As per the 10 Bipartite settlement “Leave fare concession is as follows:
- 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 2 years.
Alternatively he may travel in one block of 2 years to his place of domicile and
in another block of 2 years to any place in India by the shortest route.
- Alternatively an Officer by exercising an option any time during the four year
block or 2 year block as the case may be surrender and encash his LTC other
than travel to place of domicile” upon which he shall be entitled to receive an
amount equivalent to 100% of the eligible fare for the class of travel by train to
which he is entitled upto a distance of 4500 Kms(one way) for officers in JMG
Scale I and MMG Scale II & III and 5500 Kms ( one way) for Officers in SMG
Scale IV and above. An Officer opting to encash his LTC shall prefer the claim
for himself / herself and his / her family members only once during the block /
term in which such encashment is availed off. The facility of encashment of
privilege leave while availing of leave fare concession is also available while
encashing the facility of LTC.
- The mode and class by which an officer may avail of Leave Travel Concession
shall be the same as the officer is normally entitled to travel on transfer and
other terms and conditions subject to which the Leave Travel Concession may
be availed of by an officer, shall be as decided by the Board from time to time.
st Provided that w.e.f. 1 May 2010 an officer in Junior Management Grade
Scale I while availing LTC will be entitled to travel by air in the lowest fare
economy class in which case the reimbursement will be the actual fare or the
st fare applicable to AC 1 Class fare by train for the distance travelled
whichever is less. The same rules shall apply when an officer in Middle
Management Grade Scale II and Middle Management Grade Scale III while
availing LTC where the distance is less that 1000 kms.
th During the 10 bipartite negotiation with AIBOC Negotiating Committee it was
reported that the following 3 alternatives have been submitted to the IBA.
- To Continue to present scheme with provision to travel abroad
- To adopt the RBI scheme
- Monitory compensation instead of LFC reimbursement.
st th The RBI scheme was revised on 1 July 2014 and further reviewed on 18 July
2014 based on CVC guidelines. The scheme provides an entitlement of
Rs.1,07000/- for Grade A to E and Rs. 1,30,000/- for Grade F and above. Even for
Cl III employees Rs.107000/- is eligible. This amount has been arrived at on the
basis of Air fare as on that date, taking into account that 50% of the entitlement
should go towards the Air fare. The RBI scheme provides 50% or more out of the
above entitlement towards Air fare and 25% towards local site seeing expenses
without production of any evidence. In addition it provides for 15% incidental
expenditure towards travel by taxi / train / bus from home to the Airport, visa
charges, medical insurance premium etc. (originally it was 20%) The scheme also
provides for package tours organised by travel agents approved by IATA. Even for
package tours 15% incidental expenditures is provided. The scheme also
provides for 2 journeys in 4 years which can be either 2 sets of LFC or one LFC and
one Home travel. In case of encashment it provides for AC First Class fare for
4500 kms (one way)
Hence the above scheme which has also segregated foreign LFC and domestic LFC
should be made available to Bank Officers.
In case of monitory compensation the entitlement should 140000/-so that a 15%
incidental expenditure is added. We produce herewith the actual flight fare
which our officers have recently claimed for their LFC.
Chennai – Delhi- Amritsar = Rs. 46901/- (one way) –Rs.93802/-(both ways)
Chennai – Delhi – Srinagar = Rs.48187/-(one way)-96374/-(both ways)
Trivandram – Srinagar = Rs.52917/-(one way) – 105834/- (both ways)
Trivandram – Varanasi = Rs.51496/- (one way) – 102992/- (both ways)
Trivandram – Lilabari = Rs.60689/-(one way) -121378/- (both ways)
It will be advantageous to the Banks to accept the RBI scheme with ceiling of
entitlement as Rs. 140,000/- upto Scale V (Rs.121378/- + Rs.18207 (15%) ) which
is still inferior to the RBI scheme which provides another 25% towards other
expenses. If Banks go for monitory compensation 100% of the Officers will claim
whereas if the actual LFC similar to the RBI scheme is given only 50 – 60% of the
Officers will utilise that. The same RBI entitlement is also available in NABARD.
What we are claiming is still inferior to RBI scheme.
The LFC scheme for Award staff is enhanced by providing for AC 2 tier to clerical
staff and AC 3 tier to subordinate staff. So our demand is reasonable.
Air travel should be permitted to all officers including Junior Management Scale.
Instead of LFC and HTC the Officer should be permitted to avail 2 LFCs in a 4 year
block as many officers do not avail HTC or have no opportunity to avail HTC.