Latest Sick leave and maternity leave rules in Banks
Sick leave and maternity leave rules are partially modified in Banks under BPS dated 12th BPS and 9th Joint Note dated March 8, 2024. Sick leave: In terms of earlier settlements, an employee is entitled to 30 days of sick leave on half substantive pay, for every year of service subject to a maximum of…
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Revised guidelines on Mandatory Leave for Bank Employees
RBI on Thursday (July 8, 2021) advised the updated instructions to implement a ‘Mandatory Leave’ policy for the employees posted in sensitive positions or areas of operation. The regulator also advised banks that RBI circular DBR.No.BP.BC.88/21.04.048/2014-15 dated April 23, 2015, has been repealed instead of updated instructions. “As a prudent operational risk management measure, the…
Sabbatical Leave (Govt.) Scheme for women
Bank employees and officers are eligible to apply for the sabbatical leave (govt) scheme for women. Permanent female employees/officers with a minimum of 5 years of completed service are eligible for sabbatical leave. Only in exceptional circumstances, permanent female employees / female officers with less than a minimum of 5 years of service can apply.…
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