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Date: 19-Sep-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 Act

Issued by Baroda U.P. Bank · Not Applicable

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Executive Summary & Key Takeaways

Description of the Gazette Notification

  • This gazette notification announces amendments to the Baroda U.P. Bank (Officers & Employees) Service Regulations, 2020. These amendments primarily concern the accumulation and encashment of privilege leave for bank officers and employees.

Key Changes

  • Amendment to Regulation 61(4): The maximum accumulation of privilege leave is increased from an unspecified amount to 270 days, but encashment is capped at 240 days.
  • Amendment to Regulation 67: Significant changes were made to this regulation regarding the payment of privilege leave encashment upon retirement or termination of service.
  • New provisions added to Regulation 67: New provisions clarify the entitlement to privilege leave encashment for employees retiring voluntarily (on or after April 1, 2018), those compulsorily retired (including as punishment), and those leaving service or resigning under Regulation 10(1).
  • Voluntary Retirement (on or after 1st April 2018): Employees voluntarily retiring after this date, after giving the required notice, are eligible for privilege leave encashment (up to 240 days).
  • Compulsory Retirement/Punishment: Employees compulsorily retired, including as punishment, are eligible for privilege leave encashment (up to 240 days).
  • Resignation/Leaving Service: Employees resigning or leaving service under Regulation 10(1) are eligible for encashment of half their accumulated privilege leave, up to a maximum of 120 days.

Impact Analysis

Impact on Employees

  • Need for employees to understand the amended regulations to maximize their benefits.

Impact on Baroda U.P. Bank

  • Requirement for training of HR personnel to ensure accurate calculation and processing of leave encashment.

Impact on Sponsor Bank (Bank of Baroda) and NABARD

  • Potential need for alignment of their own policies with the amended regulations of Baroda U.P. Bank.

Suggested Action Items

  • The sponsor bank and NABARD should review their own policies to ensure consistency.

Key Entities Referenced

Baroda U.P. Bank: The regional rural bank whose service regulations are being amended. Bank of Baroda: The sponsor bank for Baroda U.P. Bank, consulted during the amendment process. National Bank for Agriculture and Rural Development (NABARD): Consulted during the amendment process. Regional Rural Banks Act, 1976: The act under which the Baroda U.P. Bank's Board of Directors has the authority to make these amendments. Baroda UP Bank (Officers & Employees) Service Regulations, 2020: The regulations that have been amended by this notification. Baroda UP Bank (Employees’) Pension Regulations, 2018: Regulations referenced in the amendment regarding voluntary retirement. Government of India: The central government gave prior sanction for the amendments.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-यू.पी.-अ.-23092024-257406 xxxGIDHxxx CG-UP-E-23092024-257406 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 729] नई कदल्ली, बृहस्ट्प जतिार, जसतम्ब र 19, 2024/भाद्र 28, 1946 No. 729] NEW DELHI, THURSDAY, SEPTEMBER 19, 2024/BHADRA 28, 1946 बड़ौदा य.ू पी. बकैं अजधसचू ना गोरखपुर, 5 जसतम्ब र, 2024 स.ं बीयपू ीबी/1019- क्षेत्रीय ग्रामीण बैंक अजधजनयम, 1976 (1976 का 21) की धारा 17 की उपधारा (1) के साथ पठित धारा 30 द्वारा प्रदत्त िजियों का प्रयोग करते हुए, बड़ौदा यू. पी. बैंक का जनदेिक मंडल, प्रायोिक बैंक होने के नाते बैंक ऑफ बड़ौदा और राष्ट्रीय कृजि और ग्रामीण जिकास बैंक के साथ परामि श करन े के बाद तथा केंद्र सरकार की पूि श मंिूरी के साथ, एतद ् द्वारा बड़ौदा यू. पी. बैंक के (अजधकारी और कमशचारी) सेिा जिजनयमािली, 2020 में और अजधक संिोधन करने के जलए जनम्नजलजखत जिजनयम बनाता ह,ै यथा:- 1. (1) इन जिजनयमों को बड़ौदा यू.पी. बैंक (अजधकारी और कमशचारी) सेिा (संिोधन) जिजनयम, 2024 कहा िाएगा. (2) य ेसंिोधन, इनके सरकारी रािपत्र में प्रकाजित होने की जतजथ से लाग ूहो िाएगं े. 2. बड़ौदा यू.पी. बैंक (अजधकारी और कमशचारी) सेिा जिजनयम, 2020 (जिन् ह ें इसके बाद उि जिजनयम कहा िाएगा) म,ें जिजनयम 61 के उप-जिजनयमन (4) के जलए, जनम्नजलजखत उप-जिजनयमन प्रजतस्ट्थाजपत ककया िाएगा, यथा:- “(4) जििेिाजधकार अिकाि 270 कदनों से अजधक तक का नहीं िमा ककया िा सकता ह,ै जसिाय इसके कक िहां छुट्टी के जलए आिेदन ककया गया हो और उसे अस्ट्िीकार कर कदया गया हो: बिते कक जििेिाजधकार अिकाि का नकदीकरण अजधकतम 240 कदन के जलए ही ककया िा सकेगा.” 6002 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 3. उि जिजनयमों के जिजनयम 67 के,- क) दसू रे प्रािधान म,ें “ बैंक की सेिा से सेिाजनिृत्त” िब्दों के बाद, “जिजनयमन 11 के प्रािधानों के अतं गतश ” िब्द सजम्मजलत ककए िाएंग;े ख) तीसरे प्रािधान के स्ट्थान पर जनम्नजलजखत प्रािधान िाजमल ककया िाएगा, यथा:- “यह भी प्रािधान ककया िाता ह ै कक उस कमशचारी के संबंध म ेंजिसकी सेिाएं छंटनी के कारण समाप्त कर दी िाती ह,ैं िह जििेिाजधकार अिकाि की अिजध के जलए पठरलजब्धयों के बराबर की राजि का भगु तान प्राप् त करन े के जलए पात्र होगा, िो उसन े जिजनयमन 61 के उप-जिजनयमन (4) के अधीन िमा कर रखा था.” ग) तीसरे प्रािधान के बाद, जनम्नजलजखत प्रािधान सजम्मजलत ककए िाएंग,े यथा,- “यह भी प्रािधान ककया िाता ह ै कक िहां कोई अजधकारी अथिा कमशचारी, बड़ौदा यू.पी. बकैं (कमशचारी) पेंिन जिजनयम, 2018 के जिजनयमन 27 के उप-जिजनयम (1) और (2) के तहत जिजधित ् नोठटस देने के बाद अपनी स्ट्िेच्छा स े कदनांक 01 अप्रलै 2018 को या उसके बाद सेिा स े सेिाजनिृत्त होता ह,ै तो िह अपन े द्वारा जिजनयम 61 के उप-जिजनयम (4) के अधीन संजचत जििेिाजधकार अिकाि की अिजध के जलए पठरलजब्धयों के बराबर की राजि का भुगतान प्राप् त करन े के जलए पात्र होगा. यह भी प्रािधान ककया िाता है कक िहां ककसी अजधकारी या कमशचारी को, अजनिायश रूप से सेिाजनिृत्त कर कदया गया हो, जिसम ें दंड भी िाजमल ह,ै िह जिजनयमन 61 के उप-जिनयम (4) के अधीन, ककसी भी अिजध की पठरलजब्धयों के बराबर की राजि का भुगतान प्राप् त करन े के जलए पात्र होगा. यह भी प्रािधान ककया िाता ह ैकक िहां कोई अजधकारी या कमशचारी सेिा छोड़ देता ह ै या काम पर आना बंद कर देता ह ै या जिजनयम 10 के उप-जिजनयमन (1) के प्रािधानों के तहत पदत्याग कर देता ह,ै तो िह सेिा की समाजप्त की जतजथ को उसके खाते में िमा जििेिाजधकार छुट्टी की आधी अिजध की पठरलजब्धयों के बराबर की राजि का भुगतान प्राप् त करन े के जलए पात्र होगा, यह अिजध अजधकतम 120 कदन तक की ही हो सकती ह.ै ” दविंदर पाल ग्रोिर, अध्यक्ष [जिज्ञापन-III/4/असा./477/2024-25] नोट: बड़ौदा यू.पी. बैंक (अजधकारी और कमशचारी) सेिा जिजनयमन, 2020 को कदनांक 03.04.2024 के भारत के रािपत्र, भाग III, खंड 4 में कदनांक 28.03.2024 की अजधसूचना संख्या बीयूपीबी/एचआरएम/2023-24/2217 के माध्यम से प्रकाजित ककया गया था. BARODA U.P. BANK NOTIFICATION Gorakhpur, the 5th September, 2024 No. BUPB/1019-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 Baroda U.P. Bank after consultation with Bank of Baroda, 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 Baroda UP Bank (Officers & Employees) Service Regulations, 2020, namely:- 1. (1) These Regulations may be called Baroda U.P. Bank (Officers & Employees) Service (Amendment) Regulations, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Baroda UP Bank (Officers and Employees) Service Regulations, 2020 (hereinafter referred to as said regulations), in the regulations 61 for sub-regulation (4), the following sub-regulation shall be substituted, namely:-[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 “(4) Privilege Leave may be accumulated upto 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 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 regulation27 of the Baroda UP 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-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 regulation10, 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.” DEVINDER PAL GROVER, Chairman [ADVT.-III/4/Exty./477/2024-25] Note: The Baroda UP Bank (Officers and Employees) Service Regulations, 2020 were published in the Gazette of India Part III, Section 4, dated 03.04.2024 vide notification number BUPB/HRM/2023- 24/2217 dated 28.03.2024. 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.

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