Full Text
REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-30112024-259052
EXTRAORDINARY
PART III—Section 4
PUBLISHED BY AUTHORITY
No. 956] NEW DELHI, FRIDAY, NOVEMBER 29, 2024/AGRAHAYANA 8, 1946
7718 GI/2024
PUNJAB NATIONAL BANK
NOTIFICATION
New Delhi, the 29th October, 2024
F. No. HRDD/POL/OSR(E).—In exercise of the powers conferred by section 19, read with sub-section (2)
of section 12 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), the Board
of Directors of the Punjab National Bank, after consultation with the Reserve Bank of India and with the previous
sanction of the Central Government, except as respects things done or omitted to be done in pursuance of the
Government of India, Ministry of Finance, Department of Financial Services letter No. 4/2/2/2015-IR, dated the 18th
December, 2020, on and from the 1st November, 2017 till the date of publication of this notification in the Official
Gazette, hereby makes the following regulations further to amend the Punjab National Bank (Officers') Service
Regulations, 1979, namely:-
1. (1) These regulations may be called the Punjab National Bank (Officers') Service (Amendment)
Regulations, 2024.
(2) They shall come into force on the date of their publication in the official gazette.
2. In the Punjab National Bank (Officers') Service Regulations, 1979 (hereinafter referred to as the said regulations),
in regulation 3,-
(i) for clause (f), the following clause shall be substituted, namely:
"(f) "Family" for the purposes of medical facilities and for the purpose of leave fare concession means,
the spouse of the officer, wholly dependent unmarried children (including step children and legally
adopted children), wholly dependent physically and mentally challenged brother or sister with forty per
cent. or more disability, widowed daughters and dependent divorced or separated daughters, sisters
including unmarried or divorced or abandoned or separated from husband or widowed sisters, and
parents wholly dependent on the officer.
Explanation.—
(a) The expression "wholly dependent family member" shall mean such member of the family having an
income not exceeding ₹12,000/- per month. If the income of one of the parents exceeds ₹12,000/- per
month or the aggregate income of both the parents exceeds ₹12,000/- per month, both the parents shall
not be considered as wholly dependent on the officer.
(b) A married female officer may include her natural parents or parents-in-law under the definition of family,
but not both, provided that the parents or parents-in-law are wholly dependent on her.
Note 1: For the purpose of medical expenses reimbursement scheme, for all officers i.e., male or female, any two
of the dependent parents or parents-in-law shall be covered. The officer will have the choice to
substitute either of the dependents or both.
Note 2: Physically challenged children of an officer to be defined as dependents irrespective of age or marital
status, subject to income criteria;"
(ii) for clause (i), the following clause shall be substituted, namely:-
"(i) 'Managing Director' means the Managing Director and the Chief Executive Officer of the Bank;"
3. In regulation 4 of the said regulations,
(i) in sub-regulation (6), the Explanation shall be omitted;
(ii) for sub-regulations (7), (8) and (9), the following sub-regulations shall be substituted, namely:-
"(7) With effect from the 1st November, 2017, the scales of pay specified against each grade shall be as
under:-
(a) Top Executive Grade
Scale VII =₹116120-3220/4-129000
Scale VI = ₹104240-2970/4 – 116120
(b) Senior Management Grade
Scale V = ₹ 89890-2500/2 – 94890-2730/2 - 100350
Scale IV = ₹ 76010-2220/4-84890-2500/2 – 89890
(c) Middle Management Grade
Scale III = 63840-1990/5-73790 - 2220/2 - 78230
Scale II = 48170-1740/1 - 49910-1990/10 - 69810
(d) Junior Management Grade
Scale I = 36000-1490/7-46430-1740/2-49910-1990/7-63840.
Explanation.— Every officer who is governed by the scales of pay as in force as on 31st October, 2017
shall be fitted in the scale of pay set out as in this sub-regulation as on 1st November, 2017 on stage-to-
stage basis, i.e., on corresponding stages from first stage onwards in the respective scales and the
increments shall fall on the anniversary date as usual except where provided otherwise.
(8) With effect from the 31st March, 2020, the scales of pay specified for Top Executive Grade Scale – VIII
shall be as under:-
Scale VIII = Rs 166350-4400/4 - 183950
(9) Nothing in sub-regulations (1), (2), (3), (4), (5), (6), (7) and (8) shall be construed as requiring the Bank to
have at all times, officers serving in all these grades.
(10) (a) With effect from 1st November, 2012, officers shall be paid special allowances as under:—
Scale I - III 7.75% of Basic Pay plus applicable Dearness Allowance thereon;
Scale IV - V 10% of Basic Pay plus applicable Dearness Allowance thereon;
Scale VI-VII 11% of Basic Pay plus applicable Dearness Allowance thereon.
(b) With effect from 1st November, 2017, officers shall be paid special allowances as under:—
Scale I - III 16.40% of Basic Pay plus applicable Dearness Allowance thereon;
Scale IV - V 19% of Basic Pay plus applicable Dearness Allowance thereon;
Scale VI - VIII - 20% of Basic Pay plus applicable Dearness Allowance thereon.
Provided that an officer in Scale VIII will be eligible for special allowance with effect from the
31st March, 2020.
Note: The special allowance referred to in clauses (a) and (b) of sub-regulation 10 with applicable dearness
allowance thereon shall not be reckoned for superannuation benefits, such as pension including New Pension
scheme, Provident Fund and Gratuity.".
4. In regulation 5 of the said regulations,
(i) for sub-regulation (1), the following sub-regulation shall be substituted, namely: -
"(1) Subject to the provisions of sub-regulation (7) and (8) of regulation 4, on and from the 1st November,
2017, the increments shall be granted subject to the following, namely: -
(a) the increments specified in the scales of pay set out in sub-regulation (7) and (8) of regulation 4 shall,
subject to the sanction of the Competent Authority, accrue on an annual basis and shall be granted on
the first day of the month in which these fall due;
(b) one year after reaching maximum in their respective scales, officers in Scale I and Scale II, shall be
granted further increments including stagnation increment in the next higher Scale only as specified
in clause (c) below subject to their crossing the efficiency bar;
(c) officers in junior management grade Scale I who have moved to scale of pay for Middle Management
Grade Scale II in terms of clause (b) after reaching maximum of the higher Scale, shall be eligible for
five stagnation increments for every two completed years of service of which the first two shall be
Rs. 1990/- each and the next three of Rs 2220/- each:
Provided that the officer shall be eligible for the fifth stagnation increment two years after release of
fourth stagnation increment or on the 1st November 2017, whichever is later.
(d) officers in middle management grade Scale II who have moved to scale of pay for middle
management grade Scale III in terms of clause (b), after reaching maximum of higher Scale, shall be
eligible for five stagnation increments of Rs 2220/- each for every two completed years of service:
Provided that the officer shall be eligible for the fifth stagnation increment two years after release of
fourth stagnation increment or on the 1st November 2017, whichever is later.
(e) officers in substantive middle management grade Scale III i.e., those who are recruited in or
promoted to middle management grade Scale III shall be eligible for six stagnation increments out of
which first four stagnation increments of Rs 2220/- each will be granted for every two years of
completed service after reaching the maximum and the next two stagnation increments of Rs 2500/-
each shall be granted for every two years of completed service after receiving the fourth stagnation
increment.
Provided that the sixth stagnation increment shall be released two years after release of fifth
stagnation increment or on the 1st November, 2017, whichever is later;
(f) officers in senior management grade Scale IV shall be eligible for two stagnation increments after
reaching the maximum of scale, for every two completed years of service, of which first stagnation
increment shall be of Rs 2500/- and the second stagnation increment shall be of Rs 2730/-:
Provided that the officer shall be eligible for the second stagnation increment two years after release
of first stagnation increment or on the 1st November, 2017, whichever is later;
(g) the stagnation increments received by the officers from Scale I to Scale IV during their service in the
banks as on 1st November, 2017 as per periodicity herein before would be readjusted from three years
periodicity to two years periodicity from the date of reaching their maximum and officer shall be
notionally eligible for stagnation increments w.e.f the 1st November, 2017 as per the revised
periodicity which will qualify for superannuation benefits. However, monetary benefit on account of
such revised and readjusted periodicity of stagnation increments shall be payable from 1st November,
2020 or the actual date of entitlement, whichever is later;
(h) officer in senior management grade Scale V shall be eligible for one stagnation increment of Rs
2970/- two years after reaching the maximum scale of pay or on the 1st November 2020, whichever is
later.
Provided that such increments shall not be allowed to an officer who refuses promotion when
offered.
Explanation.— Grant of such increments in the next higher scale under this sub-regulation shall not
amount to promotion and the privileges, perquisites, duties and responsibilities of the officers shall
continue as of their substantive posts.";
(ii) in sub-regulation (2), in the Explanation, after clause (g) and before the Note, the following clause shall
be inserted, namely: -
"(h) On and from the 1st November, 2017, other things being equal, the quantum of professional
qualification pay shall stand revised as specified in the table below: -
TABLE
+-------------------------------------------------------------+-----------------------------------------------------+
| Those who have passed Junior Associate of | (i) Rs. 1020 per month one year after |
| Indian Institute of Bankers or Certified | reaching maximum of the Scale. |
| Associate of Indian Institute of Bankers Part I | |
+-------------------------------------------------------------+-----------------------------------------------------+
| Those who have passed both parts of | (i) Rs. 1020 per month one year after reaching |
| Certified Associate of Indian Institute of | maximum of the Scale. |
| Bankers | |
| | (ii) Rs. 2550 per month two years after |
| | reaching maximum of the Scale: |
+-------------------------------------------------------------+-----------------------------------------------------+
Provided that an officer employee acquiring Junior Associate of Indian Institute of Bankers or
Certified Associate of Indian Institute of Bankers (either or both parts) qualifications after reaching the
maximum of the scale of pay, shall be granted from the date of acquiring such qualification the first
installment of professional qualification pay and the release of subsequent installments of professional
qualification pay shall be with reference to the date of release of first installment of professional
qualification pay.";
(iii) in sub-regulation (3), -
(a) in clause (f), after the Table, note (i) to (vi) shall be omitted;
(b) for clause (g), the following clause shall be substituted, namely:
"(g) on and from the 1st November, 2017, other things being equal, fixed personal pay together with
house rent allowance shall be at the following rates and shall remain frozen for the entire
period of service:
TABLE
+-----+----------------------------+-------------------------------------+-------------------------------------+
| Sl. | Increment | Dearness Allowance as on | Total Fixed Personal Pay |
| No. | component (Rs.) | the 1st November, 2017 on the | payable where bank's |
| | | increment components | accommodation is provided |
| | | (Rs.) | (Rs.) |
+=====+============================+=====================================+=====================================+
| 1 | (1) | (2) | (3) |
+-----+----------------------------+-------------------------------------+-------------------------------------+
| 2 | 1990 | 53 | 2043 |
+-----+----------------------------+-------------------------------------+-------------------------------------+
| 3 | 2220 | 59 | 2279 |
+-----+----------------------------+-------------------------------------+-------------------------------------+
| 4 | 2500 | 66 | 2566 |
+-----+----------------------------+-------------------------------------+-------------------------------------+
| 5 | 2730 | 73 | 2803 |
+-----+----------------------------+-------------------------------------+-------------------------------------+
| 6 | 2970 | 79 | 3049 |
+-----+----------------------------+-------------------------------------+-------------------------------------+
| 7 | 3220 | 86 | 3306 |
+-----+----------------------------+-------------------------------------+-------------------------------------+
Note:
(i) fixed personal allowance or fixed personal pay as indicated under column (3) of the Tables in
clauses (b), (c), (d), (e), (f) and (g) of this sub-regulation shall be payable to those officer
employees who are provided with bank's accommodation.
(ii) fixed personal allowance or fixed personal pay for officers eligible for House Rent Allowance
shall be the aggregate amount specified under columns (1) and (2) of the Table aforesaid and
House Rent Allowance drawn by the concerned officer employees when the last increment of the
relevant scale of pay as specified in sub-regulations (2), (3), (4), (5) (6) and (7) of regulation 4 is
earned;
(iii) Only officers who are in the service of the Bank on or before 1st November, 1993 will be eligible
for Fixed Personal Pay one year after reaching the maximum scale of pay, they are placed.
(iv) On and from 1st November, 1999, there shall be no change in the schedule of release of
professional qualification pay as in explanation (c) of sub-regulation (2) on account of release of
Fixed Personal Pay:
Provided that where any installment of professional qualification pay which on account of
the earlier provisions has been shifted by a year and is scheduled for release on or after 1st
November, 1999, it shall be released to the Officer on and from this date and second installment
of professional qualification pay, if any, shall be released on 1st November, 2000.
(v) The increment component of Fixed Personal Allowance or Fixed Personal Pay shall rank for
superannuation benefits.
(vi) An officer who has earned the advance increment as in clause (a) above shall draw the quantum
of Fixed Personal Allowance or Fixed Personal Pay as mentioned in clauses (b), (c), (d), (e) and
(f) above, one year after reaching the maximum of the scale.
(h) On and from 31st March 2020, other things being equal, the Fixed Personal Pay together with
House Rent Allowance for the post of Chief General Manager in Top Executive Grade Scale -
VIII shall be at the rates given in the Table below and shall remain frozen for the entire period
of service:
TABLE
+----------------------------+-------------------------------------+-------------------------------------+
| Increment | Dearness Allowance | Total Fixed Personal Pay |
| component (Rs.) | on the increment components | payable where bank's |
| | (Rs.) | accommodation is provided |
| | | (Rs.) |
+============================+=====================================+=====================================+
| (1) | (2) | (3) |
+----------------------------+-------------------------------------+-------------------------------------+
| 4400 | 117 | 4517" |
+----------------------------+-------------------------------------+-------------------------------------+
5. In regulation 20 of the said Regulations, in sub-regulation (1), in clause (c), the words "Chairman and" shall be
omitted.
6. In regulation 21 of the said regulations, -
(a) in sub-regulation (6), in the Explanation, in clause (b), for the brackets, word and letters “(f) and (g)”, the
brackets, word and letters "(f), (g) and (h)", shall be substituted.
(b) After sub-regulation (6), the following sub-regulation shall be inserted, namely: -
“(7) On and from the 1st November, 2017, dearness allowance shall be payable for every rise or fall of
four points over 6352 points in the quarterly average of the All India Average Working Class
Consumer Price Index (General) Base 1960=100 at 0.07% of Pay.".
7. In regulation 22 of the said regulations, for sub-regulations (1), the following sub-regulations shall be
substituted, namely: -
"(1) On and from the 1st November, 2017,—
(a) where an officer is provided with residential accommodation by the Bank, a sum equal to 0.50 per
cent of the basic pay in the first stage of the scale of pay in which he is placed or the standard rent
for the accommodation, whichever is less, shall be recovered from him;
(b) where an officer is not provided any residential accommodation by the Bank, he shall be eligible for
House Rent Allowance at the rates specified in the following table, namely:—
TABLE
+-----+-------------------------------------------------------+-----------------------+
| Sl. | Place of work | House Rent Allowance |
| No. | | |
+=====+=======================================================+=======================+
| 1. | (2) | (3) |
+-----+-------------------------------------------------------+-----------------------+
| 2. | Major "A" Class Cities and Project Area | 9.0% of Pay |
| | Centres in Group A | |
+-----+-------------------------------------------------------+-----------------------+
| 3. | Other places in Area I and Project Area | 8.0% of Pay |
| | Centres in Group B and State of Goa | |
+-----+-------------------------------------------------------+-----------------------+
| 4. | Other places | 7.0% of Pay: |
+-----+-------------------------------------------------------+-----------------------+
Provided that if an officer produces a rent receipt, the House Rent Allowance payable to him
shall be the actual rent paid by him for the residential accommodation in excess over 0.50 per cent of
pay in the first stage of the scale of pay in which he is placed with a maximum of 150 per cent of the
House Rent Allowance payable as per aforesaid rates mentioned in column (2) of the above Table.
Note: -The claims of officers for House Rent Allowance linked to the cost of their ownership
accommodation shall be also be restricted to 150 per cent of House Rent Allowance as hitherto.”.
8. In regulation 23 of the said regulations,
(A) For sub-regulations (1), (2), (3), (4) and (5), the following sub-regulations shall respectively be
substituted, namely:
"(1) On and from the 1st November, 2017, if an officer is serving in a place mentioned in Column (1)
of the Table below, a city compensatory allowance at the rate mentioned in Column (2) thereof
against that place shall be payable:-
TABLE
+--------+------------------------------------------+-----------------------+
| Sl. No. | Places | Rate |
+========+================================----------+=======================+
| (1) | (2) | (3) |
+--------+------------------------------------------+-----------------------+
| 1. | Places in Area 1 and above and in the | Rs. 1400/- per month |
| | State of the Goa | |
+--------+------------------------------------------+-----------------------+
| 2. | Places with population of five lakhs and | Rs. 1150/- per month |
| | over and state capitals and Chandigarh, | |
| | Puducherry and Port Blair | |
+--------+------------------------------------------+-----------------------+
(2) On and from the 1st November, 2017, the rates of special areas allowances shall be as specified in
the Schedule to these regulations.
(3) On and from the 1st November, 2017, if an officer is serving in an area specified as Project Area
falling in Group A or Group B, he shall be eligible for a Project Area Compensatory Allowance
at the rate of Rs.600/- per month or Rs.525/- per month according to the classification of area as
Group 'A' or Group 'B' respectively.
(4) On and from the 1st November, 2020, if an officer is transferred from one place to another in the
midst of an academic year and if he has one or more children studying in school or college, in the
former place, he shall be eligible for a mid-academic year transfer allowance of Rs 1650/- per
month from the date he reports to the latter place upto the end of the academic year in respect of
all the children, provided that such allowance shall cease if all the children cease studying at the
former place.
(5) On and from the 1st November, 2020, if an officer is deputed to serve outside the Bank, he may
opt to receive the emoluments attached to the post to which he is deputed, or he may in addition
to his pay, draw a deputation allowance at the rate of 7.75 per cent. of pay subject to a maximum
of Rs.6000/- per month and such other allowances he would have drawn had he been posted in
the Bank's service at that place:
Provided that where he is deputed to an organisation which is located at the same place
where he was posted immediately prior to his deputation, he shall receive a deputation allowance
equal to 4 per cent. of his pay subject to a maximum of Rs 3000/- per month:
Provided further that an officer on deputation to the training establishment of the Bank as
a faculty member shall be eligible for deputation allowance at the rate of 4 per cent. of his pay
subject to a maximum of Rs.3000 per month.”;
(B) for sub-regulation (8), the following sub-regulation shall be substituted, namely: -
"(8) On and from the 1st November, 2017, if the working hours during a day are split with
minimum interval of two hours, an officer shall be eligible for a Split Duty Allowance at the rate
of Rs.300 per month.”;
(C) for sub-regulation (10), the following sub-regulation shall be substituted, namely:-
"(10) On and from 1st November 2017, an officer shall be eligible for the hill and fuel allowance
as specified in the table below, namely:-
TABLE
+--------+-------------------------------------------------------+-----------------------------------------------+
| Sl. No. | Place | Rate |
+========+=======================================================+===============================================+
| (1) | (2) | (3) |
+--------+-------------------------------------------------------+-----------------------------------------------+
| 1. | Place with an altitude of 1000 metres | 2% of pay subject to a maximum |
| | and above but less than 1500 metres | of Rs.1125/- per month |
| | and Mercara Town | |
+--------+-------------------------------------------------------+-----------------------------------------------+
| 2. | Place with an altitude of 1500 metres | 2.5% of pay subject to a maximum |
| | and above but less than 3000 metres | of Rs.1500/- per month |
+--------+-------------------------------------------------------+-----------------------------------------------+
| 3. | Place with an altitude of 3000 metres | 5% of pay subject to a maximum |
| | and above | of Rs.3000/- per month"; |
+--------+-------------------------------------------------------+-----------------------------------------------+
(D). for sub-regulation (11), the following sub-regulations shall be substituted, namely:
"(11) On and from 1st November, 2017, an officer shall be eligible for learning allowance of Rs
600/- per month along with Dearness Allowance thereon.
(Ε). after sub-regulation (11), the following sub-regulation shall be inserted, namely:
"(12) On and from 1st November 2017 an officer shall be eligible for a fixed allowance of
Rs.700/- p.m. who are posted in areas other than the areas that are eligible for City
Compensatory Allowance. This fixed allowance shall not be reckoned for payment of Dearness
Allowance, superannuation benefits, viz, pension including New Pension Scheme, Provident
Fund and Gratuity".
"(13) From the financial year 2020-21, Performance Linked Incentive shall be payable to all
officers annually based on Operating Profit or Net Profit over and above the normal salary
payable. The Performance Linked Incentive (PLI) matrix mentioned below shall decide the
amount payable (in number of days of pay = Basic + Dearness Allowance) depending on the
annual performance of the Bank:
TABLE
+-----+-----------------------------+-------------------------------------------+
| Sl. | Year-over-Year growth in | Number of days for which |
| No. | operating profit | Salary |
| | | (Basic + Dearness Allowance) shall be paid |
+=====+=============================+===========================================+
| (1) | (2) | (3) |
+-----+-----------------------------+-------------------------------------------+
| 1. | < 5% | Nil |
+-----+-----------------------------+-------------------------------------------+
| 2. | 5% to 10% | 5 days |
+-----+-----------------------------+-------------------------------------------+
| 3. | > 10% to 15% | 10 days* |
+-----+-----------------------------+-------------------------------------------+
| 4. | > 15% | 15 days* |
+-----+-----------------------------+-------------------------------------------+
*3rd and 4th slabs are payable only if the Bank has Net Profit. If a Bank has growth in
Operating Profit of 5 per cent and more, but there is no Net Profit, then minimum 2nd
slab of 5 days shall be payable.”
9. In regulation 24 of the said regulations, for sub-regulation (1), the following sub-regulation shall be
substituted, namely: -
"(1) On and from the 1st November 2017, an officer shall be eligible for reimbursement of medical
expenses for self and family on the strength of the officer's own certificate of having incurred such
expenditure supported by a statement of accounts for the amounts claimed as specified in the table below,
namely: -
TABLE
+--------+-----------------------------------+-----------------------------+
| Sl. No. | Grade | Maximum limit of reimbursement |
+========+===================================+=============================+
| (1) | (2) | (3) |
+--------+-----------------------------------+-----------------------------+
| 1. | Junior Management and Middle | Rs.10300/- per annum or the |
| | Management Grade | amount incurred whichever is less |
+--------+-----------------------------------+-----------------------------+
| 2. | Senior Management and Top Executive | Rs.12300/- per annum or the |
| | Grade | amount incurred whichever is less |
+--------+-----------------------------------+-----------------------------+
Note. - (i) an officer may be allowed to accumulate unavailed medical aid so as not to exceed at any
time three times the maximum amount provided above; or
(ii) for the year 2017, the reimbursement of medical expenses under the medical aid scheme
shall be enhanced proportionately for two months, that is, November, 2017 and
December, 2017.”."
10. In regulation 25 of the said regulations, for sub-regulation (2), the following sub-regulation shall be
substituted, namely: -
“(2) Notwithstanding anything contained in sub-regulation (1), it shall be open to the Bank to provide
residential accommodation to an officer on payment by the officer, on and from the 1st November,
2017, a sum equal to 0.50 per cent. of the basic pay in the first stage of the scale of pay in which he is
placed or the standard rent for the accommodation, whichever is less:
Provided that where the officer is provided with furniture at such residence, a further sum equal
to 0.10 per cent. of basic pay in the first stage of the scale of pay in which he is placed shall be
recovered by the Bank from him;
Provided further that, where such residential accommodation is provided by the bank, the
charges for electricity, water, gas and conservancy shall be borne by the officer.".
11. In regulation 32 of the said regulations, in sub-regulation (2), after the proviso, the following Explanation
shall be inserted, namely:-
"Explanation. - For the purpose of this regulation, it is clarified that —
(a) casual leave not availed in the year 2017 or any subsequent years shall lapse in the following
five year;
(b) on and from 1st November 2020, the unavailed casual leave by the officer shall be permitted on
medical grounds and no medical certificate is required for the period of such un availed casual
leave at a stretch not exceeding four days.”.
12. In regulation 33 of the said regulations, -
(a) for sub-regulation (4), the following sub-regulation shall be substituted, namely: -
"(4) On and from 1st June, 2015, privilege leave may be accumulated upto not more than two hundred
and seventy days except where leave has been applied and it has been refused:
Provided that encashment of privilege leave shall be restricted upto a maximum of two hundred
forty days.
Provided further that from the calendar year, 2020, an officer shall also be eligible for
encashment of privilege leave at the rate of five days for each calendar year at the time of any festival of
his choice and an officer who have already completed fifty-five years of age as on 1st January, 2020 and
above shall be eligible to encash privilege leave at the rate of seven days for each calendar year till his
retirement as a one-time measure.”.
(b) for sub-regulation (5), the following sub-regulation shall be substituted, namely:
"(5) An officer desiring to avail of privilege leave shall ordinarily give not less than ten days notice of
his intention of avail of such leave except for the purpose of leave fare concession.
(c) after sub-regulation (5), the following sub-regulation shall be inserted, namely:
"(6) Privilege leave taken on sick grounds, when there is no credit in the sick leave account of the Officer,
shall not be counted as an occasion of availing privilege leave."
13. In regulation 34 of the said regulations, after sub-regulation (4), the following sub-regulations shall be
inserted, namely:
"(5) Women officers may avail sick leave for the sickness of their children of eight years and below
subject to production of medical certificate.”.
14. For regulation 35 of the said regulations, the following regulations shall be substituted, namely:
"35 (1) Additional sick leave:- On and from 1st January, 1989, where an officer has put in a service of
twenty-four years, he shall be eligible to additional sick leave at the rate of one month for each year
of service in excess of twenty-four years subject to a maximum of three months of additional sick
leave.
(2) On and from 1st November, 2017, where an officer has put in thirty years of service, he shall be
eligible for further additional sick leave at the rate of one month for each year of service in excess of
thirty years subject to a maximum of three months of additional sick leave:
Provided that the total number of sick leave shall not exceed seven hundred and twenty days in
the entire service of the officer.
Provided further that in case of additional sick leaves availed on or after 29th June 1999,
commutation of additional leave may be allowed in accordance with sub-regulation (2) of
regulation 34.”
15. For regulation 36 of the said regulations, the following regulation shall be substituted, namely:-
"36 Maternity leave. (1) In case of maternity leave,-
(a) a female employee shall be eligible for maternity leave on substantive pay for a period not
exceeding six months on any one occasion and twelve months during the entire period of her
service.
Provided that in case of delivery of twins, the period of maternity leave shall be eight months:
Provided further that maternity leave may be availed combining with any other kind of leave
except casual leave;
(b) in case of miscarriage, medical termination of pregnancy or abortion, female employee may avail
maternity leave upto six weeks on the basis of medical certificate or advice of a competent medical
practitioner, i.e., a qualified gynecologist. In special or exceptional cases involving medical
complications, associated with miscarriage or medical termination of pregnancy or abortion,
maternity leave may be availed beyond six weeks if advised by a competent medical practitioner
(qualified gynecologist) but upto six months only on any one occasion, within the overall limit of
twelve months during the entire period of service;
(c) within the overall period of twelve months, leave may also be availed in case of hysterectomy upto a
maximum of sixty days;
Note: In the case of employees who have availed and exhausted maternity leave of twelve months,
leave of fifteen days shall be sanctioned over and above the same, subject to production of medical
certificate;
(d) a childless female employee may avail leave may once during service for legally adopting a child
who is below one year of age, for a maximum period of nine months, subject to the following terms
and conditions, namely: -
(i) leave will be granted for adoption of only one child;
(ii) the adoption of a child should be through a proper legal process and the employee should
produce the adoption-deed to the Bank for sanctioning such leave;
(iii) the permanent part-time employees are also eligible for grant of leave for adoption of a
child;
(iv) the leave shall also be available to biological mother in cases where the child is born
through surrogacy;
(v) the leave shall be availed within overall entitlement of twelve months during the entire
period of service;
(e) within the overall period of twelve months, leave may also be availed in case of hospitalization on
account of the following gynecological ailments or treatments upto a maximum of thirty days,
namely:-
i. AUB (Abnormal uterine bleeding);
ii. Ovarian Tumor;
iii. Tubectomy/Tubectomy reversal;
iv. Post-Partum Depression (PPD);
V. Post-Partum Hemorrhage (PPH);
vi. Acute Pelvic Inflammatory Disease (Acute PID);
vii. Dysfunction Uterine Bleeding; Dysfunction (DUB).
2. In case of paternity leave, with effect from the 1st June 2015, male employees with upto two surviving
children shall be eligible for fifteen days paternity leave during his wife's confinement and this leave may be
combined with any other kind of leave except casual leave:
Provided that the leave may be availed upto fifteen days before or upto six months from the date of
delivery of the child:
Provided further that paternity leave as above shall be allowed to a male employee with upto two
surviving children for legally adopting a child who is below one year of age.".
16. For regulation 37 of the said regulations, the following regulation shall be substituted, namely: -
"37. Extraordinary leave- (1) An officer shall be eligible for extraordinary leave on loss of pay for not more than
twenty-four months during the entire period of service.
(2) An officer may avail extraordinary leave on any one occasion for a period not exceeding three months and
in extreme medical circumstances, he may avail extraordinary leave upto four months on any one
occasion.
Note - The employee will not be losing any seniority on account of availing extraordinary leave on medical
grounds.".
17. For regulation 37A of the said regulations, following regulations may be substituted, namely:-
"37A. Special casual leave and special leave.— (1) With effect from the 1st November, 2020, an officer
employee shall be eligible for special casual leave on occasions when the branch where the officer is working or
the place where he is residing is affected by curfew, riots, prohibitory orders, natural calamities, floods, etc.
(2) With effect from the 1st November, 2020, a physically or orthopedically handicapped officer shall be eligible
for four days special casual leave.
(3) An officer may also be granted special casual leave and any special leave as may be decided by the Board in
accordance with the guidelines issued by the Central Government from time to time.".
18. In regulations 41 of the said regulation, in sub-regulation (4), for clause (a), the following clause shall be
substituted, namely: -
"(a) Halting Allowance. On and from the 1st November 2020, an officer in the Grades or Scales set out
in column (1) of the Table shall be entitled to 'per diem' halting allowance at the corresponding rates set
out in column (2) thereof, namely: -
TABLE
+--------+-----------------------------------+----------+--------------------+----------------+----------------+
| Sl. No. | Grades/Scales of officers | Metro Rs. | Major 'A' | Area I | Other |
| | | | Class cities | Rs. | Places |
| | | | Rs. | | Rs. |
+========+===================================+==========+====================+================+================+
| 1. | (1) | (2) | (3) | (4) | (5) |
+--------+-----------------------------------+----------+--------------------+----------------+----------------+
| 2. | Officers in Scale VI and | 2700 | 1950 | 1650 | 1425 |
| | above | | | | |
+--------+-----------------------------------+----------+--------------------+----------------+----------------+
| 3. | Officers in Scale IV and | 2250 | 1950 | 1650 | 1425 |
| | V | | | | |
+--------+-----------------------------------+----------+--------------------+----------------+----------------+
| 4. | Officers in Scale I, II and | 1950 | 1650 | 1425 | 1200 |
| | III | | | | |
+--------+-----------------------------------+----------+--------------------+----------------+----------------+
Provided that where the total period of absence is less than eight hours but more than four hours,
halting allowance at half the above rates shall be payable.
Explanation.- For the purpose of computing halting allowance “per diem” shall mean each period of
twenty-four hours or any subsequent part thereof, reckoned from the reporting time for departure in
the case of air travel and the scheduled time of departure in other cases, to the actual time of arrival
and where the total period of absence is less than twenty-four hours, “per diem” shall mean a period of
not less than eight hours.".
19. In regulation 42 of the said regulations, for sub-regulation (3), the following sub-regulation shall be
substituted, namely: -
"(3) On and from the 1st November, 2020, an officer on transfer shall be eligible to draw a lump sum
amount for expenses connected with packing, local transportation, insuring the baggage, etc., as
specified in the Table below, namely: -
"TABLE
+-----+------------------------------------------+--------------+
| Sl. | Grade or Scale | Amount |
| No. | | |
+=====+==========================================+==============+
| 1. | (1) | (2) |
+-----+------------------------------------------+--------------+
| 2. | Top executive and senior | Rs.30,000/- |
| | management | |
| | (officers in Scale IV and above) | |
+-----+------------------------------------------+--------------+
| 3. | Middle management and junior | Rs. 25,000/-." |
| | management | |
| | (officers upto Scale III) | |
+-----+------------------------------------------+--------------+
20. In Regulation 45 of the said Regulations, after sub-regulation (4), the following provisos shall be inserted,
namely: -
"Provided that with regard to officers covered under Defined Contributory Pension Scheme (New
Pension Scheme), the Bank shall make a contribution of fourteen per cent of pay plus dearness allowance
with effect from the 11th November, 2020:
Provided further that the service charges of the Service Provider or Fund Manager of New Pension
Scheme shall be borne by the Bank from the Financial Year 2020-21.".
21. For the Schedule to the said regulations, the following Schedule shall be substituted, namely: -
"Schedule
[See sub-regulation (2) of regulation 23]
With effect from the 1st November, 2017, an officer shall be eligible for the special area allowance till such time they
are withdrawn or modified either wholly or partially, as specified in the Table below, namely: -
TABLE
Special Area Allowance
+-----+-----------------------------------------------+---------------------+---------------------+
| Sl. | AREA | Allowances (Rs.) | |
| No. | | | |
| | | Pay below | Pay above |
| | | Rs.36,001/- | Rs.36,001/- |
+=====+===============================================+=====================+=====================+
| (1) | (2) | (3) | (4) |
+-----+-----------------------------------------------+---------------------+---------------------+
| 1. | Mizoram | | |
| | (a) Chimptuipui district and areas beyond | 4000 | 5200 |
| | 25 kilometers from Lunglei Town in | | |
| | Lunglei District. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (b) entire Lunglei district excluding areas | 3200 | 4200 |
| | beyond 25 kilometers from Lunglei town. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (c) entire Aizawl District | 2400 | 3000 |
+-----+-----------------------------------------------+---------------------+---------------------+
| 2. | Nagaland | 3200 | 4200 |
+-----+-----------------------------------------------+---------------------+---------------------+
| 3. | Andaman and Nicobar Islands | | |
| | (a)North Andaman, Middle Andamans, Little | 4000 | 5200 |
| | Andaman, Nicobar &Narcondum Islands | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (b) South Andaman (including Port Blair) | 3200 | 4200 |
+-----+-----------------------------------------------+---------------------+---------------------+
| 4. | Sikkim | 4000 | 5200 |
+-----+-----------------------------------------------+---------------------+---------------------+
| 5. | Lakshadweep Islands | 4000 | 5200 |
+-----+-----------------------------------------------+---------------------+---------------------+
| 6. | Assam | 640 | 800 |
+-----+-----------------------------------------------+---------------------+---------------------+
| 7. | Meghalaya | 640 | 800 |
+-----+-----------------------------------------------+---------------------+---------------------+
| 8. | Tripura | | |
| | (a) Difficult areas of Tripura | 3200 | 4200 |
+-----+-----------------------------------------------+---------------------+---------------------+
| | b) Throughout Tripura except difficult areas. | 2400 | 3000 |
+-----+-----------------------------------------------+---------------------+---------------------+
| 9. | Manipur | 2400 | 3000 |
+-----+-----------------------------------------------+---------------------+---------------------+
| 10. | Arunachal Pradesh | | |
| | (a) Difficult areas of Arunachal Pradesh | 4000 | 5200 |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (b) Throughout Arunachal Pradesh other than | 3200 | 4200 |
| | difficult areas. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| 11. | Jammu & Kashmir | | |
| | (a) Kathua district: | | |
| | NiabatBani, Lohi, Malhar and Machhodi | 4000 | 5200 |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (b) Udhampur district: | | |
| | (iii) DuduBasantgarh, Lander BhamagIllaqa, | 4000 | 5200 |
| | other than those included in Part 2(b). | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (iv) Areas uptoGoel from Kamban Side and | 3200 | 4200 |
| | areas uptoArnas from Keasi side in Tehsil | | |
| | Mohre. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (c) Doda district: | | |
| | Illaquas of Padder and NiabatNowgam in | 4000 | 5200 |
| | Kishtwar tehsil | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (d) Leh district : | | |
| | all places in the District | 4000 | 5200 |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (e) Barmulla district: | | |
| | (iii) Entire Gurez-Nirabat, Tangdar | 4000 | 5200 |
| | Sub-Division and KeranIllaqua | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (iv) Matchill | 3200 | 4200 |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (f) Poonch and Rajouri district: | | |
| | areas in Poonch and Rajouri district | 2400 | 3000 |
| | excluding the towns of Poonch and Rajouri | | |
| | and Sunderbani and other urban areas in the | | |
| | two Districts | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (g) Areas not included in (1) to (6) above, | 2400 | 3000 |
| | but which are within the distance of 8 kms. | | |
| | from the line of Actual Control or at places | | |
| | which may be declared as qualifying for | | |
| | border allowance from time-to-time by the | | |
| | State Government for their own staff. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| 12. | Himachal Pradesh | | |
| | (1) Chamba district | | |
| | (a) Pangi tehsil, Bharmour tehsil, | 4000 | 5200 |
| | Panchayats:Badgaun, Bajol, DeolKugti, | | |
| | Nayagam and Tundah, Villages: Ghatu of | | |
| | Gram Panchayat Jagat, Kanarsi of Gram | | |
| | Panchayat Chauhata | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (b) Bharmour tehsil, excluding Panchayats | 3200 | 4200 |
| | and Villages included in (a) above. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (c) Jhandru Panchayat in BhatiyatTehsil, | 2400 | 3000 |
| | Churah tehsil, Dalhousie Town (including | | |
| | Banikhet proper). | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (2) Kinnaur district: | | |
| | (iii) Asrang, Chitkul and HangoKuno/ Charang | 4000 | 5200 |
| | Panchayats, 15/20 Area comprising the | | |
| | Gram Panchayats of ChhotaKhamba, Nathpa | | |
| | and Rupi, Pooh sub-division, excluding the | | |
| | panchayat areas specified above. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (iv) entire district other than areas | 3200 | 4200 |
| | included in (a) above. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (3) Kullu district: | | |
| | (iii) 15/20 Area of Nirmand Tehsil, | 4000 | 5200 |
| | comprising the Gram Panchayats of Kharga, | | |
| | Kushwar and Sarga | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (iv) [Outer-Saraj (excluding villages of | 2400 | 3000 |
| | Jakat-Khana and Burrow in Nirmand Tehsil) | | |
| | and entire district excluding outer Seraj | | |
| | area and pargana of Pandrabis but including | | |
| | villages Jagat-Khana and Burrow of tehsil | | |
| | Nirmand] | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (4) Lahaul and Spiti district: | | |
| | entire area of Lahaul and Spiti | 4000 | 5200 |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (5) Shimla district: | | |
| | (iv) 15/20 area of Rampur tehsil comprising | 4000 | 5200 |
| | of Panchayats of Koot, Labana-Sadana, | | |
| | Sarpara and Chadi-Branda. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (v) Dora-Kawar Tehsil, Gram Panchayat of | 3200 | 4200 |
| | Darkali in Rampur, Kashapath tehsil and | | |
| | Munish, GhoriChaibis of ParganaSarahan. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (vi) Chopal tehsil and Ghoris, Panjgaon, | 2400 | 3000 |
| | Patsnau, Naubis and Teen Koti of | | |
| | ParganaSarahan, Deothi Gram Panchayat of | | |
| | Taklesh Area, ParganaBarabis, Kasba Rampur | | |
| | and Ghori Nog of Pargana Rampur of | | |
| | Rampur tehsil, Simla Town and its suburbs | | |
| | (Dhalli, Jatog, Kasumpti, Mashobra, Taradevi | | |
| | and Tutu). | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (6) Kangra district: | | |
| | (iii) Areas of Bara Bhangal and | 3200 | 4200 |
| | ChhotaBhangal | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (iv) Dharamshala Town of Kangra district and | 2400 | 3000 |
| | the following offices located outside the | | |
| | municipal limits but included in Dharamshala | | |
| | Town-women's ITI, Dari, mechanical workshop, | | |
| | Ramnagar, child welfare and town and Country | | |
| | Planning Offices, Sakoh, CRSF Office at | | |
| | lower Sakoh, Kangra Milk Supply Scheme, | | |
| | Dugiar, HRTC Workshop, Sadher, Zonal Malaria | | |
| | office, Dari, Forest Corporation office, | | |
| | Shamnagar, Tea Factory, Dari, I.P.H. sub- | | |
| | division, Dan, settlement office, Shamnagar, | | |
| | Hinwa project, Shamnagar. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | Palampur Town of Kangra district including | 2400 | 3000 |
| | HPKVV campus at Palampur and the following | | |
| | offices located outside its municipal limits | | |
| | but included in Palampur Town H.P. | | |
| | KrishiVishwavidhalaya Campus, Cattle | | |
| | Development Office/Jersey Farm, Banuri, | | |
| | Sericulture Office/Indo-German Agriculture | | |
| | Workshop/HPPWD Division, Bundla, Electrical | | |
| | Sub-Division, Lohna, D.P.O. Corporation, | | |
| | Bundla, Electrical HESEE Division, Ghuggar. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (7) Mandi district: | | |
| | Chhuhar Valley of Jogindernagar tehsil, | 2400 | 3000 |
| | Panchayats in thunag tehsil-of Bagraa, | | |
| | Chatri, Chhotdhar, Garagushain, Gatoo, | | |
| | Garyas, Janjehli, Jaryar, Johar, Kalhani, | | |
| | Kalwan, Kholanal, Loth, Silibagi, Somachan, | | |
| | Thachdhar, Tachi, Thana, Panchayats of | | |
| | Dharampur Block- Binga, Kamlah, Saklana, | | |
| | Tanyar and Tarakholah, Panchayats of Karsog | | |
| | Tehsil Balidhar, Bagra, Gopalpur, Khajol, | | |
| | Mahog, Mehudi, Manj, Pekhi, Sainj, Sarahan | | |
| | and Teban, Panchayats of Sundernagar Tehsil | | |
| | Bohi, Batwara, Dhanyara, Paura-Kothi, Seri | | |
| | and Shoja. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (h) Sirmaur district: | | |
| | Panchayats of Bani, Bakhali (Pachhad tehsil), | 2400 | 3000 |
| | BharogBheneri (Paonta tehsil), Birla (Nahan | | |
| | tehsil), Dibber (Pachhad tehsil) and | | |
| | ThanaKasoga (Nahan tehsil) and Thansgiri | | |
| | Tract | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (9) Solan district : | | |
| | Mangal Panchayat. | 2400 | 3000 |
+-----+-----------------------------------------------+---------------------+---------------------+
| | (10) Remaining areas of Himachal Pradesh | 640 | 800 |
| | not included in (1) to (9) above. | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| 13. | Uttar Pradesh: | | |
| | Areas under Chamoli, Pithoragarh and | 4000 | 5200 |
| | Uttarkashi districts | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| 14. | Uttarakhand: | | |
| | Areas under Chamoli, Pithoragarh, | 4000 | 5200 |
| | Uttarkashi, Rudraprayag and Champavat | | |
| | districts | | |
+-----+-----------------------------------------------+---------------------+---------------------+
| 15. | West Bengal | | |
| | South 24 Pargana District | | |
| | Sunderban Areas (south of Dampier Hodge's | 1000 | 1000." |
| | line), namely, Bhanatush Khali (Rampura), | | |
| | Kumirmari (Bagna), Jhingakhali, Sajnakhali, | | |
| | Gosaba, Amlamathi (Bidya), Canning, Kultali, | | |
| | Piyali, Nalgaraha, Raidighi, Bhanchi, | | |
| | PatharPratima, Bhagabatpur, Saptamukhi, | | |
| | Namkhana, Sikarpur, Kakdwip, Sagar, Mousini, | | |
| | Kalinagar, Haroa, Hingalganj, Basanti, | | |
| | kuemari, Kultola, Ghushioghata (Kulti) | | |
+-----+-----------------------------------------------+---------------------+---------------------+
Note: The amendments to principal regulations were published in the Gazette of India as per details given below:—
+-----------+---------------------+---------------------+-------------------------------------+
| Serial No. | Number | Date of Notification | Date when published in the |
| | | | Official Gazette |
+===========+=====================+=====================+=====================================+
| (1) | (2) | (3) | (4) |
+-----------+---------------------+---------------------+-------------------------------------+
| 1. | WIE-II-MISC-6 | 6.11.1987 | 12.12.1987 |
+-----------+---------------------+---------------------+-------------------------------------+
| 2. | Nil | 16.3.1989 | 15.4.1989 |
+-----------+---------------------+---------------------+-------------------------------------+
| 3. | F-17/2/84-IR | 31.07.90 | 01.09.90 |
+-----------+---------------------+---------------------+-------------------------------------+
| 4. | WIE-II-MISC-91 | 29.04.91 | 25.05.91 |
+-----------+---------------------+---------------------+-------------------------------------+
| 5. | F-17/2/84-IR | 25.02.92 | 21.03.92 |
+-----------+---------------------+---------------------+-------------------------------------+
| 6. | WIE-II-MISC-91 | 20.11.92 | 12.12.92 |
+-----------+---------------------+---------------------+-------------------------------------+
| 7. | NIL | 06.12.94 | 07.01.95 |
+-----------+---------------------+---------------------+-------------------------------------+
| 8. | WIE-II-MISC-91 | 09.08.96 | 07.09.96 |
+-----------+---------------------+---------------------+-------------------------------------+
| 9. | Nil | 05.11.96 | 01.02.97 |
+-----------+---------------------+---------------------+-------------------------------------+
| 10. | WIE-II-MISC-91 | 11.03.99 | 10.04.99 |
+-----------+---------------------+---------------------+-------------------------------------+
| 11. | PL:MR:POL:91 | 27.05.99 | 10.07.99 |
+-----------+---------------------+---------------------+-------------------------------------+
| 12. | PL:MR:POL:91 | 14.07.2000 | 19.08.2000 |
+-----------+---------------------+---------------------+-------------------------------------+
| 13. | WIE:II:MISC:91 | 27.08.2001 | 29.09.2001 |
+-----------+---------------------+---------------------+-------------------------------------+
| 14. | PL:MR:POL:91 | 02.11.2002 | 28.12.2002 |
+-----------+---------------------+---------------------+-------------------------------------+
| 15. | HRDD/MR/POL/91 | 09.03.2006 | 07.04.2006 |
+-----------+---------------------+---------------------+-------------------------------------+
| 16. | HRDD/MR/POL/91 | 04.09.2006 | 08.09.2006 |
+-----------+---------------------+---------------------+-------------------------------------+
| 17. | HRDD/OSR/POL/11(2) | 18.12.2017 | 13.01.2018 |
+-----------+---------------------+---------------------+-------------------------------------+
| 18 | HRDD/POL/OSR(E) | 27.03.2020 | 27.03.2020 |
+-----------+---------------------+---------------------+-------------------------------------+
SURESH KUMAR RANA, Chief General Manager
[ADVT.-III/4/Exty./725/2024-25]
EXPLANATORY MEMORANDUM
The Regulations which have been given retrospective effect are as per the agreed terms and conditions of the
Joint Notes signed between the Indian Banks' Association on behalf of member banks on the basis of specific mandate
given by the respective banks in this regard and apex level officers' associations of the Banks. Therefore, interests of
no person shall be adversely affected by such retrospective effect.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
SARVESH KUMAR Digitally signed by RVESH KUMAR
SRIVASTAVA
Date: 202411.3
530
Login to read full text