| May 2nd, 2017 12:43 PM | |
| Vishal Kotkar | Re: union bank of india ltc The Ninth Wage Revision in banks which was marked on 27.04.02010 has stretched out LTC office via AIR to JM Scale I Officers of banks. The office is successful from 01.05.2010.Now they can go via Air. LTC facility under ninth Wage Revision in Banks Bank JM Scale I Officers are entitled for LTC via Air According to Joint Note issued by IBA and Bank Officers affiliations dt 27.04.2010 (w.e.f. 01.05.2010) Annexure I (13) Other Allowances (vi) Leave Travel Concession (w.e.f. 1.5.2010) 1. 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. 2. Alternatively, an officer, by exercising an option anytime during a 4 year block or two 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 75% 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 of. The facility of encashment of privilege leave while availing of Leave Fare Concession is also available while encashing the facility of LTC. 3. 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. Provided that w.e.f.1stMay 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 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 Middle Management Grade Scale II and Middle Management Grade Scale III while availing LTC where the distance is less than 1000 kms. In case of LTC Tour Packages, some Tour & Travel operators offering additional services out of their commission received from Airlines. If you want to get some discount information & facility from tour operators, you may send us an inquiry about tour packages under banks norms, which includes Flight Tickets, Hotels and Sightseeing Tours |
| May 2nd, 2017 12:43 PM | |
| Unregistered | Re: union bank of india ltc Hi I would like to have the information as well as the details of the Leave Travel Concession (LTC) as per the Ninth Wage Revision in public sector banks? |
| July 12th, 2016 10:04 AM | |
| suman | union bank of india ltc Discuss about union bank of india ltc here. Welcome to Education4India.com and this page is for union bank of india ltc discussion. If you are looking for information on union bank of india ltc then ask your question is as much details as possible in the “Quick Reply” box provided below. The more detailed your question will be, the more easy will it be for our experts to answers your query. And if you have any updated or latest information on union bank of india ltc, then please share you knowledge with our experts in the “Reply” box below. Your reply will be published here and your knowledge can help many people. Thanks for stopping by at Education4India.com. Please visit again. |
| January 8th, 2016 04:49 PM | |
| nilesh | union bank of india ltc Discuss about union bank of india ltc here. Welcome to Courses.ind.in and this page is for union bank of india ltc discussion. If you are looking for information on union bank of india ltc then ask your question is as much details as possible in the “Reply” box provided below. The more detailed your question will be, the more easy will it be for our experts to answers your query. And if you have any updated or latest information on union bank of india ltc, then please share you knowledge with our experts in the “Reply” box below. Your reply will be published here and your knowledge can help many people. Thanks for stopping by at Courses.ind.in. Please visit again. |
