We reproduce herewith CIRCULAR NO:117 DATED: 08.08.2010 for our viewers
TO ALL AFFILIATES/MEMBERS:
REVIEW OF FESTIVAL ADVANCE
One of the issues that came up for discussion in the Executive Committee of the Confederation held at Mumbai on 30th and 31st July 2010 was the need for revision in the current ceiling of Festival Advance. We have to-day sent our communication to IBA seeking revision in the ceiling of Festival Advance. A copy of our communication is enclosed.
2. All our affiliates/members are requested to await further developments in the matter.
With greetings,
(G.D.NADAF)
GENREAL SECRETARY
No.1452/ 272/10 08.08.2010
To,
The Chairman,
The Indian Banks’ Association,
World Trade Centre,
MUMBAI – 400 020.
Dear Sir,
ENHANCEMENT OF CEILING ON FESTIVAL ADVANCE
The Officers are eligible for Festival Advance once in a year as per their choice of Festival. The ceiling on Festival Advance is being prescribed by the Indian Banks’ Association at periodical intervals at the request of the Confederation.
2. We have been receiving a number of representations from the various parts of the country from the Officers’ fraternity, that the current ceiling will have to be revised and hence needs a review by the Indian Banks’ Association. The Executive Committee of the Confederation which met at Mumbai on 30th and 31st July, 2010 also had an occasion to deliberate on the issues that are to be sorted out between the IBA and the Confederation. The Committee was unanimous that the issue of enhancement of Festival Advance is one such issue requiring immediate solution from the IBA. We suggest to link the festival advance equal to two months Basic pay, repayable in 10 monthly installments. We therefore request you to kindly look into the matter and take necessary steps for the enhancement of the Festival Advance as suggested by us.
3. Please treat the matter as urgent.
Thanking you,
Yours faithfully,
(G.D.NADAF)
GENERAL SECRETARY
TO ALL AFFILIATES/MEMBERS:
REVIEW OF FESTIVAL ADVANCE
One of the issues that came up for discussion in the Executive Committee of the Confederation held at Mumbai on 30th and 31st July 2010 was the need for revision in the current ceiling of Festival Advance. We have to-day sent our communication to IBA seeking revision in the ceiling of Festival Advance. A copy of our communication is enclosed.
2. All our affiliates/members are requested to await further developments in the matter.
With greetings,
(G.D.NADAF)
GENREAL SECRETARY
No.1452/ 272/10 08.08.2010
To,
The Chairman,
The Indian Banks’ Association,
World Trade Centre,
MUMBAI – 400 020.
Dear Sir,
ENHANCEMENT OF CEILING ON FESTIVAL ADVANCE
The Officers are eligible for Festival Advance once in a year as per their choice of Festival. The ceiling on Festival Advance is being prescribed by the Indian Banks’ Association at periodical intervals at the request of the Confederation.
2. We have been receiving a number of representations from the various parts of the country from the Officers’ fraternity, that the current ceiling will have to be revised and hence needs a review by the Indian Banks’ Association. The Executive Committee of the Confederation which met at Mumbai on 30th and 31st July, 2010 also had an occasion to deliberate on the issues that are to be sorted out between the IBA and the Confederation. The Committee was unanimous that the issue of enhancement of Festival Advance is one such issue requiring immediate solution from the IBA. We suggest to link the festival advance equal to two months Basic pay, repayable in 10 monthly installments. We therefore request you to kindly look into the matter and take necessary steps for the enhancement of the Festival Advance as suggested by us.
3. Please treat the matter as urgent.
Thanking you,
Yours faithfully,
(G.D.NADAF)
GENERAL SECRETARY
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