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Thursday, July 30, 2015

IBA clarifies paternity leave, special allowances etc. as per Xth bipartite

IBA clarifies paternity leave, special allowances etc. as per Xth bipartite

IBA clarification on Paternity Leave, LFC, Special Allowance to Ex-Servicemen, Stagnation Increment etc.
"1. Paternity Leave of 15 days can be availed by the employees within 6 months even if the date of delivery of the child was before 1-6-2015.
2. No leave is required to be taken for the purpose of encashment on LFC.
3. For Re-fixation of Pay for Ex-servicemen employees joined/joining the Banks on and from 1-11-2012, Special Allowance of 7.75% + DA will not be reckoned/included.
4. Special Allowance of 7.75 % + DA thereon will be included for encashment of PL on LFC/retirement.
5. Benefit of advancement of stagnation increment by one or two years for those who passed JAIIB/CAIIB/Graduation after reaching 19th/20th Stage shall be effective from 1st November, 2012."
This was the synopsis of AIBEA Circular dated 27.07.15 consequent to IBA's circular dated 25.07.15

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