EK Leaving question
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Join Date: Feb 2006
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The funds are held in USD but you can nominate which currency you want the payout to be at that days exchange rate ( this related to a transfer directly to your bank account)
As as example, if you want to be paid in euros then you will have the equivalent of your USD account transferred in euros.
As always confirm the above, the folks at mondal are helpful in such matters.
As as example, if you want to be paid in euros then you will have the equivalent of your USD account transferred in euros.
As always confirm the above, the folks at mondal are helpful in such matters.
I wonder if anyone has figured that one out- kinda matters when dealing with big amounts.
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Too many variables to make a blanket answer. It would depend on which receiving bank the money is sent to and what final currency you wish the funds to be in. If your home currency is not one of the major ones, perhaps an exchange house in Dubai may offer a particularly favourable rate, would have to check around.
But for sure the less conversions, the better. Even if your final currency is not USD it's almost certainly better to wire it directly in USD, then convert to whatever you want. Rather than convert USD to AED to currency X.
But for sure the less conversions, the better. Even if your final currency is not USD it's almost certainly better to wire it directly in USD, then convert to whatever you want. Rather than convert USD to AED to currency X.
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Good question and I don't know the answer.
In my naivety, I thought that as the Prov Fund was denominated in $ and I had arranged a $ account to accept the funds then the $ value of the Prov Fund at closure would be transferred in full, in $, to my offshore $ account without ever passing through a AED account.
Or is that too sensible?
In my naivety, I thought that as the Prov Fund was denominated in $ and I had arranged a $ account to accept the funds then the $ value of the Prov Fund at closure would be transferred in full, in $, to my offshore $ account without ever passing through a AED account.
Or is that too sensible?
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PAYROLL dept. will be the only one holding you back. They need to calculate every Fils you may owe them, before they calculate your end of service benefits. And only after that, they start on the Visa Cancellation process.(UAE and all US VISA issued under Emirates request).
EOS staff are very helpful in guiding you through the Leaving Process.
You are Lucky if you get your Passport and Provident Fund Cheque exactly at your LDS (last day of Service). Normally, a delay on Visa cancellation takes an extra 2 days. The company provides the pilot 2 nights FREE hotel Accomodation at the Holiday Inn express besides EGHQ after the LDS.
About the Repat Ticket, you can always rebooked it later as you like. but you need to exit the UAE 30 day after your Visa is cancelled.
With your LDS set and you have made up your mind how to claim your PROVIDENT. If by cash, I suggest you visit the NBD branch at the Mezzanine and set a date to Encash your cheque specially with a big amount, if over a million dirhams. They might not have enough CASH in one day, specially if there are 2 pilots encashing at the same time.
EOS staff are very helpful in guiding you through the Leaving Process.
You are Lucky if you get your Passport and Provident Fund Cheque exactly at your LDS (last day of Service). Normally, a delay on Visa cancellation takes an extra 2 days. The company provides the pilot 2 nights FREE hotel Accomodation at the Holiday Inn express besides EGHQ after the LDS.
About the Repat Ticket, you can always rebooked it later as you like. but you need to exit the UAE 30 day after your Visa is cancelled.
With your LDS set and you have made up your mind how to claim your PROVIDENT. If by cash, I suggest you visit the NBD branch at the Mezzanine and set a date to Encash your cheque specially with a big amount, if over a million dirhams. They might not have enough CASH in one day, specially if there are 2 pilots encashing at the same time.
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Hotel Accom
PAYROLL dept. will be the only one holding you back. They need to calculate every Fils you may owe them, before they calculate your end of service benefits. And only after that, they start on the Visa Cancellation process.(UAE and all US VISA issued under Emirates request).
EOS staff are very helpful in guiding you through the Leaving Process.
You are Lucky if you get your Passport and Provident Fund Cheque exactly at your LDS (last day of Service). Normally, a delay on Visa cancellation takes an extra 2 days. The company provides the pilot 2 nights FREE hotel Accomodation at the Holiday Inn express besides EGHQ after the LDS.
About the Repat Ticket, you can always rebooked it later as you like. but you need to exit the UAE 30 day after your Visa is cancelled.
With your LDS set and you have made up your mind how to claim your PROVIDENT. If by cash, I suggest you visit the NBD branch at the Mezzanine and set a date to Encash your cheque specially with a big amount, if over a million dirhams. They might not have enough CASH in one day, specially if there are 2 pilots encashing at the same time.
EOS staff are very helpful in guiding you through the Leaving Process.
You are Lucky if you get your Passport and Provident Fund Cheque exactly at your LDS (last day of Service). Normally, a delay on Visa cancellation takes an extra 2 days. The company provides the pilot 2 nights FREE hotel Accomodation at the Holiday Inn express besides EGHQ after the LDS.
About the Repat Ticket, you can always rebooked it later as you like. but you need to exit the UAE 30 day after your Visa is cancelled.
With your LDS set and you have made up your mind how to claim your PROVIDENT. If by cash, I suggest you visit the NBD branch at the Mezzanine and set a date to Encash your cheque specially with a big amount, if over a million dirhams. They might not have enough CASH in one day, specially if there are 2 pilots encashing at the same time.
RS
Last edited by rocketsurgeon; 4th Apr 2018 at 14:05. Reason: typo
Join Date: Feb 2017
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He resigned before the end if the month so they deducted as much as they could. 10 years sevice and no flight benefits will be honoured etc. But they asked him if he wants to keep his lanyard. (He is ground staff by the way.) He is just happy he is leaving. Bright smile. Tanned. Looking forward to spending time with the family.
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Posting here as I’m guessing there are a few 777 rated people here with right to work in the US who might be looking at coming home. Comlux looking for US based 777 VIP captain. Not 100% sure but I’m guesing this is for Crystal Cruises / Aircruises. Good luck.
CP
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He resigned before the end if the month so they deducted as much as they could. 10 years sevice and no flight benefits will be honoured etc. But they asked him if he wants to keep his lanyard. (He is ground staff by the way.) He is just happy he is leaving. Bright smile. Tanned. Looking forward to spending time with the family.
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He planned his resignation in such a way that he would get his 10 years. But they didn't honour it at all. He even stayed a year longer so that he could get his benefits!
Who is really surprised?
A former #1 seniority number (RIP) lost all his CAPT benefits when he decided to work as an SFI after retirement. That's after pretty much being one of the first pilots employed by EK.
Anybody who thinks EK gives a sh1t about anyone is circling Pluto.
A former #1 seniority number (RIP) lost all his CAPT benefits when he decided to work as an SFI after retirement. That's after pretty much being one of the first pilots employed by EK.
Anybody who thinks EK gives a sh1t about anyone is circling Pluto.
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Who is really surprised?
A former #1 seniority number (RIP) lost all his CAPT benefits when he decided to work as an SFI after retirement. That's after pretty much being one of the first pilots employed by EK.
Anybody who thinks EK gives a sh1t about anyone is circling Pluto.
A former #1 seniority number (RIP) lost all his CAPT benefits when he decided to work as an SFI after retirement. That's after pretty much being one of the first pilots employed by EK.
Anybody who thinks EK gives a sh1t about anyone is circling Pluto.
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But the bank requires a minimum maintaining balance. And below the minimum balance, the bank starts charging you a 25 dirham penalty every month. And thats with NBAD ,when I asked them prior to me leaving.
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On another note- has anyone EVER successfully used their leftover SRCS In the two years post retirement? I have yet to hear of anyone successfully pulling it off. And i wonder about getting on with such low seniority of retirees. Trying to decide if staying the extra 8 months for the tickets is worth it.
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On another note- has anyone EVER successfully used their leftover SRCS In the two years post retirement? I have yet to hear of anyone successfully pulling it off. And i wonder about getting on with such low seniority of retirees. Trying to decide if staying the extra 8 months for the tickets is worth it.
