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BANKING & NBFCS EXTRA ORDINARY

In exercise of the powers conferred by section 19, read with sub section 2 of section 12 of the Banking Companies

Date: 27th November 2024
Category: Extra Ordinary
New Delhi

Read or download the official PDF of this gazette notification issued by the Union Bank of India on 27th November 2024. Classified under Extra Ordinary.

Official Gazette Notification Text

Official Transcript

रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 ससीी..जजीी..--एएमम..एएचच..--अअ..--2277111122002244--225588995500 xxxGIDHxxx CCGG--MMHH--EE--2277111122002244--225588995500 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 938] िई ददल्ली, ब धवार, िवम्ब र 27, 2024/ अग्रहायण 6, 1946 No. 938] NEW DELHI, WEDNESDAY, NOVEMBER 27,...

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  • ✓ This gazette notification details amendments to the Union Bank of India (Officers’) Service Regulations, 1979. These amendments cover various aspects of officer service conditions, including pay scales, allowances, leave policies, and medical benefits. The changes are primarily effective from November 1, 2017, with some changes effective from later dates like March 31, 2020, November 1, 2020, etc.
  • ✓ The notification is issued by the Board of Directors of Union Bank of India, in consultation with the Reserve Bank of India and with the previous sanction of the Central Government.
  • ✓ The amendments are a result of agreements between the Indian Banks' Association and apex level officers' associations.
  • ✓ Definition of 'family' is revised to include dependent parents, parents-in-law, unmarried children, widowed daughters, and dependent divorced/separated daughters, with a monthly income limit of ₹12,000 for dependents. Married female officers can include either natural parents or parents-in-law, not both, if fully dependent.
  • ✓ New pay scales are introduced for various officer grades effective November 1, 2017, and for Top Executive Grade Scale VIII effective March 31, 2020.

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