AIBOC CIRCULAR NO. 51 DATED 19.05.2011

 AIBOC issued its circular No. 51 dated 19.05.2011 on reimbursement of TA/DA to serving Employees/Ex-Employees (including retired, dismissed) of the Bank. We are reproducing the same here for our readers.

CIRCULAR NO.51                                              DATE: 19.05.2011

TO ALL AFFILAITES/MEMBERS

REIMBURSEMENT OF TA/DA TO SERVING EMPLOYEES /EX-EMPLOYEES (INCLUDING RETIRED, DISMISSED) OF THE BANK

We enclose the guidelines received from Indian Banks Association, vide their letter No.CIR/HR & IR/665/E-10/2010-11/3004 dated 25th, April, 2011, in respect of reimbursement of TA/DA payable to officers, for attending Court of Law/ Tribunal /Inquiring Authority to depose as a Prosecution /Management witness.

The instructions are effective from 01st April, 2011. Please be guided accordingly.

With greetings

Sd/-

(G.D. NADAF)

GENERAL SECRETARY

Indian Banks' Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/665/E-10/2010-11/3004

April 25 2011

Chief Executives of all Public Sector Banks

Dear Sirs,

Reimbursement of TA/DA  to Serving Employees/Ex-employees (Including retired, dismissed) of the Bank

IBA has been receiving queries from Member Banks on payment of T AIDA to serving employees/ex-employees of banks, including retired or dismissed employees, in case he has to attend proceedings before a Court of Law/Tribuna/Inquiring Authority so as to depose as a prosecution witness or as a management witness.

The Personnel Committee of IBA at its meeting held on 25.3.2011 had a detailed discussion in the matter and recommended payment of T AIDA for the above purpose as per enclosure, covering various circumstances. The Managing Committee of IBA at its meeting held on 29.3.2011 had approved the recommendations put forth by the Personnel Committee.

You may adopt the above guidelines with effect from 1.4.2011 and these guidelines supersede all the earlier guidelines in this regard issued by IBA.

Yours faithfully,

Sd/-

(Venugopalan)

Officer on Special Duty