In exercise of the powers conferred by Section 30 read with sub section 1 of Section 17 of the Regional Rural Banks Act

EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 729] NEW DELHI, THURSDAY , SEPTEMBER 1 9, 2024/ BHADRA 28, 1946 CG-UP-E-23092024-257406 BARODA U.P. BANK NOTIFICATION Gorakhpur , the 5th September , 2024 No. BUPB/1019 -In exercise of the powers conferred by Section 30 read with sub -section (1) of Section 17 of the Regional Rural Banks Act, 1976 ( 21 of 1976 ), the Board of Directors of Baroda U.P. Bank after consultation with Bank of Baroda, being the Sponsor Bank and the national Bank for Agriculture and Rural Development and with the previous sanction of the Central Government, hereby makes the following regulations to further amend the Baroda UP Bank (Officers & Employees) Service Regulations, 20 20, namely: - 1. (1) These Regulations may be called Baroda U.P. Bank (Officers & Employees) Se rvice (Amendment) Regulations, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Baroda UP Bank (Officers and Employees) Service Regulations, 20 20 (hereinafter referred to as said regulations), in the regulat ions 61 for sub -regulation (4), the following sub -regulation shall be substituted, namely: - “(4) Privilege Leave may be accumulated upto not more than 270 days, except where leave has been applied for and it has been refused: Provided that encashment of P rivilege Leave shall be restricted up to a maximum of 240 days”. 3. In the said regulations, in regulation 67, - (a) In second proviso, after the words “ retires from service of the Bank” , the words “under the provisions of regulation 11” shall be inserted; (b) For th ird Proviso, the following proviso shall be substituted, namely: - “Provided also that in respect of the employee where his services are terminated owing to retrenchment, he shall be eligible to be paid a sum equivalent to the emoluments for the period of p rivilege leave he had accumulated subject to sub regulation (4) of regulation 61”. (c) After third proviso, the following provisos shall be inserted, namely , - “Provided also that where an officer or employee voluntarily retires from service on or after the 1st of April 2018, after giving due notice under sub -regulations (1) and (2) of regulation27 of the Baroda UP Bank (Employees ’) Pension Regulations, 2018, he shall be eligible to be paid a sum equivalent to the emoluments for the period of privilege leave he had accumulated, subject to sub -regulation (4) of regulation 61. Provided also that where an officer or employee has been compulsorily retired including as a measure of punishment, he shall be eligible to be paid a sum equivalent to the emoluments of any period, subject to sub -regulation (4) of regulation 61. Provided also that where an officer or employee leaves or discontinues from service or resigns under the provisions of sub -regulation (1) of regulation10, he shall be eligible to be paid a sum equiva lent to the emoluments in respect of privilege leave to the extent of half of such leave to his credit on the date of cessation of service, subject to a maximum of 120 days.” DEVINDER PAL GROVER , Chairman [ADVT. -III/4/Exty./477/2024 -25] Note: The Bar oda UP Bank (Officers and Employees) Service Regulations, 2020 were published in the Gazette of India Part III, Section 4, dated 03.04.2024 vide notification number BUPB/HRM/2023 - 24/2217 dated 28.03.2024. Uploaded by Dte. of Printing at Go vernment of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.