Madras High Court ruled that dismissed employee is entitled to Earned Leave Encashment benefit.

Madras High Court ruled that dismissed employee is entitled to Earned Leave Encashment benefit.

In the case of T. Veeravinothan Vs. Thanjavur District Central Cooperative Bank Ltd.& Others - W/P/(MD) No. of 1484 of 2016 (Madras High Court)

For judgement Click http://aipnbsf.org/files/Madras%20H%20C%20Judgement-%20Encashment%20of%20P%20L%20after%20Dismissal.pdf

Bank has extended the facility of 'Memento on Retirement' to employees opting for VRS under Regulation 29 of Pension Regulations

Bank has decided to extend the facility of memento of Rs.5000/- and contribution of the expenses towards organising function/farewell party for bestowing the Memento @ Rs.40/- per employee, to the employees opting for voluntary retirement from the Bank’s service under Regulation 29 of PNB (Employees’) Pension Regulations, 1995.

Limit of Festival Advance Revised to Rs.25K,30K,35K,50K,60K,85K & 1L for substaff, Clerks, Officers Scale I,II,III,IV&V,VI&VII

The Board of the Bank in its meeting held on 30.12.2016 has approved the revision in maximum limit of Interest Free Festival Advance to its employees to Rs.25000, Rs.30000, Rs.35000, Rs.50000, Rs.60000, Rs.85000 & Rs.100000 for substaff, Clerks, Officers in Scale I, II, III, IV & V and VI & VII respectively.

Booking of Holiday Home at New Delhi has temporarily been stopped w.e.f. 27.11.2016 due to renovation work for 2 months

The booking of Holiday Home at New Delhi has temporarily been stopped w.e.f. 27.11.2016 due to renovation work, which is estimated to be completed within two months. Hence, booking of holiday home shall not be available for existing/retired staff members from 27.11.2016 onwards, till further instructions.

(Ref.: HRMD Circular No. 327/2016 dated 03.09.2016)