Bank of Baroda: Salary & Allowances
In terms of the guidelines from the Govt. Of India, reimbursement of maximum 15 days halting allowance is permissible in case no residential accommodation is made available by the bank to officer at the new place of posting. Mode of Travel and Expenses on Travel
The following provisions shall apply wherever an officer is required to travel on duty:
I. An officer in JMG is entitled to travel by Ist class or AC 2 – tier sleeper by train. He may, however, travel by air (economy class) if so permitted by competent authority, having regard to the exigencies of business or public interest.
II. An officer in MMG is entitled to travel by Ist class or AC 2 – tier sleeper by train. He may, however, travel by air (economy class) if the distance to be covered is more than 1000 kms. May travel for shorter distance if so permitted by competent authority.
III. An officer in Senior management is entitled to travel by AC Ist class by train or air (economy class)
IV. The Competent Authority, having regard to the exigencies of business, may authorize any other officer to travel by his own vehicle or by taxi or by the Bank of Baroda’s vehicle.
Joining Time on Transfer
I. An officer shall be eligible for joining time on one occasion, not exceeding seven days, excluding the number of days spent on travel.
II. An officer may be permitted to avail joining time in maximum two installments provided he avails the same within 12 months from the date of his reporting to the new place of posting and the total joining time does not exceed 7 days. On both the occasion the joining time should be for the purpose of shifting family / goods and other incidental activities connected with shifting / transfer and not any other purpose.
III. Officer is eligible for diem allowance for the period of days spent on travel when he is reporting for the first time to the new place of posting.
IV. No joining time is admissible when an officer on transfer does not shift their residence to the new place of posting. Refer to circular CO/BR/95/145 dated 21.04.2003.
Leave Travel Concession
During each block of 4 years an officer shall be eligible for leave travel concession for travel to his place of domicile once in each block of two years. Alternatively, he may travel in one block of two years to his place of domicile and in another block of two years to any place in India by the shortest route.
I. The mode and class by which an officer may avail LTC shall be same as the officer is normally entitled to travel on transfer and other terms and conditions subject to which the LTC may be availed of by an officer, shall be as decided by the Board from time to time. Provided that w.e.f. 01.05.2010 an officer in JMG/S I while availing LTC will be entitled to travel by air in the lowest fare of economy class in which case the reimbursement will be the actual fare or the fare applicable to AC 1st Class fare by train for the distance traveled whichever is less. The same rules shall apply when an officer in MMG/S II and MMG/S III while availing LTC where the distance is less than 1000 kms.
II. LTC encashment — An officer by exercising option any time during a 4 year block or two year block surrender and encash his LTC (other than travel to place of domicile) upon which he shall be entitled to receive an amount equivalent to 75% of the eligible fare for the class of travel by train to which he is entitled up to a distance of 4500 kms (one way) to and fro journey total 9000 kms for officers in JMG Scale I and MMG Scale II & III and 5500 kms (one way) to and fro journey total 11000 kms for SMG IV and above. For encashment of LTC facility the entitled class of travel by train by officers in JMG and MMG may be taken as AC II Tier sleeper.
III. An officer in Senior Management or Top Executive Grade is entitled to travel by AC Ist class by train or by Air (economy class).
IV. The facility of encashment of privilege leave while availing of Leave Fare Concession is also available while encashing the facility of LFC.
V. Definition of family: For the purpose of LTC concession “Family” of an officer shall mean an officer’s spouse, wholly dependent unmarried children (including dependent step children and legally adopted children), physically challenged brother/sister with 40% or more disability, and wholly dependent parents ordinarily residing with and wholly dependent on the officer.
The term wholly dependent child/parent shall mean such member of
family having a monthly income not exceeding of Rs. 3500/ p.m..
If the income of one of the parents exceeds Rs.3500/- p.m. or
the aggregate income of both the parents exceeds Rs.3500/- p.m,
both the parents shall not be considered as wholly dependent on
VI. Please note that LTC for travel to the place of domicile (Home Town) is not encashable. Railway grant concessional fare to Senior Citizens of 60 year of age and above, hence encashment will be considered on the basis of concessional fare only.
VII. If an officer eligible to travel by air on LTC traveled by Air) economy class), the economy air fare should be taken into account for reckoning the entitlement, irrespective of the fact whether the airline allowed any complimentary facility, including visit to an overseas place, within the economy class fare. However, on traveling by apex /concessional fare, which is normally less than the economy fare, the eligibility would be actual fare.(Refer Circular No.BCC:BR:101/133 dated 05.05.2009).
Festival Advance to officers
A confirmed officer is eligible for Festival advance up to one month emoluments or maximum Rs.30000/- in one calendar year w.e.f 28.01.2009. Refer BCC/BR/10/38 dated 04.02.2009.