PRIVILEGE LEAVE
Calculated at one day for every 11
days of active service and part thereof in a calendar year (Active service means excluding all
types of leave, except CL)
i. Workman would be entitled to encash
the accumulated leave to his/her credit at the time of retirement; such amount
is fully exempt from Income Tax.
ii. If
a workman dies in service, his/her heirs will be paid salary for the leave
accrued to him/her at the time of the death.
iii. An
employee other than a member of the executive committee of a registered trade
union of Bank Employees will not be entitled to take privilege leave on more
than 3 occasions in a calendar year, but there will be no limitation as to the
minimum number of days for which leave may be taken on these occasions. In determining the number of such
occasions, the following occasions shall not be included.
a. When
an employee has proceeded on privilege leave and is recalled to duty by the
Bank
b. When
an employee had been granted privilege leave on grounds of sickness
iv. In
special circumstances an application may be made for the grant of such leave on
more than 3 occasions in a calendar year and it will then be in the absolute
discretion of the Bank concerned whether to grant such leave or not.
v. An
employee can accumulate privilege leave up to a maximum of 240 days