Monday, July 4, 2016

Leave Rules in Banks

Leave Rules




LEAVE RULES
Casual Leave
1. Eligible for 12 days in a year.
2. Shall be earned on a pro-rata basis during the first year of service - at the rate of one day for each completed month or part thereof.
3. Can be taken 4 days at a time. The holidays and weekly offs prefixing/suffixing or falling within the period of Casual Leave will not be treated as part of casual leave. (The ceiling of total period of absence of 6 days including holidays was now removed in 10th BPS).
4. CL cannot be combined with any other kind of leave.
Unavailed Casual Leave:
Casual leave not availed in a calendar year is convertible into sick leave with full substantive pay except during the first year. It can be availed only on the grounds of sickness. There is no time limit for availing UCL accumulated in a year. UCL can be availed without MC for 4 days at a time once in a year or two days at a time twice in a year. For one day on any number of occasions, MC is not necessary.
Note: For Officers Unavailed C.L. should be availed within three years.
Privilege Leave
1. Calculated at the rate of one day for every eleven days of active service. While calculating PL, all kinds of leave availed except CL shall be excluded.
2. Can be availed only on completion of 11 months of service.
Generally 4 occasions in a calendar year, though one occasion may comprise even a single day.
(Known as, PL under domestic grounds).

3. However, the reasons for the request by an employee for leave on more than 4 occasions in a year are adequate and genuine and it is not administratively inconvenient, such leave may be granted. PL should be applied before 15 days of the proposed date of commencement of leave.
4. PL on medical grounds can be granted for more than 4 days at a time on production of Medical Certificate which will not be counted in the above 4 occasions.
5. The restriction with regard to the number of times of availing PL, mentioned in Para 3 above, does not apply to members of Executive Committee of a Registered Trade Union. A member of Executive Committee can avail PL for any number of times for organizational work. (of course, within his eligible leave)
6. PL can be accumulated up to 270 days and on retirement the encashment is restricted only to 240 days.

Sick Leave
1. An employee is entitled to sick leave on half substantive pay, at the rate of one month for each year of service subject to a maximum of 18 months (540 days) during his entire service, provided that where an employee has put in a service of 24 years, he shall be eligible to additional sick leave at the rate of one month for each year of service in excess of 24 years, subject to 3 months of additional sick leave. For availing sick leave the employee has to submit MC.
2. An employee can convert the half-pay sick leave in to full pay sick leave.
But twice the period of leave will be debited.
3. During the first year of service sick leave will be granted on prorate basis.
4. Sick Leave can be availed for any number of days.
5. Sick Leave can be availed without Medical Certificate by an employee for a maximum period of 10 days in a calendar year not exceeding two days at a time after exhausting the Casual Leave.
6. Sick Leave can be clubbed with PL, ML and UCL.

Maternity Leave
1. Maternity leave which shall be on substantive pay shall be granted to a female employee for a period not exceeding 6 months on any one occasion and 12 months during the entire period of her service.
2. Within the overall period of 12 months, leave may also be granted in case of miscarriage/abortion/MTP.
3. Within the overall period of 12 months, leave may also be granted in case of hysterectomy up to a maximum of 60 days.
4. ML is available even in the first year of service. Probationers are also eligible. But the probation period will be extended to that extent.
5. Leave may also be granted once during service to a childless female employee for legally adopting a child who is below one year of age, for a maximum period of six months, subject to the following terms and conditions:-
i) Leave will be granted for adoption of only one child.
ii) The adoption of a child should be through a proper legal process and the employee should produce the adoption-deed to the Bank for sanctioning such leave.
iii) The Permanent Part-time Employees are also eligible for grant of leave for adoption of a child.
iv) The Leave shall also be available to biological mother in cases where the child is born through surrogacy.
v) The leave shall be availed within overall entitlement of 12 months
during the entire period of service.

Paternity Leave
With effect from the 1st June 2015, male employees with less than two surviving children shall be eligible for 15 days Paternity Leave during his wife’s confinement. This leave may be combined with any other kind of leave except Casual Leave. The leave may be availed up to 15 days before or up to 6 months from
the date of delivery of the child.

Extra-ordinary Leave
1. An employee is eligible for extraordinary leave on loss of pay when no other kind of leave is due to the employee.
2. This leave is granted not exceeding 3 months on any one occasion with a maximum of 24 months in the entire period of service. Can be combined with or in continuation of any kind of leave except CL.
3. Period of leave on LOP shall not count for increments and increment date will be postponed.

Special Casual Leave for Blood Donation
Employees who donate blood to a recognized blood bank or Bank sponsored blood donation drive are eligible for special CL for one day, on the day of blood donation, subject to the production of satisfactory documentary proof.

Special Leave for Vasectomy / Sterilization
( 1). 6 days CL for male employees for undergoing Sterilization.
(2). 14 days special CL for female employees who undergo non puerperal Tubectomy operation.
3. 1 day special CL for female employee, who had IUD insertions.
4. 7 days CL to male employees whose wife undergoes Non Puerperal Tubectomy operation subject to the production of MC from the doctor who performed the operation to that effect that the presence of the male employee is essential for the period of leave to look after his wife during her convalescence after operation. Leave to commence on the day of operation.
5. An employee developing post-operative complication after sterilization may be granted CL to that extent of the period for which he or she is hospitalized for such post operative complication,
subject to production of necessary certificate from the concerned hospital authorities.
6. An employee is not entitled to special CL after maternity leave, if the sterilization operation, recanalisation was done during the maternity leave.

Special Sick Leave
With effect from the 01.06.2015 special Sick Leave up to 30 days may be granted to an employee once during his/her entire period of service for donation of kidney/organ.

Sabbatical Leave (Govt.Scheme) for Women Employees
Permanent female employees with minimum of 5 years of Service are eligible. In exceptional circumstances, employees with less than 5 years of service can also apply. Purpose of leave is
Medical grounds, care of family members or children, higher studies, visit spouse, etc.

Period of leave shall be a minimum of 3 months at a time and shall not be taken more than once in a year, maximum of 2 years during entire career. Total period of leave including earlier Sabbatical scheme, EOL and extra-ordinary leave under Bi-partite shall not exceed 3 years.

Wednesday, April 20, 2016

KNOW YOUR PENSION

PENSION CALCULATION MADE EASY



SOMETHING ABOUT PENSION



Minimum Pension Rs 1435/-   per month, who retire on or after 01.05.2005.

  Maximum Pension

Those who have got 33 years of qualifying service will get 50% of their average emoluments as Basic Pension and where the qualifying service is less than 33 years; the basic pension would be proportionate to their service.

Calculation of Basic Pension.

Average of 10 months pay prior to the date of retirement has to be calculated (pay includes BP + increment component of FPP+PQP).
Basic pension = (10 months’ Average Pay    x    No of years of service) / (2x33) 

Dearness Relief on Basic Pension.

In respect of employees who retire on or after 1.5.2005, Dearness Relief shall be payable for every rise   or   be recoverable for every fall, as the case may be of every 4 points over 2288 points in the quarterly average of the All India Average Consumer Price Index for Industrial Workers in the series 1960 = 100, at the rate 0.18% of Basic Pension.  
.
 Family Pension :

In the event of death while in service or after retirement, family pension shall be payable to spouse/dependents at the following rates w.e.f. 01.5.2005.

Scale of pay per month                        Amount of Family Pension
Upto Rs 5720                                        30% of the pay as family pension
                                                               with minimum of Rs 1435/-

Rs 5720 to 11440                                 20% of the pay as family pension
                                                              with minimum of Rs 1715

Above Rs 11440                                   15% of the pay as family pension
                                                               with minimum of Rs 2292 and
              Maximum of Rs 4784


KNOW ABOUT GRATUITY CALCULATION

GRATUITY --EASY TO UNDERSTAND

Gratuity

Gratuity is payable on death, retirement, permanent disablement or resignation of an employee and it is calculated by two methods as given below and the amount whichever is higher will be paid.   Gratuity amount up to 10.00 lacs is exempted from Income Tax.


GRATUITY OF AN EMPLOYEE IS CALCULATED WITH TWO METHODS AND WHICH EVER IS HIGHER IS PAID.

METHOD - I


Gratuity Act 1972:

An employee is eligible for gratuity after completion of 5 years of service.   The Gratuity payable under the act is 15 days wages for every completed years of service.   The maximum gratuity payable under the Act is Rs.10.00 lacs from 24.05.2010.

WAGES for this purpose will mean Basic Pay +Spl.Pay+ PQP + FPP (less HRA component) + Dearness Allowance).

The Calculation is as follows:
Gratuity Amount = (Wages) x No of year of service x 15/26
METHOD
- II
(as par 10th Bipertite)

Gratuity as per Service Regulations

An employee is eligible for gratuity after completion of 10 years service.   The gratuity payable is 15 months pay up to 30 years of service plus additional 15 days pay for every completed years of service beyond 30 years
WAGES  for this purpose means BP + PQP + Increment component of FPP.


HOPE EVERY ONE CAN UNDERSTAND.


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Friday, March 4, 2016

Mediclaim Policy for SBI Retirees(Policy-B)

IMPORTANT INFORMATION.


C/A DAO 1 is 35443520197
DAO 2 is 35447167893

Mediclaim Policy for SBI Retirees(Policy-B)

Get in touch with
Shri S P Gupta 23407707 (DAO-I) &
Shri S K Garg 23407832 (DAO-II)


FLOATER POLICY FOR SBI RETIREES
Policy No,. issued by United India Insurance Company. Policy  No. is
120200/28/15/P1/12677548
For all India the policy number is the same.
TPA Medi Assist India TPA Pvt Ltd.'s 24 x 7 Pan India Toll Free No.
1800 419 1170
Till ID cards are issued, in case of emergency hospitalisation, tell hospital Name of TPA and your PF Index No.

Sunday, February 21, 2016

TAILOR MADE FAMILY FLOATE R GROUP MEDICLAIM POLICIES


TAILOR MADE FAMILY FLOATER GROUP MEDICLAIM POLICIES:
(I) FOR CONTINUING MEDICAL BENEFI TS TO THE EXISTING MEMBERS OF
SBI RETIRED EMPLOYEES MEDICAL BENEFIT SCHEME (SBIREMBS); AND
(II) FOR PROVIDING MEDICAL BENEFITS
TO FUTURE RETIREES OF THE BANKAND EXISTING NON MEMBERS OF SBIREMBS
Please refer to Corporate Centre e-
Circular No. CDO/P&HRD-PPFG/78/2015-
16 dated 28.12.2015 advising introduction of two Group Mediclaim Policies for
SBI retirees (Policy ‘A’ & ‘B’). Both the
above policies were launched with the
provision for reimbursement of domiciliar
y treatment for 63 listed ailments to
the extent of 100% of th
e Basic Sum Insured.
2.
Revised Instructions:----->>>>>


LINK-->>>


TAILOR MADE FAMILY FLOATE R GROUP MEDICLAIM POLICIES (New Amended))

Wednesday, January 13, 2016

GROUP MEDICLAIM POLICIES FOR SBI RETIREES CLARIFICATION

Please refer to Corporate Centre e-Circular No. CDO/P&HRD-PPFG/78/2015-16
dated 28.12.2015 advising introduction of
two Group Mediclaim Policies for SBI
retirees as under:





CLICK**GROUP MEDICLAIM POLICIES FOR SBI RETIREES CLARIFICATION

Monday, January 11, 2016

BANK HOLDAYS LIST PUBLISHED IN DELHI GAZZETTE


Just arranged to post here  HOLIDAY LISTS, as  2015 is coming to an end and various State Governments have started issuing notifications regarding holidays under NI Act ( Negotiable Instruments Act ). 

Only authenticated Notifications issued by respective state governments.

Please click for downloading the list of holidays.




**HOLIDAY LIST DELHI**
**HOLIDAYS LIST GUJRAT**
**HIMACHAL PRADESH**
**KERALA**

**MAHARASHTRA**
**MANIPUR**
**PUDUCHERRY**
**WEST-BENGAL**