National General Council of NCBE will be held at Nasik on 3&4 Oct. 15 which will be preceded by Central Committee Meeting on 2nd

It has been decided to conduct the National General Council of NCBE on 3rd & 4th October 2015 at Nasik which will be preceded by Central Committee Meeting of the organisation on 2nd October 2015.

Policy & Procedure dated 18.8.2011 for Promotion from Subordinate Cadre to Clerical Cadre & Related Matters-Debar Clause Amended

The Policy and Procedure regarding promotion from Subordinate cadre to Clerical cadre & related matters is governed by a Settlement signed during the course of conciliation proceedings between the Bank and AIPNBEF on 18.08.2011 as amended upto date.

It is mutually agreed between the Bank and the AIPNBEF to amend the provisions as provided under Para 2(b) & (c), Para 8 & Para 9 of the Settlement dated 18.08.2011. In this regard, a MOU has been signed between the Bank and AIPNBEF on 25.06.2015.

It is agreed between the parties that the present Memorandum of Understanding comes into effect immediately. Existing debars, if any, will be reviewed in terms of this MOU, however, those debars which become infructuous in terms of this MOU will be deemed to be automatically lifted with immediate effect.

Financial Benefit on a/c of reduction of eligibility for 6th Stagnation Increment to Clerks shall accrue on or after 1st May 15

In Xth Bi-Partite Settlement, it has been agreed that for clerical staff the period of 6th stagnation increment shall be reduced from 3 years to 2 years. The Financial Benefit on account of reduction of eligibility for 6th Stagnation Increment to clerical staff shall accrue on or after 1st May 2015 since in the Settlement the additional cost of such reduction in periodicity from 3 years to 2 yeras has been adjusted at 50% of the actual cost (30 months out of 60 months of the period of the Settlement).

Remit levy to the Federation out of arrears of 10th BPS @ 2% of net arrears before deduction of Income Tax

In the Central Committee Meeting of the Federation held on 3rd May 2015 at Aligarh, it was decided to collect the levy from the arrears of 10th BPS @ 2% of net arrears (after deduction of PF/Contribution to NPS and before deduction of Income Tax from the gross arrears) subject to a minimum Rs.2,000/- & maximum of Rs.3,000/- from special assistants, minimum of Rs.1,000/- & maximum of Rs.2,000/- from clerks and minimum of Rs.500/- & maximum of Rs.1,000/- from the members of sub-staff. It was also decided that the affiliated unions are authorized to collect the levy from their members over and above the amount fixed by the Federation.

All the members/units/affiliated unions are advised to remit the amount of levy so collected to the Federation by way of demand draft drawn in favour of All India PNB Staff Federation payable at Delhi and send the same to the Central office of the Federation along with the list of the subscribers positively up to 15th July 2015.  

The IBA has decided to permit the encashment of Privilege Leave for compulsory retired employees/officers w.e.f. 30th April 2015

The IBA has decided to permit the encashment of Privilege Leave for compulsory retired employees/officers. The date of effect of the decision will be April 30, 2015. In view of the same, officers and workmen whose services are terminated on account of penalty/punishment of “Compulsory Retirement” may be permitted encashment of Privilege Leave as permissible in terms of Officers’ Service Regulations/Bipartite Settlement. This will be applicable to those officers/workmen who are compulsorily retired as above on or after April 30, 2015. 

Policy and Procedure dated 13.10.1988 for Posting of Clerks as Special Assistants & Related Matters- Debar Clause Amended

The Policy and Procedure concerning posting of Clerks as Special Assistants & Related Matters is governed by a Settlement signed between the Bank and AIPNBEF as amended upto date.

It is mutually agreed between the Bank and the AIPNBEF to amend the provisions as provided under Para 2f & 2g and Para 7 of the Settlement dated 13.10.2008. In this regard, a MOU has been signed between the Bank and AIPNBEF on 12.06.2015.

It is agreed between the parties that the present Memorandum of Understanding comes into effect immediately and will be applicable to ongoing promotion process as well as ensuing posting of Special Assistants also. Existing debars, if any, will be reviewed in terms of this MOU, however, those debars which become infructuous in terms of this MOU will be deemed to be automatically lifted with immediate effect. 

For detailed Circular Click https://pnbnet.in/itc/2015/pad/circulars/2015/pad2015272.pdf

Policy & Procedure dtd 29.10.88 for Promotion of Clerks/Spl. Asstts. as Officer & Recruitment of Officers- Debar Clause Amended

The Policy and Procedure concerning promotion of Clerks and Special Assistants as Officers and direct recruitment of Officers & related matters is governed by a Settlement signed between the Bank and AIPNBEF on 29.10.1998 as amended upto date.

It is mutually agreed between the Bank and the AIPNBEF to amend the provisions as provided under Para 3a & b and Para 8 of the Settlement dated 29.10.1998.

In this regard, a MOU has been signed between the Bank and AIPNBEF on 12.06.2015.

Further, it is agreed between the parties that the present Memorandum of Understanding comes into effect immediately and will be applicable to ongoing promotion process also. Existing debars, if any, will be reviewed in terms of this MOU, however, those debars which become infructuous in terms of this MOU will be deemed to be automatically lifted with immediate effect.

For detailed Circular Click https://pnbnet.in/itc/2015/pad/circulars/2015/pad2015273.pdf

Board approved Education Loan at Bank Rate to staff members & to their children (where staff is co-borrower or guarantor)

Board approved Education Loan to staff members and to their children (where staff is a co-borrower) at Bank Rate of Interest. This facility can also be extended in the Education Loans granted to the children of staff members (who are major and staff member is not a co-borrower) by obtaining the guarantee of the staff member and making him a guarantor in the account.                                                                                                                                                              

For detailed Circular Click https://pnbnet.in/itc/2015/RAD/circulars/2015/rad2015039.pdf

Board approved Housing Loan for 2nd house to staff at concessional rate & extended repayment period upto 300 Months/70 Years age

Board approved Housing Loan for 2nd house to staff members within overall entitlement at concessional rate of interest and extended the repayment period upto 300 months or 70 years of age whichever is earlier. The facility of second time loan can be availed without adjusting the first Housing Loan Account. 

For detailed Circular Click https://pnbnet.in/itc/2015/irmdla/circulars/2015/la2015042.pdf

Govt has given in principle approval for full holiday on 2nd & 4th Saturdays, after formal notification it will be implemented

Government has given in principle approval for full holiday on 2nd & 4th Saturdays. After formal notification it will be implemented.