Home India Madhya Pradesh Gramin Bank In exercise of the powers conferred by section 30 read with ...
Date: 14-Oct-2024 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 30 read with sub section 1 of section 17 of the Regional Rural Banks Ac

Issued by Madhya Pradesh Gramin Bank · Not Applicable

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

Description of the Gazette Notification

  • This gazette notification announces amendments to the Madhya Pradesh Gramin Bank (Officers and Employees) Service Regulations, 2010. The amendments primarily focus on revising the rules regarding the accumulation and encashment of privilege leave for bank officers and employees.

Key Changes

  • Amendment to Regulation 61 (Privilege Leave): The maximum accumulation of privilege leave is capped at 270 days, down from an unspecified prior limit. Encashment is limited to a maximum of 240 days.
  • Amendment to Regulation 67 (Conditions for Privilege Leave Encashment): New provisions added to clarify encashment of privilege leave in specific circumstances:
  • - Clarification added regarding the application of Regulation 11 when an employee retires.
  • - A new proviso specifies that employees whose services are terminated due to retrenchment are eligible for privilege leave encashment (subject to Regulation 61(4)).
  • - New provisos added to address privilege leave encashment for employees who voluntarily retire (on or after April 1, 2018), are compulsorily retired (including as punishment), or leave service under Regulation 10(1). These provisions specify the eligibility for encashment in these scenarios, with specific limits (e.g., half of accumulated leave up to a maximum of 120 days in the case of resignation under Regulation 10(1)).

Impact Analysis

Impact on Employees

  • Some employees may see a reduction in the amount of leave they can encash compared to previous, less clearly defined rules.

Impact on Madhya Pradesh Gramin Bank

  • Need for HR department to update internal systems and training materials to reflect the changes.

Impact on Sponsor Bank (Bank of India) and NABARD

  • Potential need to adjust their own internal guidelines to align with the changes in the Gramin Bank's service regulations.

Suggested Action Items

  • The bank should conduct a financial impact assessment to estimate the potential cost of the changes.

Key Entities Referenced

Madhya Pradesh Gramin Bank: The bank whose service regulations are being amended. Regional Rural Banks Act, 1976: The legislation under which the amendments are made. Bank of India: The sponsor bank for Madhya Pradesh Gramin Bank. National Bank for Agriculture and Rural Development (NABARD): Another entity consulted during the amendment process. Madhya Pradesh Gramin Bank (Officers and Employees) Service Regulations, 2010: The regulations being amended. Madhya Pradesh Gramin Bank (Officers and Employees) Service (Amendment) Regulations, 2024: The amending regulations. Gazette of India: The official publication where the notification is published. Narmada Jhabua Gramin Bank and Central Madhya Pradesh Gramin Bank: Erstwhile banks whose regulations were previously published in the Gazette of India and formed the basis for the current regulations.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-एम.पी.-अ.-18102024-257997 xxxGIDHxxx CG-MP-E-18102024-257997 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 802] नई दिल्ली, सोमवार, अक्त बू र 14, 2024/आज‍व न 22, 1946 No. 802] NEW DELHI, MONDAY, OCTOBER 14, 2024/ASVINA 22, 1946 bankSj] 10 vDrcw j] 2024 .—{ks=h; xzkeh.k cSad vf/kfu;e] 1976 ¼1976 dk 21½ dh /kkjk 17 dh mi&/kkjk ¼1½ ds lkFk ifBr /kkjk 30 }kjk çnRr 'kfDr;ks a dk ç;ksx djrs gq, dk funs'kd eMa y] izk;kstd cSad gksus ds ukrs vkSj jk’Vªh; d`f’k vkSj xzkeh.k fodkl cSad ds lkFk ijke'kZ fd, tku s ds ckn rFkk dsUnz ljdkj dh iwoZ eta wjh ds lkFk ,rn}kjk e/;izns'k xzkeh.k cSd ¼vf/kdkjh ,oa deZpkjh½ lsok fofu;e] 2010 es vkSj vf/kd la'kks/ku dju s ds fy, fuEufyf[kr fofu;e cukrk gS ;Fkk %& 1- ¼1½ bu fofu;eks a dks e/; izns'k xzkeh.k cSad ¼vf/kdkjh vkSj deZpkjh½ lsok ¼la'kks/ku½ fofu;e] 2024 dgk tk,xk- ¼2½ ;s la'kks/ku] buds ljdkjh jkti= es a çdkf'kr gksus dh frfFk ls ykxw gks tk,axs- 2- e/; izns'k xzkeh.k cSad ¼vf/kdkjh vkSj deZpkjh½ lsok fofu;e] 2010 ¼ftUgs a blds ckn mä fofu;e dgk tk,xk½ eas] fofu;e 61 ds mi&fofu;e ¼4½ ds fy,] fuEufyf[kr mi&fofu;e çfrLFkkfir fd;k tk,xk] ;Fkk%& Þ¼4½ fo'ks"kkf/kdkj vodk'k 270 fnuks a ls vf/kd rd dk ugha tek fd;k tk ldrk gS] flok; blds fd tgka Nqêh ds fy, vkosnu fd;k x;k gks vkSj mls vLohdkj dj fn;k x;k gks% c'krZs fd fo'ks"kkf/kdkj vodk'k dk udnhdj.k vf/kdre 240 fnu ds fy, gh fd;k tk ldsxk-ß 3- mä fofu;eksa ds fofu;e 67 ds]& d½ nlw js çko/kku eas] ÞcSad dh lsok ls lsokfuo`Ùkß 'kCnks a ds ckn] Þfofu;e 11 ds çko/kkuks a ds varxZrß 'kCn lfEefyr fd, tk,axs] [k½ rhljs çko/kku ds LFkku ij fuEufyf[kr çko/kku 'kkfey fd;k tk,xk] ;Fkk%& Þ;g Hkh çko/kku fd;k tkrk gS fd ml deZpkjh ds laca/k eas ftldh lsok,a NaVuh ds dkj.k lekIr dj nh tkrh gSa] og fo'ks"kkf/kdkj vodk'k dh vof/k ds fy, ifjyfC/k;ks a ds cjkcj dh jkf'k dk Hkqxrku çkIr djus ds fy, ik= gksxk] tks mlus 6657 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] fofu;e 61 ds mi&fofu;e ¼4½ ds v/khu tek dj j[kk Fkk-ß x½ rhljs çko/kku ds ckn] fuEufyf[kr çko/kku lfEefyr fd, tk,axs] ;Fkk]& Þ;g Hkh çko/kku fd;k tkrk gS fd tgka dksbZ vf/kdkjh vFkok deZpkjh] e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku fofu;e] 2018 ds fofu;e 27 ds mi&fofu;e ¼1½ vkSj ¼2½ ds rgr fof/kor~ uksfVl nsus ds ckn viuh LosPNk ls fnukad 01 vçSy 2018 dks ;k mlds ckn lsok ls lsokfuo`Ùk gksrk gS] rks og viu s }kjk fofu;e 61 ds mi&fofu;e ¼4½ ds v/khu lafpr fo'ks"kkf/kdkj vodk'k dh vof/k ds fy, ifjyfC/k;ks a ds cjkcj dh jkf'k dk Hkqxrku çkIr dju s ds fy, ik= gksxk- ;g Hkh çko/kku fd;k tkrk gS fd tgka fdlh vf/kdkjh ;k deZpkjh dks] vfuok;Z :i ls lsokfuo`Ùk dj fn;k x;k gks] ftles a nMa Hkh 'kkfey gS] og fofu;e 61 ds mi&fou;e ¼4½ ds v/khu] fdlh Hkh vof/k dh ifjyfC/k;ks a ds cjkcj dh jkf'k dk Hkqxrku çkIr dju s ds fy, ik= gksxk- ;g Hkh çko/kku fd;k tkrk gS fd tgka dksbZ vf/kdkjh ;k depZ kjh lsok NksM+ nrs k gS ;k dke ij vkuk can dj nrs k gS ;k fofu;e 10 ds mi&fofu;e ¼1½ ds çko/kkuks a ds rgr inR;kx dj nrs k gS] rks og lsok dh lekfIr dh frfFk dks mlds [kkrs eas tek fo'ks"kkf/kdkj Nqêh dh vk/kh vof/k dh ifjyfC/k;ks a ds cjkcj dh jkf'k dk Hkqxrku çkIr djus ds fy, ik= gksxk] ;g vof/k vf/kdre 120 fnu rd dh gh gks ldrh gS-ß vkj-lh- csgsjk] v/;{k [जवज्ञापन-III/4/असा./571/2024-25] iwoZorhZ ueZnk >kcqvk xzkeh.k cSad ¼vf/kdkjh vkSj deZpkjh½ lsok fofu;e] 2010 dks Hkkjr ds jkti=] Hkkx&III] [kaM 4 eas fnukad 06 vizsy 2013 dh vf/klwpuk la- 101 ds ek/;e ls çdkf'kr fd;k x;k Fkk vkSj iwoZorhZ lsVa ªy e/; izns'k xzkeh.k cSad ¼vf/kdkjh vkSj depZ kjh½ lsok fofu;e] 2010 dks Hkkjr ds jkti=] Hkkx&3] [kaM 4 es sa fnukad 03 vxLr 2013 dh vf/klwpuk la- 31 ds ek/;e ls çdkf'kr fd;k x;k Fkk- MADHYA PRADESH GRAMIN BANK NOTIFICATION Indore, the 10th October, 2024 F. No. MPGB/HO/HRD/2041/Service(Amendment)/2024.—In exercise of the powers conferred by section 30 read with sub-section (1) of section 17 of the Regional Rural Banks Act, 1976 (21 of 1976) the Board of Directors of Madhya Pradesh Gramin Bank after consultation with Bank Of India being the Sponsor Bank and the National Bank for Agriculture and Rural Development and with the previous sanction of the Central Government hereby makes the following regulations to further amend the Madhya Pradesh Gramin Bank (Officers and Employees) Service Regulation, 2010 namely: - (1) These regulations may be called Madhya Pradesh Gramin Bank (Officers and Employees) Service (Amendment) Regulations, 2024. (2)They shall come into force on the date of their publication in the Official Gazette. (2) In the Madhya Pradesh Gramin Bank (Officers and Employees) Service Regulations, 2010 (hereinafter referred to as said regulations), in the regulations 61 for sub-regulation (4), the following sub-regulation shall be substituted, namely:- “(4) Privilege Leave may be accumulated up to not more than 270 days, except where leave has been applied for and it has been refused: Provided that encashment of Privilege Leave shall be restricted up to a maximum of 240 days.” (3) In the said regulations, in regulation 67,- (a) In second proviso, after the words "retires from the service of the Bank", the words "under the provisions of regulation 11" shall be inserted; (b) For third Proviso, the following proviso shall be substituted, namely:- "Provided also that in respect of the employee where his services are terminated owing to retrenchment, he shall be eligible to be paid a sum equivalent to the emoluments for the period of privilege leave he had accumulated subject to sub-regulation (4) of regulation 61." (c) After third proviso, the following provisos shall be inserted, namely,- "Provided also that where an officer or employee voluntarily retires from service on or after the 1st of April 2018, after giving due notice under sub regulations ( 1) and (2) of regulation 27 of the Madhya Pradesh Gramin Bank (Employees’) Pension Regulations, 2018, he shall be eligible to be paid a sum equivalent to the emoluments for the period of privilege leave he had accumulated, subject to sub-regulation (4) of regulation 61. Provided also that where an officer or employee has been compulsorily retired including as a measure of punishment, he shall be eligible to be paid a sum equivalent to the emoluments of any period, subject to sub-[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 regulation (4) of regulation 61. Provided also that where an officer or employee leaves or discontinues from service or resigns under the provisions of sub-regulation (1) of regulation 10, he shall be eligible to be paid a sum equivalent to the emoluments in respect of privilege leave to the extent of half of such leave to his credit on the date of cessation of service, subject to a maximum of 120 days." R.C. BEHERA, Chairman [ADVT.-III/4/Exty./571/2024-25] Note:The erstwhile Narmada Jhabua Gramin Bank (Officers and Employees) Service Regulations, 2010 were published in the Gazette of India, Part III, section 4, dated the 06 April, 2013, vide notification number 101 and erstwhile Central Madhya Pradesh Gramin Bank (Officers and Employees) Service Regulation, 2010 were published in the Gazette of India, Part III, section 4, dated the 03 Aug, 2013. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research