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…
Project Area Compensatory Allowance
In partial modification of Clause 27 of the Bipartite Settlement dated 25th May 2015, w.e.f. 1st November, 2017, workmen in project areas shall be paid project area compensatory allowance as…
Split Duty Allowance
In partial modification of Clause 26 of the Bipartite Settlement dated 25th May 2015, w.e.f. 1st November 2017, Split Duty Allowance shall be payable at all centers at Rs 200/-…
Cycle Allowance
w.e.f. 1st November 2017, cycle allowance is payable to the members of the subordinate staff who are required to use a cycle on regular assignment for outdoor duties at Rs.150/-…
Washing Allowance
With effect from 1st November 2017, washing allowance shall be payable at Rs.200/- p.m., where the washing of livery is not arranged by the bank.
Halting Allowance
With effect from 1/11/2020, halting allowance shall be payable at the following rates for the days spent on duty outside the headquarters: Places with population of 12 lakhs and above…
Compensation for losses due to breakage or damage to goods on Transfer
With effect from 1/11/2020, compensation on transfer, shall be as under: – Where an employee produces receipts or a statement of loss in respect of breakages subject to a maximum…
Compensation on Transfer
With effect from 1/11/2020, compensation on transfer, shall be as under: – An employee on transfer shall be paid the cost actually incurred for transporting his personal effects, as under:-…
MATERNITY LEAVE
(A) Maternity leave, which shall be on substantive pay, shall be granted to a female employee generally for a period not exceeding 6 months on any one occasion and 12…
Disciplinary Action and Procedure
The procedure for taking any disciplinary action against employees is well-defined and codified under the Bipartite Settlement dated 10th April, 2002 between the Union and the management (IBA).The nature of…