(1) An officer shall be eligible for privilege leave computed at one day for every 11 days of service on duty provided that at the commencement of service no privilege leave may be availed of before completion of 11 months of service on duty. Provided, however, an officer absorbed in the Exim Bank’s service from the Development Bank or any other institution approved in this behalf by the Chairman and Managing Director may be permitted to proceed on leave even during the first eleven months of his service in the Exim Bank.
Provided further that the Chairman and Managing Director may, in his sole discretion, allow a directly recruited officer to proceed on privilege leave even during the first eleven months of his service in the Bank.
The extension of the said facility shall be applicable only in those cases where it has been specifically permitted by the Chairman and Managing Director and not otherwise.
EXPLANATION:
“Service on duty” includes service as a probationer, time, if any, granted by the Competent Authority to an officer to join a new post to which he is appointed, and period spent on casual leave duly sanctioned.
(2) Privilege leave may be accumulated upto not more than 240 days, except where leave has been applied for and it has been refused in writing.
(3) An officer desiring to avail of privilege leave shall normally submit at the commencement of the year his leave programme for the year.
(4) For calculating privilege leave, the number of days an officer was on service on duty since the date of his last return from leave will be divided by eleven which will give the number of days privilege leave earned by him. Fractions of a day of earned leave shall be taken as a full day if amounting to half a day or more and shall be ignored if amounting to less than half a day. Privilege leave encashed, if any, shall not be deducted from the period of service on duty for the purpose of calculation of privilege leave.
(5) An officer on privilege leave shall be entitled to full emoluments for the period of leave.
(6) Once in every four years when an officer avails of Leave Travel Concession he may be permitted to surrender and encash his Privilege Leave not exceeding one month at a time. Alternatively, he may whilst travelling in one block of two years to his home town and in other block to any place in India, be permitted encashment of privilege leave with a maximum of 15 days in each block or 30 days in one block. For the purpose of leave encashment all the emoluments payable for the month during which the availment of the Leave Travel Concession commences shall be admissible.
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Provided that an officer at his option shall be permitted to encash one day’s additional privilege leave for donation to the Prime Minister’s Relief Fund subject to his giving a letter to the Bank to that effect and authorising the Bank to remit the amount to the Fund.
SICK LEAVE: