Bangladesh Bank Leave Rules, 2003

Bangladesh Bank Leave Rules, 2003 : In exercise of the powers conferred by Regulation 48 of the Bangladesh Bank Staff Regulations, 2003, Governor has been pleased to approve the following Leave Rules of the employees of the Bank.

বাংলাদেশ ব্যাংক লোগো [ Bangladesh Bank Logo ]

1. Short Title and commencement.

a) These Rules may be called the Bangladesh Bank Leave Rules, 2003.
b) They shall come into force with effect from 24 May, 2003.

2. Application.

These Rules shall apply to all employees of the Bank, whether on duty or on leave within or without Bangladesh, on deputation with any Bank, institution or government agency, provided that they shall not apply, except as otherwise
provided in these Rules or to such extent as may be specially or generally prescribed by the Governor, to

(i) staff transferred or lent by the Government of Bangladesh, or
(ii) staff or officers or specialists recruited on special contracts, or
(iii) senior officials of the Bank appointed by the Government.

3.

(i) Leave is earned by duty only. For the purposes of these rules the period spent on deputation shall count as duty.

(ii) All applications for leave shall be addressed to the competent authority and shall be submitted through the proper channel.

(iii) Leave cannot be claimed as a matter of right, and leave admissible under these rules may be granted by the competent authority who may refuse leave, grant leave for a shorter period than applied for, revoke leave of any
description and recall an employee before the expiry of his leave.

(iv) All employees shall resume duties on the expiry of leave as initially granted or as subsequently curtailed or extended. Overstay of leave may entail punishment including dismissal from service. An employee on leave
shall not accept any employment or office of profit.

(v) Before proceeding leave, an employee shall make over charge to another employee as directed by the competent authority.

(vi) An employee on leave of any description shall, unless instructed otherwise, report in writing his return to duty to his immediate superior at the place wherefrom he proceeded on leave.

(vii) An employee who was granted leave on medial grounds shall not return to duty without first producing a certificate of fitness from the medical authority specified by the Bank in this behalf. Provided that no such certificate shall be necessary if the leave was for seven days or less.

(viii) In the event of an employee on leave for not less than one month being required by the competent authority to resume duty in the interest of the Bank before the expiry of leave already sanctioned, the Governor in the case of officers, and the Executive Director in the case of others, may allow him actual cost of passage from the place of recall in Bangladesh to the place of duty in Bangladesh and to count the time spent of the journey as on duty.

(ix) Unless permitted by the competent authority to do so, an employee on leave may not return to duty more than fourteen days before the expiry of the period of leave granted to him.

(x) The following kinds of leave may be granted to an employee namely:-

a) Ordinary leave;
b) Special kinds of leave.

Bangladesh Bank Building in Motijheel commercial area, Dhaka

4. Ordinary leave :

(a)

(i) Every employee shall earn ordinary leave on full pay at the rate of one-eleventh of period spent on duty, that is, one day for every eleven days of duty, and the leave shall be credited to his leave account and the maximum that can be accumulated shall be four months. Any period in excess of four months shall be credited to a separate item in the leave account and may be allowed on full pay on medical certificate or for the purpose of pilgrimage or any
religious purpose, education or rest and recreation outside Bangladesh or in the case of leave preparatory to retirement.

The amount of leave on full pay that may be taken at any one time shall not exceed four months. This limit may be raised to six months when the leave in excess of four months is taken on medical certificate or for the purpose of pilgrimage or any religious purpose, education or rest and recreation outside Bangladesh or in case of leave preparatory to retirement.

Special leave on half pay or quarter pay as admissible to the extent that the total period of leave preparatory to retirement (both Ordinary Leave & Special Leave taken together) shall not exceed 12 months in all. The total period of such leave shall not extend beyond the completion of 58th year of age of the concerned employee.

(ii) Recreation Leave:

Every employee shall be entitled to Recreation Leave and allowance equal to his basic pay once in every three years with 15 days earned leave, provided that he has completed at least three years service in the Bank. Such leave shall be debited to his ordinary leave account. However, the employees who have availed encashment of leave facilities under Regulations 32(1)(B) of Bangladesh Bank(staff) Regulations (now repealed) shall be entitled to Recreation Leave and allowance after three years from the last date of encashment of leave.

(b) Leave on half pay :

Leave on half pay shall be earned at the rate of one-twelfth of the period spent on duty and accumulation of such leave shall be without limit. It shall be permissible to convert leave so allowed into leave on full pay on the production of medical certificate up to a maximum of twelve months in erms of full pay during the whole period of service. The conversion shall be allowed at the rate of one day on full pay for two days on half pay.

(c) Advance leave

Save in the case of leave preparatory to retirement, advance leave may be granted to an employee on half pay up to a maximum of twelve months during his whole service if it is on medical certificate or three months during his whole service if it is not on medical certificate.

When an employee returns from advance leave which was debited to his leave account no leave on half pay shall become due to him until the expiration of a fresh period spent on duty sufficient to earn a credit of leave equal to the period of leave which he took before it was due. The accumulation of leave on full pay together with leave that may be earned subsequent to his return from advance leave, shall remain unaffected but cannot be utilized except to the extent it exceeds half the period of unadjusted advance leave.

Note : Advance leave is not admissible to an employee who is not a permanent employee. In exceptional cases, the competent authority, if it is satisfied that the employee has reasonable prospect of returning to duty and of earning the leave on subsequent date, may sanction such leave to an employee who has completed at least five years’ continuous service against a regular post on the same condition as is applicable to a permanent employee.

(d) Leave Salary

(i) Leave salary during leave on full pay shall be equal to the pay which the employee was drawing before proceeding on leave or the average of pay drawn last twelve complete months preceding the month in which leave is taken, whichever is more favourable.

(ii) Leave salary during leave on half pay shall be equal to half of the leave salary calculated in accordance with the provision of clause(a).

(iii) Leave salary shall be drawn in Bangladesh currency in Bangladesh irrespective of the country in which the leave is spent.

(e) Maximum Leave

The maximum amount of leave that may be taken at any one time other than in combination with leave without pay shall be one year. It supported by medical certificate the limit of one year may be extended up to two years.

Note : In case of conversion of leave on half pay into leave on full pay on medical certificate, the maximum amount of leave shall be calculated on the extent of leave on half pay so converted and debited to leave account and not on the actual period of leave enjoyed.

(f) Leave without pay

(i) Leave without pay may be granted to an employee in special circumstances when no other leave is under these Rules admissible. The duration of leave without pay shall be so regulated that the amount of total leave including other leave taken in combination does not exceed the maximum of five years at any one time.

(ii) In case of temporary employee who has not completed five years’ continuous service, the duration of leave without pay at any one time shall not exceed three months. Provided that this restriction of three months shall not apply to a temporary employee who is permitted to undergo training in or outside Bangladesh after executing a bond to serve the Bank for a period of five years on return from such leave.

(iii) The authority empowered to grant leave may commute retrospectively the period of absence without leave into leave without pay.

(iv) A period of suspension or break in service may be covered by grant of leave without pay by the competent authority even if other kinds of leave might have been due before suspension or break in service.

Bangladesh Bank Building in Motijheel commercial area, Dhaka

5. Special disability leave

(1)

(a) Subject to the conditions hereinafter specified, the competent authority may grant special disability leave to an employee who is disabled by injury intentionally inflicted or caused in, or in consequence of, the due performance of his official duties or in consequence of his official position.

(b) Such leave shall not be granted unless the disability manifested itself within three months of the occurrence to which it is attributed, and the person disabled acted with due promptitude in bringing it to notice, provided that if the competent authority is satisfied as to the cause of disability, such leave may be granted in cases where the disability manifested itself more than three months after the occurrence of its cause.

(c) The period of leave granted shall be such as is certified by a Medical Board to be necessary. It shall not be extended except on the certificate of a Medical Board, and shall in no case exceed twenty four month.

(d) Such leave may be combined with any other kind of leave provided that the total limit of twenty eight months is not exceeded in any spell.

(e) Such leave may be granted more than once if the disability is aggravated or reproduced in similar circumstances at a later date but not more than twenty four months of such leave shall be granted in consequence of any one disability.

(f) Such leave shall be counted as duty in calculating service for retirement, gratuity or pension(if applicable).

(g) Special disability leave is not debited to leave account but when an employee entitled to special disability leave refers to take such leave in exchange of Ordinary leave on full pay or leave on half pay or both earned by him, half the period of such leave shall be debited to his leave account.

(h) Leave salary during such leave shall be equal to:-

(1) full pay for first four months of such leave including the period of such leave granted under clause(e) of this subrule;

(2) half pay for the remaining period but if the employee takes leave in exchange of leave on full pay at his credit under this clause the leave salary shall be equal to full pay.

(i) In the case of a person to whom the workmen’s Compensation Act, 1923, applies, the amount of leave salary payable under this regulation shall be reduced by the amount of compensation payable under clause (d) of sub-section(1) of section 4 of the Act.

Note : The limit of leave on average pay under these rules on “regular leave” if combined with special disability leave, may extend to eight months and to ten months if taken on medical certificate.

(2) The application of the foregoing provision of sub-rule

(1) may be extended to an employee who is disabled by injury accidentally in, or in consequence, of, the due performance of his official duties or in consequence of his official position or by illness incurred in the performance of any particular duty which has the effect of increasing his liability to illness or injury beyond his ordinary risk attaching to the post which he holds. The grant of this concession is subject to further conditions, namely:-

(a) that the disability, if due to disease, must be certified by a Medical Board, to be directly due to the performance of the particular duty;

(b) that, if the employee contacted such disability during service it must be, in the opinion of the competent authority, so exceptional in character or in the circumstances of its occurrence as to justify such unusual treatment as the grant of this form of leave; and

(c) that the period of absence recommended by medical officer or any other medical authority so specified may be covered in part by leave under this rule and in part by other leave,. and that the amount of special disability leave granted on full pay may be less than four months.

Bangladesh Bank Building in Motijheel commercial area, Dhaka

 

6. Study Leave

(1) Study leave on half pay not debitable to leave account for a maximum period of two years during the whole service may be granted by the Governor to an employee who is in continuous service for a period of five years or more to enable him to study scientific, technical or similar problems or to undergo a special course of instruction, in or out of Bangladesh, on such terms and conditions as the Governor may specify.

(2) Such study leave may be granted by the Governor in exceptional cases only when the particular course of study or training is considered absolutely necessary for due discharge of his official duty and the particular field of study or training is not covered by any training scheme offered by any institution, University or any international aid giving agency or foreign Government in Bangladesh.

(3) Study leave combined with other kinds of leave, except leave without pay, shall not exceed thirty six months, any period in excess of the above shall be treated as leave without pay provided that the total period of leave including leave without pay shall not normally exceed five years.

Note : If any employee wants to go abroad for study or training on his own accord he cannot claim study leave. If,. however, the Governor thinks that the particular field of study has relation to his official duties and he can be spared, he may be allowed ordinary leave, including leave without pay, admissible under the rules.

7. Quarantine leave

Quarantine leave in leave of absence from duty necessitated by orders not to attend office in consequence of the presence of infectious disease in the family or household of an employee. such leave may be granted by the competent authority on the certificate of the authorized medical or public health officer for a period not exceeding 21 days or in exceptional circumstances, 30 days.

Any leave necessary for the purpose exceeding this period shall be treated as ordinary leave as may be due. quarantine leave may also be granted, where necessary, in continuation of other leave subject to the maximum amount of leave admissible under this rule. No substitute shall be appointed in place of an employee absent on quarantine leave. an employee on quarantine leave is not treated as absent from duty.

Note : Cholera, Small-pox, Plague, Diphtheria, typhus fever, Measles, Mumps and Cerebro-spinal Meningitis may be considered as infectious disease for the purpose of this regulation. In the case of chicken-pox, quarantine leave shall not be granted unless the certifying authority considers that because of doubt as to the nature of the disease(whether chicken pox or small pox) there is reason for the grant of such leave.

Bangladesh Bank Building in Motijheel commercial area, Dhaka

8. Maternity leave

(1) Where a female employee of the bank applies for maternity leave, the competent authority shall grant such leave for a period of four months from the date of commencement of the leave or her confinement for the purpose of delivery, whichever is earlier. The grant of maternity leave is however subject to the condition that the female employee has been in the service of the Bank for at least nine months immediately preceding the date of delivery.

(2) Maternity leave shall not be admissible more than twice during the tenure of service of a female employee. The maternity leave granted shall not be debited against the leave account of the female employee and shall be
entitled to receive full pay for the leave period at the rate she was drawing at the time of taking such leave. Leave of any other kind, including the amount of leave on full pay admissible without production of medical certificate, may be granted in continuation of maternity leave if the request for its grant be supported by a medical certificate.

9. Casual leave

(i) Casual leave means a leave of absence for a very short period granted to an employee who may be unable to attend duty during such period due to sudden illness or urgent private affairs.

(ii) Such leave is treated as duty for all purposes.

(iii) Casual leave may, subject to the exigencies of service, be granted to an employee by the competent authority up to a maximum of twenty days in a calendar year (but not for a period or periods exceeding 10 days at a time).

(iv) No formal order or notification need be issued for grant of casual leave nor the same is required to be shown in permanent service records (that is, Service Book, audit Register).

(v) Casual leave shall not be cumulative and may only be availed of during the calendar year to which if relates. The unspent period of casual leave not availed of during a calendar year shall lapse on the 31st December of the year.

(vi) Casual leave shall not be granted so as to cause evasion of rules regarding-

a) date of reckoning pay and allowances,

b) change of office,

c) commencement and end of leave

d) return to duty, or

e) to extend the term of leave beyond the time admissible under this rule.

(vii) Casual leave may be taken in continuation of, and in combination with holidays including Saturdays and if holidays and Saturdays intervene two spells of casual leave the entire period(including holidays) shall be reckoned as casual leave provided that the total period does not exceed the period for which casual leave is admissible and if it exceeds, the period shall be commuted into ordinary leave as may be due and if no leave is due, into leave without pay.

(viii) Casual leave cannot be combined with any other leave. In case casual leave is extended and the total period(including the period for which casual leave was originally granted) exceeds the period of which casual
leave is due and admissible in one spell, the entire period shall be commuted in to ordinary leave as may be due and into leave without pay;

if no other leave is due.

(ix) Casual leave cannot be taken in combination with joining time.

(x) Casual leave granted in one spell may cover two calendar years, provided that the maximum limit for such leave in one spell does not exceed the limit and the period falling in the month of December is covered by the balance at the credit during that year and the rest is debited against the account of casual leave for the following year.

Note : Willful extension of casual leave without sufficient reason to justify the same may be considered as misconduct for the purpose of these rules.

বাংলাদেশ ব্যাংক লোগো [ Bangladesh Bank Logo ]

10. Leave procedure

(i) On return from leave exceeding two months an Officer or above must obtain orders as to his posting. On return from leave not exceeding two months an Officer or above may normally resume the duties of the post which he held before going on leave unless he receives orders to the contrary.

(ii) The leave account of an employee shall be maintained in such form as the competent authority may specify.
(iii) The leave account of an employee shall be maintained by such officer as the competent authority may determine.
(iv) Leave of any kind to an Officer or above cannot be granted unless admissibility of the same is certified by the competent officer concerned.

If, however, the officer himself certifies, along with the application for leave that the leave applied for is due to him, the sanctioning authority, on verification from the records available with him, if satisfied as to the admissibility may sanction leave on full pay up to maximum of four months pending verification of its admissibility by the competent
authority. All other kinds of leave shall be sanctioned only after the admissibility being certified by the competent authority.

(v) Every application for leave or for an extension of leave shall be sent to the authority competent to sanction the leave through the immediate superior, if any, of the employee applying for leave. In case of an Officer or above
applying for leave not exceeding four months on full pay; application may be sent to the competent authority with a certificate from the applicant that the leave applied for is due at his credit and, in other cases, the application shall be sent to the competent authority with a certificate from the officer maintaining the leave account.

(vi) Before an employee is granted leave or extension of leave, on medical ground, he must obtain a certificate from the medical officer of the Bank or any other medical authority specified by the Bank accompanied by a statement of his case in the form to be specified in this behalf.

(vii) On securing the certificate in the specified form, the employee shall apply for the leave to the competent authority in the usual course. If the application for leave does not cover a period of more than four months in
all, the competent authority may sanction leave without further reference to any other medical authority. If, however, the total duration of leave in one spell exceeds four months, the competent authority may refer the case
for a second medical opinion.

(viii) When the case of an Officer or above is referred to the medical officer of the Bank or any other medical authority so specified, the leave or extension of leave will be granted only on the production of a certificate in
the specified form.

Note : The competent authority in doubtful cases, may, however, refer the cases of leave even for a period less than four months for second medical opinion.

(ix) The medical officer shall not recommend the grant of leave in any case in which there appears to be no reasonable prospect that the employee will ever be fit to resume duty. In such cases, the opinion that the employee is permanently unfit for service should be recorded in the medical certificate.

(x) The production of medical certificate from the medical officer of the Bank or any other medical authority so specified does not in itself confer upon the employee any right to leave. The certificate should be forwarded to the
competent authority to sanction the leave and the orders of the competent authority should be awaited.

(xi) An application for extension of leave on medical grounds by an employee on leave out of Bangladesh shall be accompanied by a certificate from two medical practitioners, duly countersigned by a Gazetted Officer of the
Bangladesh Mission, who will corroborate the signatures of the medical practitioners. The certificate must describe in full details the nature of the disease and the condition of the employee.

Bangladesh Bank Building in Motijheel Commercial Area, Dhaka

11. Consideration for granting leave

In case where all applications for leave cannot, in the interest of the service of the Bank, be granted, the competent authority shall, in deciding which application should be granted take into account the following considerations:-

(a) the employee who can, for the time being, best be spared ;

(b) the amount of leave due to the various applicants ;

(c) the amount and character of the service rendered by each applicant since he last returned from leave ;

(d) the fact that any such applicant was compulsorily recalled from his last leave ;

(e) the fact that any such applicant has been refused leave in the interest of the Bank.

12. When leave shall not be refused

When a medical officer of the Bank or any other medical authority so specified has reported that there is no reasonable prospect that a particular employee will ever be fit to return to duty, leave should not necessarily be refused to such an employee. It may be granted, if due, by a competent authority on the following conditions :-

(a) If the medical officer of the Bank or any other medical authority so specified is unable to say with certainty that the employee will never be fit for service, leave not exceeding twelve months in all may be granted. Such leave should not be extended without reference to a second medical opinion or to a medical committee if so specified by the Bank.

(b) If the medical committee declares the employee to be completely and permanently incapacitated for further service, the employee should, except as provided in clause (c), be invalidated from the service, either on the expiration of the leave already granted to him, if he is on leave when examined by the committee or if he is not on leave, from the date of the committee’s report.

(c) An employee declared by a medical committee to be completely and permanently incapacitated may, in special cases, be granted leave, or an extension of leave, not exceeding six months as debited against the leave account , if such leave be due to him.

Special circumstances justifying such treatment may be held to exist when the employee’s breakdown in health has been caused in and by the service in the Bank, or when the employee has taken a comparatively shall amount of leave during his service or will complete at an early date an additional year’s service for retirement, gratuity or pension (if applicable).

Note: A report from a medical officer shall be accepted for the purpose of leave under this regulation in cases where such a certificate is deemed sufficient for granting invalid pension (in applicable).

13. Leave should not be granted to an employee who ought at once to be dismissed from the service of the Bank for misconduct or general incapacity.

14. Any breach of these rules may entail punishment under the regulation 44 of the Bangladesh Bank Staff Regulations, 2003.

Read more:

THE BANGLADESH BANK EXPENDITURE REGULATIONS, 1977

THE BANGLADESH BANK EXPENDITURE REGULATIONS, 1977

THE BANGLADESH BANK ( EXPENDITURE) REGULATIONS, 1977
(Incorporated amendments up to October, 2003)

বাংলাদেশ ব্যাংক লোগো [ Bangladesh Bank Logo ]

THE BANGLADESH BANK EXPENDITURE REGULATIONS, 1977

In exercise of the powers conferred by Article 82 of the Bangladesh Bank Order, 1972 (P.O. No.127 of 1972 ) and in supersession of the State Bank of Pakistan (Expenditure) Regulations, 1961, the Board of Directors of the Bangladesh Bank, with the approval of the Government, is pleased to make the following regulations, namely :

1. Short title and commencement

(1) These regulations may be called the Bangladesh Bank (Expenditure) Regulations, 1977.
(2) They shall come into force at once.

2. Definitions

In these regulations, unless there is anything repugnant in the subject or context,-

(a) “General Manager of Accounts and Budgeting“ means the General Manager of Accounts and Budgeting Department of the Bank and includes the Deputy General Manager, Joint Director, Deputy Director and Assistant Director of Accounts and Budgeting Department;

(b) “General Manager of Expenditure Management Department“ means the General Manager of Expenditure Management Department of the Bank and includes the Deputy General Manager, Joint Director, Deputy Director and Assistant Director of Expenditure Management Department;

(c) ”General Manager, Common Services Department” means the General Manager, Common Services Department of the Bank and includes the Deputy General Manager, Joint Director, Deputy Director and Assistant Director of
Common Services Department;

(d) ”General Manager, Department of Currency Management and Payment Systems” means the General Manager, Department of Currency Management and Payment Systems of the Bank and includes the Deputy General Manager,
Joint Director, Deputy Director and Assistant Director of Department of Currency Management and Payment Systems.

(d) ”General Manager of an Office or branch” means the General Manager of an office or branch of the Bank which may for the purpose of the regulations and includes an officer who is placed in charge of any portion of the Bank’s
employees which constitute a separate unit for accounting purposes; and

(e) “Head Office” means the Head office of the Bank.

3. Exercise of the Powers

(1) The powers conferred on the Governor under these regulations may, subject to such conditions and limitations, if any, as may be specified by the Governor, be exercised by a Deputy Governor.

(2) The Executive Director may, subject to such conditions and limitations, if any, as may be specified by the Governor, exercise such powers under these regulations as he may be authorised by the Governor from time to time.

(3) The Governor may, subject to such conditions as he may consider necessary, authorise in writing any officer of the Bank to exercise the powers of the General Manager of Accounts and Budgeting Department or the General Manager of Expenditure Management Department or the General Manager of Common Services Department or the General Manager of an office or branch.

4. Form of Accounts

Subject to the provisions of the Bangladesh Bank Order, 1972 ( P.O. No.127 of 1972 ) and the regulations made thereunder, the accounts of the Bank shall be maintained in such manner as the Governor may, from time to time, prescribe.

5. Limitations of Regulations

Nothing in the following regulations shall apply to the investing of the funds of the Bank in the purchase or sale of securities, advances, purchases and sales of foreign exchange and the banking business or to the payment of commission, brokerage and other regular charges in connection with the same, orders in regard to which shall issue
from the Governor, who may delegate the powers to invest the funds of the Bank and to perform other banking functions to any official of the Head office and General Manager of an office or branch, either specifically or by general instructions subject to such restrictions or limitations as the Board may impose.

6. Premises

(1) The purchase, sale, leasing and construction of all premises required for office use or residential purposes shall require specific sanction of the Board.
Provided that-

(a) subject to such conditions as may be laid down by the Board in each specific case, the Governor may sanction the leasing of premises required for office use the rent of which does not exceed Taka 30,000/- per month; and

(b) the Governor may sanction lease of premises required for residential purposes of the Bank’s employees subject to ceilings and other conditions prescribed by the competent authority.

(2) Expenditure on additions to any premises may be sanctioned by the Board.

7. Furniture and Electric Installation

(1) Expenditure on furniture and electric installations at office and residence in excess of the sum of Taka 6,00,000/- in any one instance requires the sanction of the Board.

(2) Expenditure on furniture and electric installations at office and residence upto the sum of Taka 6,00,000/- in any one instance may be sanctioned by the Governor.

(3) Expenditure on furniture and electric installations at office and residence upto the sum of Taka 2,00,000/- in any one instance may be sanctioned by the General Manager of Expenditure Management Department, General Manager of Common Services Department and General Manager of an office or branch.

8. Mechanical equipments and motor vehicles

(1) General Manager of Expenditure Management Department, General Manager of Common Services Department and General Managers of an office or branch may incur expenditure on mechanical equipment and motor vehicles upto the sum of Taka 2,00,000/-, in any one instance.

(2) Expenditure on Mechanical equipments and motor vehicles in excess of Taka 2,00,000/- and upto Taka 6,00,000/- in any one instance requires the sanction of the Governor.

(3) Expenditure on mechanical equipments and motor vehicles in excess of Taka 6,00,000/- requires the approval of the Board.

9. Dead Stock Account Writing off

(1) General Manager of Expenditure Management Department and General Manager of an Office or branch may sanction up to the Book value of Taka 10,000/- on Deadstock account writing off at the time of selling.

(2) Sale of motor vehicles and motorcycles and writing off losses, if any, resulting from such sales shall be authorised by the Governor.
Notes:

(1) General Contracts for the maintenance and repairs of mechanical equipment require the sanction of the General Manager of Expenditure Management Department or General Manager, Common Services Department, as the case
may be.

(2) All expenditure incurred on repairs must be debited to Charges Account under the heading “Repairs to Bank`s property“.

10. Printed Books, Forms, Registers, etc.

Stationery articles including printed books, forms, registers etc. required by the Bank shall be procured by the Offices according to their need. Stationary articles other than printed materials required by the Head Office shall be procured by the Expenditure Management Department or Common Services Department, as the case may be. Printed books, forms, registers etc. required by the Head Office shall be supplied by the Bank’s Motijheel Office by debiting Head Office.

11. Security Printing (Cheques, drafts, note forms, etc.)

Currency note forms, cheque forms, draft forms and other security documents which are supplied by an approved security printing Agency shall be indented for through the General Manager, Department of Currency Management and Payment Systems who is authorised to pay the cost thereof at the rates approved by the Governor.

12. Salalries

The General Manager of Expenditure Management Department and the General Managers of other offices are authorised to pay monthly salaries and allowances to the employees at the Head office and offices respectively in accordance with the sanctioned strength and prescribed scales.

13. Overtime allowance

Sanction for working overtime, in case of the employees of Head Office, shall be accorded by the Executive Director of the concerned Department except for the block overtime of Cash Department of branches where such sanction will be accorded by the General Manager, Department of Currency Management and Payment Systems of Head Office. However, General Managers of branch offices are authorised to allow the employees to resort to overtime work (except block overtime of Cash Department) as and when the necessity for overtime work arises.

The General Manager of Expenditure Management Department and the General Managers of branch offices are authorised to pay overtime allowance to the employees according to the rates approved by the Board.

14. Provident Fund and Pension Fund

The banks contribution, if any, to the various funds of which employees are members shall be paid by the General Manager, Expenditure Management Department and the General Managers of branch offices, as the case may be, in respect of all the employees in their respective jurisdictions according to the scales laid down under the Regulations
and Agreements governing such funds.

15. Gratuities and compassionate allowances

(1) Any expenditure relating to the payment of gratuities and compassionate allowance requires the specific sanction of the Board.

(2) The powers to sanction the payment of gratuities and compassionate allowance conferred on the Board under sub-regulation (1) may, subject to such conditions and limitations, if any, as may be specified by the Board, be exercised by the Governor.

16. Temporary Employees

The salaries and allowances of temporary employees engaged in accordance with the terms for the recruitment of such employees shall be paid monthly by the General Manager of Expenditure Management Department and the General Manager of an office or branch, as the case may be.

17. Rent, rates, taxes and Group Insurance Premia

The General Manager of Expenditure Management Department and the General Managers of other offices shall pay-

(a) the rent, rates and taxes of premises occupied by the Bank in accordance with the terms of the relevant leases or agreements which have received the sanction of the competent authority under regulation 6 ;

(b) rates and taxes on the scale applicable to the Bank’s property;

(c) where the employees are entitled under their terms and conditions of service to receive their salaries free of income tax, the amount of tax due to the Government;

(d) premia on Group Term Insurance policies of the employees taken with the approval of the Board.

18. Insurance

The Bank’s premises and their contents shall be insured against loss or damage by fire or earthquake or both fire and earthquake in accordance with the instructions issued by the Governor and the premia on the relative policies shall be paid as they fall due by the General Manager of Common Services Department, or the General Managers of other
offices, as the case may be.

19. Electric Charges

Bills in respect of the electricity consumed in the Bank’s office premises may be paid on presentation by the General Manager of Expenditure Management Department or the General Managers of branch offices. Separate meters shall be installed to register consumption in residential quarters and the relative cost, including meter rent, shall be borne by the occupants. Where an officer is required to stay in a particular premises provided by the Bank, cost of bulbs in the premises shall be borne by the occupant.

20. Bank`s Guards

The cost of Guards furnished for the protection of the Bank’s property may be paid by the General Managers of branch offices on receipt and verification of relative bills. The fixation of initial strength and any increase therein requires the approval of the General Manager of the Department of Currency Management and Payment Systems.

21. Depreciation of property

Depreciation of property is a book transfer from Dead Stock Account to Charges Account and may be effected by the General Manager of Expenditure Management Department or the General Manager of Common Services Department or the General Managers of branch offices, as the case may be, in accordance with the scales approved by the Board.

22. Repairs to Bank’s property and repairs to buildings leased by the Bank

(1) Expenditure on repairs to Bank’s property and buildings leased by the Bank in excess of the sum of Taka. 6,00,000/- in any one instance requires the sanction of the Board.

(2) Expenditure on repairs to Bank’s property and buildings leased by the bank up to the sum of Taka.6,00,000/- in any one instance may be sanctioned by the Governor.

(3) Expenditure on repairs to Bank’s property and buildings leased by the bank up to the sum of Taka 2,00,000/- in any one instance may be sanctioned by the General Manager of Expenditure Management Department, General Manager of Common Services Department and General Managers of branch Offices as the case may be.

(4) In case of biennial repairs, General Manager of Expenditure Management Department or General Manager of Common Services Department or General Managers of branch offices, as the case may be, may sanction expenditure at actuals but not exceeding Taka 5,00,000/= when the contract is awarded on the basis of tender.

23. Law charges

(1) Except in any emergency (when the Governor must be immediately fully advised of the action taken), no legal proceedings may be instituted or defended without the prior approval of the Governor.

(2) The general law business of the Bank shall be conducted at the Head Office and except when legal advice or action is of such urgency that time does not permit prior references being made, Lawyers shall not be employed without the prior approval of the Governor. The terms and conditions subject to which lawyers may be engaged including the rates of their fees, shall be determined by the Governor.

(3) Law charges incurred in terms of the sanction given by the Governor may be paid by the General Manager of Expenditure Management Department and General Managers of branch offices on receipt and verification of the relative bills.

(4) General Manager of Expenditure Management Department and General Managers of branch offices are authorised to meet expenditure upto a sum of Taka 5,000/- in any one case, representing miscellaneous expenses, such as copying fee and court fee and to appoint lawyers at the fee fixed by Head Office each year from the approved panel of lawyers.

24. Postages and telegrams

Expenditure on postages and telegrams may be incurred by the offices.

25. Stationery

(1). The value of stationery articles is a book transfer from Stationery Account to Charges Account, being the cost of stationery articles consumed in an office.

(2) Purchase of stationery articles by the General Managers of branch offices shall be debited to the Charges Account.

26. Directors fees and expenses

Payment of Director’s fees and expenses may be made by the General Manager of Expenditure Management Department or the General Managers of branch offices in accordance with the scale laid down in the Bank’s General Regulations and resolutions of the Board.

27. Auditors fees

Auditor’s fees may be paid by the the General Manager, Accounts and Budgeting Department on the basis of remuneration fixed by the Government.

28. Agency charges

Agency charges may be paid by the General Manager, Accounts and Budgeting Department in terms of the agreements entered into between the Bank and the institutions for the conduct of agency business.

28 A. I.M.F. Charges, interest subsidy to Banks etc.

(1) The General Manager, Accounts and Budgeting Department shall pay-
(a) service and other charges to the International Monetary Fund in accordance with the terms and conditions set forth by the said Fund from time to time;

(b) interest subsidy to banks and other financial institutions in accordance with the decision taken by the Bank from time to time and

(c) interest on deposits to foreign banks or other institutions in accordance with the terms of agreement of such deposits.

(2) The General Manager, Expenditure Management Department shall pay interest on balances of Staff Provident Fund at the rate fixed under the Provident Fund Regulations from time to time.

29. Books and newspapers

(1) General Manager of Expenditure Management Department and General Managers of branch offices are authorised to subscribe to newspapers and financial journals as per their discretion.

(2) Expenditure on the purchase of books up to the sum of Taka 50,000/- may be sanctioned by the General Manager of the Expenditure Management Department and General Manager of other offices at their discretion.

(3) Expenditure on purchase of books up to the sum of Taka. 3,00,000/- for anyone office and up to Taka 6,00,000/- for Head office in any one financial year requires the sanction of the Governor.

(4) Expenditure on the purchase of books in excess of the limits mentioned in sub regulation (3) requires the sanction of the Board.

30. Advertisement

Expenditure on advertisement requires sanction of the Governor. However, the Governor may authorise the General Manager of Expenditure Management Department and General Managers of branch offices to incur advertisement charges for disposal of old furniture, vehicles and other things subject to such terms and conditions as may be
prescribed from time to time.

31. Travelling expenses and halting allowances

Payment of traveling expenses and halting allowances of the employees of Head Office may be made by the General Manager, Expenditure Management Department in accordance with the scales and other conditions laid down in the regulations governing the terms and conditions of service of the employees. General Managers of branch Offices may sanction and pay, on the same conditions, travelling expenses and halting allowance of the employees working under them and also their own bills when the tour has been approved by the Head Office.

32. Telephones

(1) The number of telephone lines for each office and branch and the Head Office as also for residence of officials shall be fixed by the General Manager, Expenditure Management Department . The number of telephone at the residence of officials shall not exceed one.

(2) Bills in respect of telephones so installed may be paid by the General Manager, Expenditure Management Department or General Managers of branch offices after usual verification.

33. Medical fees

(1) The terms on which the services of the Medical officers and Medical Advisers are retained for the benefit of the Employees and their families require the sanction of the Governor. Expenditure incurred on the maintenance of Bank’s Dispensaries and Hospitals in accordance with the approved schemes may be paid by the General Manager, Expenditure Management Department and General Managers of branch Offices.

(2) Subject to the provisions of sub regulation (3), the cost of other medical attendance and treatment incurred by the employees for themselves and their family members may, subject to such terms and conditions as may be prescribed by the Governor, be reimbursed to them on merits by —

(a) General Managers of branch offices in case of employees working under them;

(b) General Manager, Expenditure Management Department, in the case of all employees of the Head Office and in case where the General Managers of branch offices are not competent except in the cases of the General Manager, Expenditure Management Department himself, Executive Directors and above; and

(c) Governor, in cases where the General Manager, Expenditure Management Department is not competent.

3) All costs of medical attendance and treatment not conforming to the scheme approved by the Governor shall require his approval for reimbursement.

34. Passages

General Manager of Expenditure Management Department or General Managers of branch offices may give permission to avail of leave and retirement fare concession and authorise payment of travelling bills in accordance with terms and conditions laid down in the regulations governing the terms and conditions of service of the employee concerned.

35. Remittance of treasure:

(1) The cost of remittances incurred in offices under the subsidiary headings (a) Insurance, (b) Railway, Air and Steamer Fares, (c) Railway, Air and Steamer Freight, (d) Potdar’s Allowance, (e) Hire or purchase of boxes, (f) Cartage and Cooly Hire; and (g) Not Enumerated may be paid by the General Managers of branch offices on the scales laid down in the Issue Department Manual and the regulations governing the terms and conditions of service of the employee concerned.

(2) The cost of remittances incurred by the Treasuries under the subsidiary headings mentioned in sub-regulation (1) and the pay and allowances of Treasury potdars and police escorts shall be recovered through the Accountant General from the Head office and shall be paid by the General Manager, Department of Currency Management and Payment Systems according to the scales laid down in the various Government Codes and Manuals governing such expenditure.

(3) The cost of remittances incurred by the agencies of the Bank may be reimbursed to them by the General Manager, Department of Currency Management and Payment Systems on such terms and conditions and on such rates as may be agreed to between the Bank and the agencies in this regard.

(4) Agreements where entered into for the insurance, packing or cartage or both packing and cartage of remittance to and from the chests, shall be approved by the General Manager, Department of Currency Management and Payment
Systems.

36. Cartage and Cooly Hire

The expenditure incurred in connection with the receipt of note forms and coins and removal thereof from one place to another in any office is debitable to cartage and cooly hire heading. These charges may be paid by the General Managers of branch Offices in accordance with the rates prescribed in the agreement with the Cooly contractors. Such agreements being first approved by the General Manager, Department of Currency Management and Payment Systems.

37. Issue Department Stores

(1) Expenditure on purchase of Issue Department Stores up to the sum of Taka 1,00,000/- in any one instance may be sanctioned by the General Manager, Expenditure Management Department and General Managers of branch Offices.

(2) Expenditure on purchase of Issue Department stores upto the sum of Taka 5,00,000/- in any one instance may be sanctioned by the Governor.

(3) Expenditure on purchase of Issue Department stores in excess of the sum of Taka 5,00,000/- in any one instance may be sanctioned by the Board.

38. Uniforms

The scales and the terms and conditions subject to which and the category of employees to whom, summer and winter uniforms may be supplied shall be fixed by the Governor. The cost of supply of uniforms at the scales approved by the Governor shall be paid by the General Manager, Expenditure Management Department and General
Managers of branch Offices.

39. Training/Study

Expenditure incurred in connection with local training/study of employees may be sanctioned by the Governor.

40. Miscellaneous expenses -Not Enumerated

Any Expenditure for which no express provision has been made in these regulations shall be classified as “Miscellaneous expenses – Not Enumerated” and such expenditure may be incurred by –

(a) General Managers of branch offices up to Taka 1,00,000/- in any one instance;

(b) The General Manager, Expenditure Management Department and the General Manager, Common Services Department up to Taka 1,00,000/- in any one instance;

(c) The Governor up to Taka 5,00,000/- in any one instance;

(d) The Board of Directors in cases where the sum is in excess of Taka 5,00,000/- in any one instance.

A N N E X U R E

Delegation of Power/Authority

1. In terms of Regulation 3(1) of the Bangladesh Bank (Expenditure) Regulations, 1977, governor has been pleased to authorise the Deputy Governor to exercise his power under Regulation 15(2) of the aforesaid Regulations.
(Ref: Administrative Circular No. 11 dated 22 May, 2003).

2. In terms of Regulation 3(2) of the Bangladesh Bank (Expenditure) Regulations, 1977, Governor has been pleased to authorise the Executive Director, In-charge of Expenditure Management Department to exercise all his powers under the aforesaid Regulations except those in Regulation 33(3).
(Ref: Administrative Circular No. 18 dated 03 August, 1977).

3. In terms of Regulation 3(2) of the Bangladesh Bank (Expenditure) Regulations, 1977, Governor has been pleased to authorise the Executive Director, In-charge of Common Services Department to exercise all his powers under the aforesaid Regulations except those in Regulation 33(3).
(Ref: Administrative Circular No. 09 dated 27 April, 2003).

4. In terms of Regulation 3(2) of the Bangladesh Bank (Expenditure) Regulations, 1977, Governor has been pleased to authorise the Executive Director, In-charge of Exchange Control Policy Department and Exchange Control Investment Department to exercise powers under Regulations 23(1) and 23(2) of the Bangladesh Bank (Expenditure)
Regulations, 1977 in respect of legal proceedings to be instituted/defended under the Foreign Exchange Regulations Act, 1947 only.
(Ref: Administrative Circular No. 11 dated 29 April, 1986).

5. In terms of Regulation 3(2) of the Bangladesh Bank (Expenditure) Regulations, 1977, Governor has been pleased to authorise the Executive Director, In-charge of Secretary’s Department to exercise powers under Regulation 40 of the aforesaid Regulations to sanction up to Taka 75,000.00 in one instance.
(Ref: Administrative Circular No. 10 dated 27 April, 1998).

6. In terms of Regulation 3(3) of the Bangladesh Bank (Expenditure) Regulations, 1977, Governor has been pleased to authorise the General Manager of Expenditure Management Department, Head Office and the General Managers of branch offices to exercise powers under Regulation 30 to sanction the cost of advertisement of their own offices.

However, copy of advertisement should be forwarded for publication to the media through the General Manager, Public Relations & Publication Department of Head Office.

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Dhaka Wanderers, Agarani Bank share point in BCL

Dhaka Wanderers, Agarani Bank share point in BCL

Dhaka Wanderers, Agarani Bank share point in BCL : Dhaka Wanderers Club came from behind, forced Agrani Bank Limited Sporting Club to play a 1-1 goal draw in the Bashundhara Group Bangladesh Championship League football held today (Friday) at Birshreshtha Shaheed Sepoy Mohammad Mostafa Kamal Stadium in the city’s Kamalapur.

In the proceeding, Nazmul put Agrani Bank Limited ahead in the 18th minute while after the breather Minhaz leveled the margin for Dhaka Wanderers Club scoring a goal in the 89th minute of the match. Dhaka Wanderers Club (Bengali: ঢাকা ওয়ান্ডারার্স ক্লাব) is a football team from Dhaka, Bangladesh.

[ Dhaka Wanderers, Agarani Bank share point in BCL ]

They are one of the oldest clubs in Bangladesh and currently compete in the Bangladesh Championship League (BCL)

Dhaka Wanderers Club was Founded in 1937, The club was first known as Muslim Wanderers, until it became Dhaka Wanderers over time as a bunch of sports-lovers from Old Dhaka brought the club into a prominent position in the local sports arena. Under the teams president Abdul Gaffar who came from the Nawab’s of Dhaka, they became a popular name in Bengali football after its debut in the Dhaka football scene in 1937. With the help of Gafur Beluch, Maznur Hasan and Santu, Wanderers lifted the first-division trophy 5 times.

Before Bangladesh’s independence in 1971, Wanderers produced local talents like Nabi Chowdhury, Amir Jang Ghaznabi, Ashraf Chowdhury, Chihla Mong Chowdhury Mari, Manzur Hasan Mintu, Zakaria Pintoo and Wazed Gazi to only name a few. The club’s most prominent players Mong Chowdhury got the chance to represent the Pakistan national team and defender Zakaria Pintoo later went on to become the captain of the Shadhin Bangla Football Team.

Including their first league trophy in 1950, the club won a total of 7 Dhaka League titles from 1950 to 1970. The historic club also won the league every season from 1950 to 1956. Wanderers are the only club from Bangladesh to win the IFA Shield, however, like all their other achievements the trophy was lost burnt during a local riot. During the fifties and sixties, the Wanderers and Mohammedan rivalry was the biggest and most anticipated game in Bengali football.

Nonetheless, overtime after the Independence of the nation in 1971, the rivalry had lost its presence, as the club moved to the second division in the nineties, losing its huge support base and popularity all over the country. Former Bangladesh prime minister Bangabandhu Sheikh Mujibur Rhaman was also a regular player at the club during the early 40s and 50s. It was under his captaincy, Wanderers won the Bogura Cup and in the final, Bangabandhu also managed to score a brace, leading his side to a 5–0 victory.

Source: DHAKA, March 11, 2022 (BSS)

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PM Sheikh Hasina today proposed the FAO to establish International Seed Bank

World Bank on Monday approved an additional $489-mil in support for Ukraine

The World Bank on Monday approved an additional $489-million package in support for Ukraine, to be made available immediately and dubbed “Financing of Recovery from Economic Emergency in Ukraine,” or “FREE Ukraine.”

World Bank Main Complex

On March 1, the Washington-based institution announced it was preparing emergency aid worth $3 billion for Ukraine, of which at least $350 million were to be released immediately. The board of directors decided to disburse an even larger amount on Monday.

“The package approved by the Board consists of a supplemental loan for $350 million and guarantees in the amount of $139 million,” it said in a statement.

[ World Bank on Monday approved an additional $489-mil in support for Ukraine ]

“The fast-disbursing support will help the government provide critical services to Ukrainian people, including wages for hospital workers, pensions for the elderly, and social programs for the vulnerable,” it said.

The World Bank, Washington DC

The bank said it was “also mobilizing grant financing of $134 million and parallel financing of $100 million, resulting in total mobilized the support of $723 million.”

The World Bank specified that the Netherlands and Sweden were both contributing significant sums to the package, providing up to $89 million and $50 million dollars respectively.

The lender said it has also set up a “multi-donor trust fund (MDTF) to facilitate channelling grant resources from donors to Ukraine, with contributions from the UK, Denmark, Latvia, Lithuania, and Iceland in the amount of $134 million thus far.”

It called on members to provide other grants to beef up funding.

Twelve days of war have left hundreds of civilians dead and thousands more injured in Ukraine.

More than 1.7 million people have fled the country since the start of the Russian invasion on February 24, more than half of whom have taken refuge in Poland, according to UN tallies.

Source: WASHINGTON, March 8, 2022 (BSS/AFP)

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Deutsche Bank pulls out of Russia in protest of Moscow’s invasion of Ukraine

Deutsche Bank pulls out of Russia: Germany’s biggest lender Deutsche Bank said Friday it was following other international companies in shutting down its operations in Russia in protest of Moscow’s invasion of Ukraine.

“Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining business in Russia while we help our non-Russian multinational clients in reducing their operations. There won’t be any new business in Russia,” the bank said in a statement.

Deutsche Bank Taunusanlage

“We condemn the Russian invasion of Ukraine in the strongest possible terms and support the German government and its allies in defending our democracy and freedom.”

It said it had already “substantially reduced” its exposure in Russia since 2014, when Russia invaded Crimea. It said in a previous statement it valued its gross exposure to loans in Russia at 1.4 billion euros ($1.5 billion).

[ Deutsche Bank pulls out of Russia in protest of Moscow’s invasion of Ukraine ]

Deutsche Bank also has a technology centre in Russia employing 1,500 computer specialists. Among other international companies to have announced they are quitting Russia are the US banks Goldman Sachs and JPMorgan Chase.

Deutsche Bank building Sydney

Russia invaded Ukraine on February 24, sparking heavy international sanctions.

Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.

The bank’s network spans 58 countries with a large presence in Europe, the Americas, and Asia. As of 2020, Deutsche Bank was the 21st largest bank in the world by total assets and 63rd in the world by market capitalization. As the largest German banking institution, it is a component of the DAX stock market index. It is considered a systemically important bank by the Financial Stability Board.

Share of the Deutschen Bank und Disconto-Gesellschaft, issued March 1932

The company is a universal bank with four major divisions: Investment Bank, Corporate Bank, Private Bank and Asset Management (DWS). Its investment banking operations often command substantial deal flow.

According to the New Yorker, Deutsche Bank has long had an “abject” reputation among major banks, as it has been involved in major scandals across different issue areas.

Source : BERLIN, March 12, 2022 (BSS/AFP)

 

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Banking Gurukul, GDCN

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