(1) Save as otherwise provided in these regulations, no officer employee shall accept or permit any member of his family or any person acting on his behalf to accept any gift.
Seeking of Influence Absence from Duty Acceptance of Gifts EXPLANATION : The expression `gift’ shall include free transport, boarding, lodging or other service or any other pecuniary advantage when provided by any person other than a near relative or a personal friend having no official dealings with the officer employee.
Note : A casual meal, lift or other social hospitality shall not be deemed to be a gift.
(2) On occasions such as marriages, anniversaries, funerals or religious functions when the making of gifts is in conformity with the prevailing religious or social practice, an officer employee may accept gifts from his near relatives but he shall make a report to the competent authority if the value of the gifts exceeds Rs.500/-.
(3) On such occasions as specified in sub-regulation (2) an officer employee may also accept gifts from his personal friends having no official dealings with him but he shall make a report to the competent authority if the value of such gifts exceeds Rs.200/-.
(4) In any other case, the officer employee shall not accept any gifts without the sanction of the competent authority if the value of the gifts exceeds Rs.75/-.
Provided that when more than one gift has been received from the same person or concern within a period of 12 months, the matter shall be reported to the competent authority if the aggregate value thereof exceeds Rs.500/-.
(5) No officer employee shall -
(i) give or take or abet the giving or taking of dowry; or
(ii) demand, directly or indirectly from the parents or guardian or a bride or bridegroom, as the case may, any dowry.
EXPLANATION : For the purpose of this regulation “Dowry” has the same meaning as in the Dowry Prohibition Act, 1961 (28 of 1961).
Note : As a normal practice an officer employee shall not accept any gift from any person or institution having official dealings with the officer employee.
15. No officer employee shall, in his individual capacity -
(i) borrow or permit any member of his family to borrow or otherwise place himself or a member of his family under a pecuniary obligation to a broker or a money lender or a subordinate employee of the bank or any Lending and Borrowings person, association of person, firm, company, or institution, whether incorporated or not having dealing with the bank;
(ii) buy or sell stocks, shares or securities of any description without funds to meet the full cost in the case of a purchase or scrips or delivery in the case of a sale;
(iii) incur debts at a race meeting;
(iv) lend money in private capacity to a constituent of the bank or have personal dealings with such constituent in the purchase or sale of bills of exchange, Government paper or any other securities; and
(v) guarantee in his private capacity the pecuniary obligations of another person or agree to indemnify in such capacity another person from loss except with the previous permission of the competent authority;
Provided that an officer employee may, give to or accept from a relative or personal friend a purely temporary loan of a small amount free of interest, or operate a credit account with a bonafide tradesman or make an advance of pay to his private employee :
Provided further that an officer employee may obtain a loan from a cooperative credit society of which he is a member or stand as a surety in respect of a loan taken by another member from a cooperative credit society of which he is a member.
16. No officer employee shall draw his salary in advance or over draw his account with the bank against security or otherwise, without the previous sanction of the competent authority.
17. No officer, employee shall, except with the previous sanction of the competent authority, ask for or accept contribution to or otherwise associate himself with the raising of any funds or other collections in cash or in kind in pursuance of any objective whatsoever.
18. No officer employee shall speculate in any stock, share or securities or commodities or valuables of any descriptions or shall make investments which are likely to embarrass or influence him in the discharge of his duties:
Provided that nothing in this regulation shall be deemed to prohibit an officer employee from making a bonafide investment of his own funds in such securities as he may wish to buy.
Advance drawl of Salary Subscription Speculations in Stocks and Shares & Investments NOTE : Frequent purchase or sale or both of share or securities or other investments shall be deemed to be speculation for the purpose of this regulation.
19. An officer employee shall so manage his private affairs as to avoid habitual indebtedness or insolvency. An officer employee against whom any legal proceedings are instituted for the recovery of any debt due from him or for adjudging him as an insolvent shall forthwith report the full facts of the legal proceedings to the bank.