Allahabad Bank: Retirement, Promotions, Transfers
Age of Retirement
Age of retirement of an Officer is 60 years.
In terms of the Officers’ Service Regulations, an Officer shall not leave or discontinue his service in the Bank without giving a notice of 3 months (in case the officer is underprobation 1 month), in writing to the competent authority of his/her intention to leave or discontinue his/her services or resign.
The officer who resigns from Bank’s service after complying with the Rules/Regulations governing resignation, will be entitled to encashment of privilege leave to the extent of half of such leave at his credit on the date of cessation of service subject to a maximum of 120 days.
Silver Jubilee Award :
Ref. Circular No. 12004/ADMN( HR) /2012-12/03 dated 20-07-2012
Silver Jubilee Award is bestowed on an Officer Employee on completion of 25 years of service. The award will be in the form of any one or more articles of the employee’s choice out of certain items listed in the relative circular, the cost of which will be restricted to Rs.5000/-.(Enhanced from Rs.2000/- to Rs.5000/- w.e.f 01-07-2012)
(Reference : Head Office Instruction Circular No. 8361/ADMN (IR)/2004-2005/02 dated 14.09.2004)
The Bank has formulated a transfer/placement policy/guidelines for Officers of the Bank which will be applicable to Officers upto Scale-III (except Officers in Specialist Cadre), within the ambit of Regulation 47 of Allahabad Bank (Officers’) Service Regulations, 1979 which stipulates that every Officer is liable for transfer to any office of the Bank or to any place in India, as also Government guidelines/instructions received from time to time.
The 48 Zonal Offices of the Bank have been divided into six circles, for the purpose of transfer/placement of Officers, as detailed herein below:
Name of the
Includes Branches/Offices under the jurisdiction of
Asansol, Barasat, Behala, Berhampur, Chinsurah,
Dibrugarh, Guwahati, Head Office, Kolkata
(Metro), Kolkata (Urban), Midnapore & Siliguri.
Agra, Allahabad, Bahraich, Dehradun, Gorakhpur, Gonda, Hamirpur, Kanpur, Lakhimpur Kheri,
Lucknow, Meerut, Mirzapur, Moradabad, Sitapur
Bhagalpur, Deoghar, Muzaffarpur, Patna & Ranchi.
Bhopal, Bhubaneswar, Jabalpur, Raipur & Satna.
Ahmedabad, Bangalore, Chennai, Hyderabad,
Mumbai & Nagpur.
Chandigarh, Jaipur, Ludhiana & New Delhi.
Basic Norms :
o For exposing the Officers to different geographical areas as also to groom up in different working environment, rotation of officers will be made as per requirement of the Bank.
o The tenure of an Officer in a branch should not be more than 3 years and not more than 5 years in administrative offices, other than Specialists, subject to administrative exigencies.
o To complete mandatory Rural/Semi-Urban branch services, as per Government guidelines
Officers (except specialists), may be posted within/outside the State/Circle, as per requirement.
o On promotion to Scale-I and in case of intra-cadre promotion within Officers’ cadre (upto Scale- III), inter-circle transfer will be made depending upon the bank’s need & requirement.
o Officers will not normally be transferred out of state/circle who have attained 55 years of age as far as possible and practicable.
o The rotational movement of Officers in Scale-I & Scale-II will be made within the state/circle as far as practicable.
o Inter-circle rotational transfer/movement of officers in Scale-III may be considered after 10 years of service as an officer to groom them to shoulder higher responsibilities by exposing them to different work culture/environment.
o Officers who are posted outside their parent state/circle will be repatriated back to their respective parent state/circle, after completion of tenure of posting on subsequent promotional placements/recruitment and on swap as far as feasible and practicable.
o Directly recruited Specialist Officers and/or Officers who are engaged in specialized functional areas will be rotated in the respective functional areas by Head Office.