Wednesday, July 29, 2015

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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