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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 (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), the Board of Directors of the Central Bank

Date: 29th November 2024
Category: Extra Ordinary
New Delhi

Read or download the official PDF of this gazette notification issued by the Central Bank of India on 29th 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.-एम.एच.-अ.-29112024-259018 xxxGIDHxxx CG-MH-E-29112024-259018 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 945] नई कदल्ली, ब धवार, नवम्ब र 27, 2024/ अग्रहायण 6, 1946 No. 945] NEW DELHI, WEDNESDAY, NOVEMBER 27, 2024/ AGRAHAYANA 6, 1946 सन्ट्े रल बकैं ऑफ इंजडया अजधसचू...

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  • This gazette notification details amendments to the Central Bank of India (Officers’) Service Regulations, 1979. These amendments cover various aspects of officer's service conditions including family definition, pay scales, allowances, leave policies, and other benefits.
  • The regulations are given retrospective effect from November 1, 2017, except where specifically mentioned otherwise.
  • The definition of 'family' for medical and leave fare concession purposes is revised to include dependent parents, siblings, widowed/divorced daughters and sisters, with a monthly income limit of ₹12,000 for dependents. It also clarifies that a married female officer can include either her natural parents or parents-in-law, but not both, as dependents.
  • New pay scales for various grades of officers are introduced, effective November 1, 2017. The new scales range from ₹36,000 to ₹129,000, with specific annual increment structures for each scale.
  • Special allowances for officers are revised. From November 1, 2017, Scale I-III officers will receive 16.40% of basic pay, Scale IV-V will receive 19%, and Scale VI-VII will receive 20%, plus applicable Dearness Allowance. These special allowances will not be considered for superannuation benefits.

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