Employees are eligible to avail Leave Fare Concession facility to visit their place of domicile or visit any place in India upto eligible distance.
SUBSTAFF
Once in 2 years – 2600 KM
Once in 4 years – 5200 KM
ELIGIBILITY – AC III Tier for the journey by mail/express train. By Steamer – II Class Cabin
Note: The above mentioned distance limit is only for one way travel and reimbursement will be for both onward and return journey.
Road Milege charges Rs.8/- per Km.
• Permanent employees with 11 months service eligible for LFC.
• Employees have to give their option to avail LFC either in 2 year block or 4 year block
• Clerical employees can undertake travel by air ; reimbursement will be restricted to the entitled train fare as per the admissible distance.
• Employees can undertake the travel by any means of surface transport including taxi or own car within the eligible entitled fare.
• By giving option, employees can encash the LFC and cash will be paid upto 100% of the entitled train fare of that block.
• While encashing LFC, no leave need to be taken
• While availing LFC/encashing LFC, employees under 2 year block can encash Privilege leave upto either 15 days in each block or 30 days in one block. Employees under 4 year block can encash upto 30 days.
• Employees can avail LFC with their family
• Employee and family can travel together or avail LFC by separate travel within the block
• Employees can travel by steamer while on LFC and for clerks entitled class would be I Class Cabin and for substaff II class cabin
For the purpose of LFC / Medical facilities)
1. Spouse
2. Wholly dependent unmarried children (including step children and legally adopted children)
3. Parents ordinarily residing with and wholly dependent on the employee.
4. A married female employee may include her natural parents or parents-in-law under the definition of family (but not both) provided that the parents/parents-in-law are ordinarily residing with and wholly dependent on her.
Provided however, in the case of non-subordinate staff, they will be reimbursed the fare for travel by Rajdhani/Shatabdi trains if the travel has been actually undertaken by such trains.
Provided further that where the non-subordinate employee and / or dependent members of his family undertake travel by air either to his place of domicile or to any other place for rest and recuperation within India, he shall be entitled to be reimbursed the actual air fare so incurred or the II AC class fare by train by a direct route in case of travel to place of domicile or to the extent of the maximum admissible distance in case of travel to any other place for rest and recuperation, during the two year/four year block respectively, whichever is less.
Provided further that in addition to train fare, charges incurred on account of local sight-seeing during availment of LFC may also be reimbursed subject to total claim not exceeding the amount equivalent to eligible train fare as per respective entitlement.
Note: GST Charges levied on Train Fare shall be over and above the entitlement. In view of prevailing dynamic fare system, the cost of train tickets charged on the date of booking will be reimbursed.
For employees working in North East States, LFC will begin from Guwahati and the eligible train fare from their place of work to Guwahati will be additionally paid. Similarly, eligible fare for Andaman & Nicobar islands to Chennai/Kolkata, Lakshadweep to Kochi, far-flung area branches in Himachal Pradesh, Uttarakhand, Sikkim, Jammu & Kashmir or any other areas which are not directly connected by train shall be additionally reimbursed under LFC in addition to normal entitlement for the employees working in these areas to the nearest major Railway Station.
An employee and/or members of his family, when availing leave fare concession may undertake travel by any mode of surface transport between places and the employee will be eligible to claim in respect of such journey his actual expenditure or the notional train fare by the entitled class for the admissible and entitled distance, whichever is less, within his overall entitlement.
For the purpose of this sub-clause, travel by any approved mode of surface transport would mean such travel undertaken through any public transport or transport (including taxi) operated by agencies / tour operators approved by appropriate Government authorities or motorcar owned by the employee/spouse.
- (iii) By exercising an option anytime during a block of 2 years or 4 years, as the case may be, an employee can either undertake travel availing of leave fare concession and claim reimbursement upto his entitlement or to encash the facility for the concerned block. The option so exercised shall be irrevocable for the block concerned. On opting to encash the facility, he will be entitled to receive a lump sum equivalent to notional train fare for the admissible distance (depending on a 2 year or 4 year block) by the entitled class, subject to deduction of admissible tax at source. Leave Fare Concession for travel to place of domicile is not encashable. The facility of encashing of Leave Fare Concession may be allowed to employees without the requirement of availing leave for this purpose. An employee opting to encash his LFC shall prefer the claim for himself and his family members only once during the block / term in which such encashment is availed of. The facility of encashment of privilege leave while availing of Leave Fare Concession is also available while encashing the facility of LFC.
- (iv) Provisions under Clause 10.13 (iii) of Bipartite Settlement dated 19th October, 1966 regarding restrictions on entitlement to LFC where both husband and wife are working in the same Bank shall stand deleted. Accordingly, henceforth LFC can be availed independently where both husband and wife are working in the same bank.
- (v) All employees will be given an opportunity to exercise an option within 90 days from the date of this Settlement to avail LFC under two years/four years block as the case may be. If no option is exercised within the stipulated period, the earlier option will continue to be operative.
- (vi) Dolly/Pony charges as per Government Rates shall be reimbursed within the overall entitlement.