Section 25

Syndicate Bank (Officers') Service Regulations, 1979Central Regulations · 1970

(1) No Officer shall be entitled as of right to be provided with residential accommodation by the Bank.

(2) It shall, however, be open to the Bank to provide residential accommodation to an officer on payment by the Officer, on and from 1st November, 1999, a sum equal to 2.5% of the basic pay in the first stage of the scale of pay in which he is placed or the standard rent for the accommodation, whichever is less:

Provided that where the officer is provided with furniture at such residence, a further sum equal to 0.5% of basic pay in the first stage of the scale of pay in which he is placed, will be recovered by the Bank from him.

Provided further that, where such residential accommodation is provided by the bank, the charges for electricity, water, gas and conservancy shall be borne by the Officer.

Bank’s Car for personal purposes :

Where this provision sits

Act	Syndicate Bank (Officers') Service Regulations, 1979
Section	25
Jurisdiction	Central
Status	In force as published by the source

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