SUBSISTENCE ALLOWANCE DURING SUSPENSION
SUSPENSION Clause 14.3 of Settlement dt. 17-9-84: Pending or initiation of such enquiry, an employee may be suspended, but if on the conclusion of the enquiry it is decided to…
SICK LEAVE
1 month for each year of service ( max. 18 months) Additional 1 month per year beyond 24 years service.( max. 3 months) Sick Leave is on half pay but…
Performance Linked Incentive Scheme
The wages settled during wage revision at industry level are paid by all Banks uniformly, irrespective of the size of the Banks and their financial strength. In today’s challenging environment,…
Annual encashment of Privilege Leave
It has been agreed that from the calendar year 2020, Privilege Leave encashment shall be permitted at the rate of 5 days for each calendar year at the time of…
Extraordinary Leave
In partial modification of Clause 13.34 of Settlement dated 19th October 1966, (in case of State Bank of India, Clause 7.34 of Agreement dated 31st March 1967) and Clause 36…
Special Casual Leave
a) With effect from the 1/11/2020, Special Casual Leave may be granted to an employee on occasions when the branch where the employee is working or the place where the…
SPECIAL SICK LEAVE
Special Sick Leave upto 30 days (full salary and over and above normal entitlement ) will be allowed once during his/her entire period of service for donation of kidney/ any…
PRIVILEGE LEAVE
1 month for every 11 months service ( 1 day for every 11 days service) Privilege Leave can be availed upto 4 times in a calendar year.( as against 3…
PATERNITY LEAVE
Male employee 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…
Voluntary Cessation
In partial modification of Clause 33 of Settlement dated 2nd June, 2005, employees who have ceased to be in service of the Bank under voluntary cessation shall be eligible for…