Maternity Leave and Paternity Leave rules for bank employees/Officers
Employees (including permanent part-time employees) or Officers of the bank on maternity leave shall be entitled to full emoluments. Every female employee is eligible for Maternity leave on full substantive pay, not exceeding 6 months on any one occasion subject to a maximum of 12 months during the entire period of service. Maternity leave is…
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Casual /Unavailed casual leave, special CL, and bereavement leave rules in banks explained
Updated as per 12th BPS/9th Joint Note dated 08.03.2024 [This article elucidates a complete guide on Casual leave, Unavailed Casual leave, Special Casual leave rule and half days CL, and bereavement leave] The officers and award staff of the bank including permanent part-time employees are eligible for 12 days of casual leave in a year…
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Modified LFC/LTC rules for bankers under 12th BPS/ 9th Joint Note
In the latest settlement under 12th BPS and 9th Joint Note agreements signed on March 08, 2024, between the Unions and IBA; partial changes are made to existing LFC/LTC rules. Accordingly, Leave Travel Concession (LTC) or Leave Fare Concession (LFC) facility shall be allowed for bank employees and officers are as under. For Workmen: The…
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Privilege Leave (PL) rules for bank employees/officers under 12th BPS/9th Joint Note
The officers and employees of the bank including permanent part-time employees are eligible for Privilege leave at the rate of one day for every 11 days of active service with the entitlement of full pay and all allowance as if he/she were on duty rules in Banks. While calculating credit of PL based on active…
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Leave rules for Bank Staff under latest settlement
Changes in leave rules for bank employees and Bank officers were updated in terms of the 12th BPS/9th Joint Note dated 08.03.2024 This post provides details of the eligibility of an employee or the officer for availing of casual leave, unavailed casual leave, special casual leave privilege leave, sick leave, additional sick leave, maternity leave,…
When can a bank refuse to leave or recall an employee from leave?
Leave of all kinds cannot be claimed as a matter of right. When the exigencies of service so require, discretion to refuse or revoke leave of any description is reserved to the authority granting it, and an employee already on leave may be recalled when considered necessary in the interests of the Bank. As per…
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