchase the car free of interest at 10% margin in big cities. One day, Amar, my R. M. came to my office and told me: “I want that all my managers in Chandigarh should have Cars”. The cost of the Car was Rs.32197.20 p and the bank was to finance Rs.29000/-and I was supposed to put Rs.3000/-only. I told him that I didn’t have the margin money. Initially, he was astonished to know that I did not have this much of money even. He then told me that he would arrange for the margin also. As Rs.400/- per month was the instatement, I posed a problem that I wouldn’t be able to afford Rs.400/- every month. He told me that he would sanction car maintenance allowance also, which would compensate me to some extend and besides I would be entitled to the traveling allowance on mileage basis if I had to go out-station on bank duty. The cost of Petrol was much cheap. I think it was about Rs.3/- per liter. He insisted that I should submit the letter of request to his office with in two, three days by all means. There was discussion in my family on the issue and most of my family members were not in favour of purchasing the Car, because of the financial crunch. But after looking all the aspects, enhancement of the status and the R. M.’s desire I submitted my letter of request to the R. O. after three days and decided to sell my Rajdot motor Cycle. Next to the Bank Building, there was Cycle Shop. When Bawa, the owner came to know that I had a mind to sell the Motor Cycle, he immediately came to me and showed his inclination to purchase my Motor Cycle and offered Rs.3500/-. I immediately accepted his offer as after driving the Motor Cycle for more than three years which I had purchased for Rs.3000/- (against bank loan), the offer seemed to me was reasonable. But had I margin money, I would not have sell the Motor Cycle as I could use it as the main mode of my conveyance and Car for the occasional use and could have saved some petrol expenses but I had no option. Ultimately, I purchased the Fait Car (Padmni) for Rs.32197.20 p from Delhi Motors, Chandigarh. Ashok Sethi an insurance agent who was regular visitor to our office helped me in the purchasing the Car and to get all the formalities of Insurance and Registration completed. The number I got was CH-6211. He got me a driver named Krishan lal for Rs.300/- to train me before the banking hours. It took me about two months to learn the driving. There was not much traffic on the roads those days. Now, as the cheaper conveyance, motor bike, was not available the car was used as the sole conveyance. Though it affected my pocket yet there is no denying that the car enhanced my social status and helped me to procure more business for the Bank. I was manager scale II.
Posted on: Mon, 13 Oct 2014 06:40:42 +0000
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