RBI Unexpected Leave Rule: RBI said that bankers who work in sensitive positions will be given a surprise and mandatory leave of 10 days every year.
New Delhi: RBI Mandatory Leave: There is good news for bank employees. Reserve Bank of India (RBI) has brought a gift for bank employees. According to the order of RBI, bankers who are working in sensitive positions will get surprise leave of at least 10 days every year. Apart from the scheduled commercial banks, this rule will also be applicable to rural development banks and co-operative banks. Let us know what other facilities are being given in this new rule. Also Read: LIC policy rules: Life insurance policy nominee benefits, how to change your nominee
10 days surprise leave
As per RBI’s 2015 circular, such bankers who work in sections like Treasury Operations, Currency Chest, Risk Modelling, Model Validation are considered vulnerable. Along with this rule, a list will also be issued for sensitive posts, who will be given 10 days casual leave every year under ‘Mandatory Leave’. Under this rule, bankers will not be aware of this holiday in advance. Also Read: Post office saving schemes rules Change for ppf transaction and withdrawal limit
RBI issued orders
Issuing the order, RBI has asked to prepare a policy of giving unexpected holidays under Prudential Risk Management Measures (RBI Modified Risk Management Guidelines) in the information sent to banks including Rural Development Bank and Co-operative Bank. Banks have been asked to prepare a list of sensitive posts as per the approved policy of their Board of Directors and review the list from time to time. RBI has asked banks to comply with the revised instructions within six months. Also Read: RBI’s new rule: If there is no cash in the ATM, then the bank will be fined, will be applicable from October 1
Will not be responsible for physical work
Under this leave, the bank employee will not have to do any kind of work, either physical or virtual, except internal/corporate email. The facility of internal/corporate email is available with the bank employees for general purpose. Also Read: Cheque Bounce Notice! You only get one month’s deferment, do this work to survive
Mandatory Leave Policy Upgrade
RBI had not specified the number of days for such leave in its earlier guidelines on the issue in April 2015. However, he said it could be ‘a few days (10 working days)’. The central bank has upgraded the ‘Mandatory Leave’ policy for employees attached to sensitive posts or areas of operation and repealed the circular dated April 23, 2015.
