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…
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…
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:-…