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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
Issued by UCO Bank
New Delhi

Read or download the official PDF of this gazette notification issued by the UCO Bank 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 सी.जी.-डब्लू.बी.-अ.-27112024-258954 xxxGIDHxxx CG-WB-E-27112024-258954 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 937] नई ददल्ली, मगं लवार, नवम्ब र 26, 2024/अग्रहायण 5, 1946 No. 937] NEW DELHI, TUESDAY, NOVEMBER 26, 2024/AGRAHAYANA 5, 1946 यूको बैंक अजधसचू ना कोलकाता,...

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  • ✓ This gazette notification details amendments to the UCO Bank (Officers’) Service Regulations, 1979. These amendments primarily relate to changes in pay scales, allowances, leave policies, and other benefits for UCO Bank officers.
  • ✓ The changes are effective from various dates, mostly from November 1, 2017, with some changes effective from later dates like November 1, 2020. The notification also includes a revised schedule for special area allowances.
  • ✓ Definition of 'Family' for medical and leave fare concession purposes is revised to include wholly dependent parents, siblings with 40% or more disability, widowed/divorced daughters, and dependent sisters. The income limit for a family member to be considered wholly dependent is set at ₹12,000 per month. Married female officers can include either her parents or parents-in-law, but not both, provided they are wholly dependent on her. For medical reimbursement, any two dependent parents or parents-in-law can be covered.
  • ✓ Revised pay scales for all officer grades are introduced, effective from November 1, 2017. These scales include annual increments and stagnation increments.
  • ✓ Special allowances are revised, with different rates for different pay scales, effective from November 1, 2012 and November 1, 2017. These allowances are not considered for superannuation benefits.

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