{"id":86282,"date":"2025-02-13T19:19:07","date_gmt":"2025-02-13T19:19:07","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/privilege-leave-pl-in-banks-complete-guide-under-the-12th-bipartite-settlement\/"},"modified":"2025-02-13T19:19:07","modified_gmt":"2025-02-13T19:19:07","slug":"privilege-leave-pl-in-banks-complete-guide-under-the-12th-bipartite-settlement","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=86282","title":{"rendered":"Privilege Leave (PL) in Banks: Complete Guide Under the 12th Bipartite Settlement"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p data-start=\"169\" data-end=\"592\">For bank employees, managing work-life balance is crucial, and <strong data-start=\"232\" data-end=\"256\">Privilege Leave (PL)<\/strong> plays a significant role in ensuring that. Unlike <strong data-start=\"307\" data-end=\"328\">Casual Leave (CL)<\/strong>, which is meant for short, unplanned absences, or <strong data-start=\"379\" data-end=\"398\">Sick Leave (SL)<\/strong>, which is strictly for medical reasons, PL is a type of <strong data-start=\"455\" data-end=\"471\">earned leave<\/strong> that employees accumulate over time and can use for vacations, personal commitments, or even encashment at retirement.<\/p>\n<p data-start=\"594\" data-end=\"1000\">PL is not just a benefit\u2014it\u2019s a <strong data-start=\"626\" data-end=\"635\">right<\/strong> that employees earn with their service. Under the 12th Bipartite Settlement, banks have clear policies on how PL is accumulated, availed, rejected, or encashed. Additionally, recent court rulings have reaffirmed that leave encashment is an employee\u2019s property, making it even more important for bank employees to understand their rights regarding PL.<\/p>\n<p data-start=\"1002\" data-end=\"1338\">This blog will serve as a <strong data-start=\"1028\" data-end=\"1046\">complete guide<\/strong> to PL in banks, covering:<\/p>\n<ul>\n<li data-start=\"1002\" data-end=\"1338\">How PL is accumulated and used.<\/li>\n<li data-start=\"1002\" data-end=\"1338\">Can your boss reject your leave?<\/li>\n<li data-start=\"1002\" data-end=\"1338\">PL encashment on <strong data-start=\"1167\" data-end=\"1202\">resignation, VRS, or retirement<\/strong>.<\/li>\n<li data-start=\"1002\" data-end=\"1338\">Recent <strong data-start=\"1215\" data-end=\"1234\">court judgments<\/strong> protecting leave encashment rights.<\/li>\n<li data-start=\"1002\" data-end=\"1338\"><strong data-start=\"1275\" data-end=\"1293\">RBI guidelines<\/strong> on <strong data-start=\"1297\" data-end=\"1316\">mandatory leave<\/strong> for bank employees.<\/li>\n<\/ul>\n<p data-start=\"1340\" data-end=\"1363\">Let\u2019s get started!<\/p>\n<h2 data-start=\"0\" data-end=\"42\">1. PL Accumulation &amp; Eligibility<\/h2>\n<p data-start=\"44\" data-end=\"327\">Privilege Leave (PL) is not granted all at once; it is <strong data-start=\"99\" data-end=\"119\">earned over time<\/strong> based on the number of days an employee has worked. The <strong data-start=\"176\" data-end=\"205\">12th Bipartite Settlement<\/strong> outlines clear rules on how PL is accumulated, who is eligible, and the maximum number of PL days an employee can hold.<\/p>\n<h3 data-start=\"329\" data-end=\"362\">How is PL Accumulated?<\/h3>\n<p data-start=\"363\" data-end=\"468\">PL is credited based on <strong data-start=\"387\" data-end=\"410\">actual working days<\/strong>, excluding certain types of leave. Here\u2019s how it works:<\/p>\n<ul data-start=\"470\" data-end=\"709\">\n<li data-start=\"470\" data-end=\"541\">Employees earn 1 day of PL for every 11 days of active service.<\/li>\n<li data-start=\"542\" data-end=\"647\">This means that in a full year (assuming no extended leaves), an employee can earn <strong data-start=\"627\" data-end=\"644\">30 days of PL<\/strong>.<\/li>\n<li data-start=\"648\" data-end=\"709\">PL is credited <strong data-start=\"665\" data-end=\"677\">annually<\/strong> at the beginning of the year.<\/li>\n<\/ul>\n<h3 data-start=\"711\" data-end=\"740\">Eligibility for PL<\/h3>\n<ul data-start=\"741\" data-end=\"1012\">\n<li data-start=\"741\" data-end=\"823\">An employee becomes eligible for PL after completing<strong data-start=\"763\" data-end=\"820\"> 11 months of service<\/strong>.<\/li>\n<li data-start=\"824\" data-end=\"925\">Part-time bank employees working on <strong data-start=\"862\" data-end=\"877\">scale wages<\/strong> are also eligible for PL on a pro-rata basis.<\/li>\n<li data-start=\"926\" data-end=\"1012\">Employees <strong data-start=\"938\" data-end=\"954\">on probation<\/strong> may not be eligible to avail PL but will accumulate it.<\/li>\n<\/ul>\n<h3 data-start=\"1014\" data-end=\"1054\">Maximum PL Accumulation Limit<\/h3>\n<ul data-start=\"1055\" data-end=\"1284\">\n<li data-start=\"1055\" data-end=\"1109\">Employees can accumulate up to <strong data-start=\"1088\" data-end=\"1100\">270 days<\/strong> of PL.<\/li>\n<li data-start=\"1110\" data-end=\"1209\">However, at the time of <strong data-start=\"1136\" data-end=\"1165\">retirement or resignation<\/strong>, PL encashment is capped at<strong data-start=\"1184\" data-end=\"1206\"> 255 days<\/strong>.<\/li>\n<li data-start=\"1210\" data-end=\"1284\">Any additional leave beyond this limit will <strong data-start=\"1256\" data-end=\"1281\">lapse if not utilized<\/strong>.<\/li>\n<\/ul>\n<h3 data-start=\"1286\" data-end=\"1327\">What If You Don\u2019t Use Your PL?<\/h3>\n<ul data-start=\"1328\" data-end=\"1541\">\n<li data-start=\"1328\" data-end=\"1417\">Unused PL can be <strong data-start=\"1347\" data-end=\"1366\">carried forward<\/strong> to the next year (subject to the 270-day limit).<\/li>\n<li data-start=\"1418\" data-end=\"1541\">In some cases, banks allow <strong data-start=\"1447\" data-end=\"1479\">PL encashment during service<\/strong>, but this is limited (discussed in the encashment section).<\/li>\n<\/ul>\n<p data-start=\"1543\" data-end=\"1696\">By understanding how PL is earned and stored, employees can plan their leaves wisely and maximize their financial benefits at the time of exit.<\/p>\n<hr\/>\n<p data-start=\"0\" data-end=\"45\">Get <strong data-start=\"51\" data-end=\"123\">quick banking updates, insider insights, and important policy alerts<\/strong> delivered directly to your WhatsApp!<br \/><strong data-start=\"170\" data-end=\"219\">Join the Bankpediaa Hub WhatsApp Channel Now!<\/strong><br data-start=\"219\" data-end=\"222\"\/>\ud83d\udd17 <a href=\"https:\/\/whatsapp.com\/channel\/0029Va4b33GDuMRj0KCA6L3u\" target=\"_new\" rel=\"noopener nofollow\" data-start=\"225\" data-end=\"300\">Click Here to Join<\/a><\/p>\n<hr\/>\n<h2 data-start=\"0\" data-end=\"44\">2. Availing PL: Rules &amp; Conditions<\/h2>\n<p data-start=\"46\" data-end=\"324\">Earning <strong data-start=\"54\" data-end=\"78\">Privilege Leave (PL)<\/strong> is one thing, but <strong data-start=\"97\" data-end=\"127\">taking it when you need it<\/strong> is another challenge. Bank employees must follow specific rules when applying for PL, including prior notice, limits on the number of times PL can be availed, and exceptions for medical grounds.<\/p>\n<h3 data-start=\"326\" data-end=\"362\">Notice Period Requirement<\/h3>\n<ul data-start=\"363\" data-end=\"699\">\n<li data-start=\"363\" data-end=\"437\">Employees must give a <strong data-start=\"387\" data-end=\"417\">minimum of 10 days\u2019 notice<\/strong> before taking PL.<\/li>\n<li data-start=\"438\" data-end=\"579\">The notice period was earlier <strong data-start=\"470\" data-end=\"481\">15 days<\/strong>, but it has been reduced under the <strong data-start=\"517\" data-end=\"546\">12th Bipartite Settlement<\/strong> to make leave planning easier.<\/li>\n<li data-start=\"580\" data-end=\"699\">However, in <strong data-start=\"594\" data-end=\"615\">urgent situations<\/strong>, some banks allow leave with a shorter notice period at the manager\u2019s discretion.<\/li>\n<\/ul>\n<h3 data-start=\"701\" data-end=\"738\">How Often Can You Take PL?<\/h3>\n<ul data-start=\"739\" data-end=\"988\">\n<li data-start=\"739\" data-end=\"803\">Employees can avail PL<strong data-start=\"755\" data-end=\"800\"> up to 4 times<\/strong> in a calendar year.<\/li>\n<li data-start=\"804\" data-end=\"877\">However, <strong data-start=\"815\" data-end=\"831\">one occasion<\/strong> out of these can be a single-day leave.<\/li>\n<li data-start=\"878\" data-end=\"988\">If an employee needs PL more than <strong data-start=\"914\" data-end=\"932\">4 times a year<\/strong>, special approval from higher management is required.<\/li>\n<\/ul>\n<h3 data-start=\"990\" data-end=\"1022\">PL on Medical Grounds<\/h3>\n<ul data-start=\"1023\" data-end=\"1219\">\n<li data-start=\"1023\" data-end=\"1146\">If an employee is <strong data-start=\"1043\" data-end=\"1088\">sick and requires PL for more than 4 days<\/strong>, it will not be counted under the 4-occasion limit.<\/li>\n<li data-start=\"1147\" data-end=\"1219\">A <strong data-start=\"1151\" data-end=\"1174\">medical certificate<\/strong> must be submitted to avail this exemption.<\/li>\n<\/ul>\n<h3 data-start=\"1221\" data-end=\"1257\">Intervening Holidays &amp; PL<\/h3>\n<ul data-start=\"1258\" data-end=\"1477\">\n<li data-start=\"1258\" data-end=\"1367\">If PL starts before and ends after a public holiday, the holiday is counted as<strong data-start=\"1332\" data-end=\"1364\"> part of the leave<\/strong>.<\/li>\n<li data-start=\"1368\" data-end=\"1477\">However, if an employee takes <strong data-start=\"1400\" data-end=\"1427\">only a single day of PL<\/strong>, holidays before or after are <strong data-start=\"1458\" data-end=\"1474\">not included<\/strong>.<\/li>\n<\/ul>\n<h3 data-start=\"1479\" data-end=\"1526\">Can PL Be Clubbed with Other Leaves?<\/h3>\n<p data-start=\"1527\" data-end=\"1658\">Yes! PL can be combined with:<\/p>\n<ol>\n<li data-start=\"1527\" data-end=\"1658\">Casual Leave (CL)<\/li>\n<li data-start=\"1527\" data-end=\"1658\">Sick Leave (SL)<\/li>\n<li data-start=\"1527\" data-end=\"1658\">Maternity Leave<\/li>\n<li data-start=\"1527\" data-end=\"1658\">Compensatory Offs<\/li>\n<\/ol>\n<p data-start=\"1660\" data-end=\"1791\">However, PL cannot be clubbed with <strong data-start=\"1699\" data-end=\"1759\">Special Leave or Extraordinary Leave (Leave Without Pay)<\/strong> unless management permits it.<\/p>\n<p data-start=\"1793\" data-end=\"1908\">By knowing these rules, employees can plan their vacations better and avoid unnecessary leave rejections.<\/p>\n<h2 data-start=\"0\" data-end=\"42\">3. Can Your Boss Reject Your PL?<\/h2>\n<p data-start=\"44\" data-end=\"300\">Earning and applying for Privilege Leave (PL) is one thing, but getting it<strong> approved<\/strong> is another! Many bank employees wonder\u2014<strong data-start=\"175\" data-end=\"204\">can my boss reject my PL?<\/strong> The answer is <strong data-start=\"219\" data-end=\"256\">yes, but only under valid reasons<\/strong> as per the <strong data-start=\"268\" data-end=\"297\">12th Bipartite Settlement<\/strong>.<\/p>\n<h3 data-start=\"302\" data-end=\"359\">When Can a Manager Reject or Postpone Your PL?<\/h3>\n<p data-start=\"360\" data-end=\"690\">Your manager <strong data-start=\"373\" data-end=\"404\">can reject or defer your PL<\/strong> under these conditions:<\/p>\n<p data-start=\"360\" data-end=\"690\">\u2705\u00a0 If there is a <strong data-start=\"447\" data-end=\"465\">staff shortage<\/strong> at the branch.<br data-start=\"480\" data-end=\"483\"\/>\u2705\u00a0 During <strong data-start=\"492\" data-end=\"535\">audit periods or financial year closing<\/strong>.<br data-start=\"536\" data-end=\"539\"\/>\u2705\u00a0 If too many employees have already applied for leave at the same time.<br data-start=\"611\" data-end=\"614\"\/>\u2705\u00a0 If the employee is <strong data-start=\"635\" data-end=\"664\">involved in critical work<\/strong> that cannot be delayed.<\/p>\n<p data-start=\"692\" data-end=\"905\">\ud83d\udca1 \u00a0<strong data-start=\"695\" data-end=\"714\">Important Rule:<\/strong><br data-start=\"714\" data-end=\"717\"\/><span style=\"background-color: #ffff99;\"><em>Under the <strong data-start=\"727\" data-end=\"756\">12th Bipartite Settlement<\/strong>, if a manager <strong data-start=\"771\" data-end=\"795\">refuses or postpones<\/strong> your PL, they must <strong data-start=\"815\" data-end=\"847\">officially record the reason<\/strong>. This ensures transparency and prevents unfair denials.<\/em><\/span><\/p>\n<h3 data-start=\"907\" data-end=\"963\">What Are Your Options If Your PL Is Rejected?<\/h3>\n<p data-start=\"964\" data-end=\"1016\">If your leave is rejected, here\u2019s what you can do:<\/p>\n<ol>\n<li data-start=\"1018\" data-end=\"1051\"><strong>Request Reconsideration:<\/strong> If your leave was rejected due to timing, you can negotiate alternative dates with your manager.<\/li>\n<li data-start=\"1018\" data-end=\"1051\"><strong data-start=\"1162\" data-end=\"1201\">Escalate to HR or Senior Management: <\/strong>If you believe your PL was unfairly rejected, you can file an appeal with HR or your senior officer.<\/li>\n<li data-start=\"1018\" data-end=\"1051\"><strong data-start=\"1322\" data-end=\"1357\">Convert PL to Casual Leave (CL): <\/strong>If you need leave for a short duration, you can apply for Casual Leave instead of PL, which is usually easier to get approved.<\/li>\n<li data-start=\"1018\" data-end=\"1051\"><strong data-start=\"1504\" data-end=\"1529\">Plan Leave in Advance: <\/strong>To reduce chances of rejection, apply for leave early in the year and avoid peak workload periods.<\/li>\n<\/ol>\n<h3 data-start=\"1644\" data-end=\"1706\">Can a Manager Force You to Cancel Your Approved PL?<\/h3>\n<p data-start=\"1707\" data-end=\"1921\">In rare cases, management can revoke an already approved PL if:<\/p>\n<ul>\n<li data-start=\"1707\" data-end=\"1921\">An urgent work situation arises.<\/li>\n<li data-start=\"1707\" data-end=\"1921\">A regulatory inspection or audit is scheduled.<\/li>\n<li data-start=\"1707\" data-end=\"1921\">A critical banking operation requires your presence.<\/li>\n<\/ul>\n<p data-start=\"1923\" data-end=\"2092\"><strong data-start=\"1926\" data-end=\"2090\">In such cases, banks may compensate employees for financial losses (like non-refundable travel bookings) if the cancellation was due to an official requirement.<\/strong><\/p>\n<hr\/>\n<p data-start=\"0\" data-end=\"45\"><strong data-start=\"170\" data-end=\"219\">Join the Bankpediaa Hub WhatsApp Channel Now!<\/strong><br data-start=\"219\" data-end=\"222\"\/>\ud83d\udd17 <a href=\"https:\/\/whatsapp.com\/channel\/0029Va4b33GDuMRj0KCA6L3u\" target=\"_new\" rel=\"noopener nofollow\" data-start=\"225\" data-end=\"300\">Click Here to Join<\/a><\/p>\n<hr\/>\n<h2 data-start=\"0\" data-end=\"32\">4. PL Encashment Rules<\/h2>\n<p data-start=\"34\" data-end=\"305\">While <strong data-start=\"40\" data-end=\"64\">Privilege Leave (PL)<\/strong> is primarily meant for rest and personal time, bank employees also have the option to <strong data-start=\"151\" data-end=\"170\">encash their PL<\/strong>, converting unused leave into money. This can be done during service, at retirement, or on resignation\/VRS. Let\u2019s break it down.<\/p>\n<h3 data-start=\"312\" data-end=\"353\">a) PL Encashment During Service<\/h3>\n<p data-start=\"354\" data-end=\"463\">Employees can encash a limited number of PL days while still in service under the following conditions:<\/p>\n<h4>1. Annual PL Encashment<\/h4>\n<ul data-start=\"495\" data-end=\"701\">\n<li data-start=\"495\" data-end=\"546\">Employees can encash <strong data-start=\"518\" data-end=\"543\">5 days of PL per year<\/strong>.<\/li>\n<li data-start=\"547\" data-end=\"629\">If the employee is 55 years or older, they can <strong data-start=\"600\" data-end=\"626\">encash 7 days per year<\/strong>.<\/li>\n<li data-start=\"630\" data-end=\"701\">The leave balance must <strong data-start=\"655\" data-end=\"681\">not fall below 30 days<\/strong> after encashment.<\/li>\n<\/ul>\n<h4 data-start=\"703\" data-end=\"759\">2. PL Encashment Under Leave Fare Concession (LFC)<\/h4>\n<ul data-start=\"760\" data-end=\"920\">\n<li data-start=\"760\" data-end=\"844\">Employees availing LFC can <strong data-start=\"793\" data-end=\"841\">encash up to 30 days of PL <\/strong>in a 4-year block.<\/li>\n<li data-start=\"845\" data-end=\"920\">Encashment under LFC is <strong data-start=\"871\" data-end=\"917\">in addition to the annual 5-day encashment<\/strong>.<\/li>\n<\/ul>\n<p data-start=\"922\" data-end=\"1017\">\ud83d\udca1 <strong data-start=\"925\" data-end=\"933\">Tip:<\/strong> <span style=\"background-color: #ffff99;\">Many employees <strong data-start=\"949\" data-end=\"971\">encash PL with LFC<\/strong> to maximize their benefits while traveling!<\/span><\/p>\n<h3 data-start=\"1024\" data-end=\"1087\">b) PL Encashment on VRS (Voluntary Retirement Scheme)<\/h3>\n<ul data-start=\"1088\" data-end=\"1251\">\n<li data-start=\"1088\" data-end=\"1153\">Employees taking <strong data-start=\"1107\" data-end=\"1114\">VRS<\/strong> can encash up to 255 days of PL.<\/li>\n<li data-start=\"1154\" data-end=\"1251\">The amount is calculated based on <strong data-start=\"1190\" data-end=\"1229\">Basic Pay + Dearness Allowance (DA)<\/strong> at the time of VRS.<\/li>\n<\/ul>\n<h3 data-start=\"1258\" data-end=\"1299\">c) PL Encashment on Resignation<\/h3>\n<ul data-start=\"1300\" data-end=\"1523\">\n<li data-start=\"1300\" data-end=\"1393\">If an employee <strong data-start=\"1317\" data-end=\"1328\">r<\/strong>esigns, they are entitled to encash<strong data-start=\"1339\" data-end=\"1390\"> only 50% of their PL balance<\/strong>.<\/li>\n<li data-start=\"1394\" data-end=\"1445\">The maximum encashment allowed is<strong data-start=\"1400\" data-end=\"1442\"> 120 days<\/strong>.<\/li>\n<li data-start=\"1446\" data-end=\"1523\">Encashment is made along with the final settlement after resignation.<\/li>\n<\/ul>\n<p data-start=\"1525\" data-end=\"1676\"><strong data-start=\"1525\" data-end=\"1542\">\ud83d\udca1 <span style=\"background-color: #ccffcc;\">Important:<\/span><\/strong><span style=\"background-color: #ccffcc;\"> A recent Bombay High Court ruling reaffirmed that leave encashment is an employee\u2019s right and cannot be denied arbitrarily.<\/span><\/p>\n<h3 data-start=\"1683\" data-end=\"1752\">d) PL Encashment on Retirement (Superannuation at 60 Years)<\/h3>\n<ul data-start=\"1753\" data-end=\"1906\">\n<li data-start=\"1753\" data-end=\"1822\">On retirement, employees can <strong data-start=\"1788\" data-end=\"1819\">encash up to 255 days of PL<\/strong>.<\/li>\n<li data-start=\"1823\" data-end=\"1906\">The encashment amount is calculated based on the last drawn<strong> Basic Pay + DA<\/strong>.<\/li>\n<\/ul>\n<p data-start=\"1908\" data-end=\"2033\">\ud83d\udca1 <span style=\"background-color: #ffff99;\"><strong data-start=\"1911\" data-end=\"1929\">Key Advantage:<\/strong> Since DA keeps increasing over time, PL encashment at retirement gives maximum financial benefit!<\/span><\/p>\n<h3 data-start=\"2040\" data-end=\"2078\">e) Taxation on PL Encashment<\/h3>\n<ul data-start=\"2079\" data-end=\"2325\">\n<li data-start=\"2079\" data-end=\"2138\"><strong data-start=\"2081\" data-end=\"2100\">During service:<\/strong> PL encashment is fully taxable.<\/li>\n<li data-start=\"2139\" data-end=\"2258\"><strong data-start=\"2141\" data-end=\"2163\">At retirement\/VRS:<\/strong> PL encashment is <strong data-start=\"2181\" data-end=\"2210\">tax-exempt up to \u20b925 lakh<\/strong> under Section 10(10AA) of the Income Tax Act.<\/li>\n<li data-start=\"2259\" data-end=\"2325\"><strong data-start=\"2261\" data-end=\"2280\">On resignation:<\/strong> It is fully taxable, just like salary.<\/li>\n<\/ul>\n<p>Why Is PL Encashment Important?<\/p>\n<ul data-start=\"2374\" data-end=\"2613\">\n<li data-start=\"2374\" data-end=\"2436\">Acts as extra income without affecting regular salary.<\/li>\n<li data-start=\"2437\" data-end=\"2512\">Helps employees get a big lump sum amount at retirement or VRS.<\/li>\n<li data-start=\"2513\" data-end=\"2613\">Recent legal cases have strengthened employees\u2019 rights to demand rightful PL encashment.<\/li>\n<\/ul>\n<hr\/>\n<p data-start=\"0\" data-end=\"45\"><strong data-start=\"170\" data-end=\"219\">Join the Bankpediaa Hub WhatsApp Channel Now!<\/strong><br data-start=\"219\" data-end=\"222\"\/>\ud83d\udd17 <a href=\"https:\/\/whatsapp.com\/channel\/0029Va4b33GDuMRj0KCA6L3u\" target=\"_new\" rel=\"noopener nofollow\" data-start=\"225\" data-end=\"300\">Click Here to Join<\/a><\/p>\n<hr\/>\n<h2>5. Mandatory Leave as per RBI Guidelines<\/h2>\n<div class=\"relative flex h-full w-full flex-row overflow-hidden\">\n<div class=\"relative flex h-full max-w-full flex-1 flex-col overflow-hidden\">\n<div class=\"composer-parent flex flex-col focus-visible:outline-0 h-full\" role=\"presentation\">\n<div class=\"flex-1 overflow-hidden @container\/thread translate-y-[2rem] -mt-[2rem] pb-[1.5rem]\">\n<div class=\"flex h-full flex-col overflow-y-auto\">\n<div class=\"flex flex-col text-sm md:pb-9\">\n<article class=\"w-full text-token-text-primary focus-visible:outline-2 focus-visible:outline-offset-[-4px]\" dir=\"auto\" data-testid=\"conversation-turn-7\" data-scroll-anchor=\"false\">\n<div class=\"m-auto text-base py-[18px] px-6\">\n<div class=\"mx-auto flex flex-1 gap-4 text-base md:gap-5 lg:gap-6 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn @xs\/thread:px-0 @sm\/thread:px-1.5 @md\/thread:px-4\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"07615841-aaaf-4d98-adb4-0600b655d6dd\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p data-start=\"52\" data-end=\"286\">The Reserve Bank of India (RBI) has made it <strong>mandatory <\/strong>for certain bank employees, especially those handling <em>sensitive positions (cash, treasury, loans, etc.),<\/em> to take a continuous leave of <strong data-start=\"253\" data-end=\"273\">at least 10 days<\/strong> in a year.<\/p>\n<h3 data-start=\"288\" data-end=\"332\">Why is Mandatory Leave Important?<\/h3>\n<ul data-start=\"333\" data-end=\"615\">\n<li data-start=\"333\" data-end=\"455\">Prevents fraud and irregularities by ensuring no single employee has uninterrupted access to critical systems.<\/li>\n<li data-start=\"456\" data-end=\"549\">Allows the bank to conduct internal checks and audits in the absence of the employee.<\/li>\n<li data-start=\"550\" data-end=\"615\">Helps maintain a healthy work-life balance for employees.<\/li>\n<\/ul>\n<h4 data-start=\"0\" data-end=\"77\">Are Mandatory Leaves Provided as Special Leave or Deducted from PL?<\/h4>\n<p data-start=\"79\" data-end=\"125\">One common question among bank employees is:<\/p>\n<p data-start=\"127\" data-end=\"255\">\ud83d\udc49 <span style=\"background-color: #ccffff;\"><em data-start=\"130\" data-end=\"253\">For mandatory leaves, are special leaves provided, or are they deducted from the employee\u2019s PL (Privilege Leave) balance?<\/em><\/span><\/p>\n<h3 data-start=\"257\" data-end=\"312\">What Does the 12th Bipartite Settlement Say?<\/h3>\n<p data-start=\"314\" data-end=\"529\">The 12th Bipartite Settlement does not introduce a separate category of \u201cSpecial Leave\u201d for mandatory leave requirements. Instead, it is up to individual banks to adjust this leave based on their policies.<\/p>\n<h3 data-start=\"531\" data-end=\"576\">How Are Mandatory Leaves Adjusted?<\/h3>\n<ol>\n<li>\n<h4>Most Banks Deduct from PL<\/h4>\n<\/li>\n<\/ol>\n<ul data-start=\"614\" data-end=\"856\">\n<li data-start=\"614\" data-end=\"751\">In many banks, the required <strong data-start=\"644\" data-end=\"694\">10-day mandatory leave (as per RBI guidelines)<\/strong> is deducted from the <strong data-start=\"716\" data-end=\"748\">Privilege Leave (PL) balance<\/strong>.<\/li>\n<li data-start=\"752\" data-end=\"856\">If an employee does not have sufficient PL, other leave balances (such as CL or SL) may be adjusted.<\/li>\n<\/ul>\n<h4 data-start=\"858\" data-end=\"898\"><span data-start=\"862\" data-end=\"896\">2. <\/span>Some Banks Allow Special Leave<\/h4>\n<ul data-start=\"899\" data-end=\"1135\">\n<li data-start=\"899\" data-end=\"1048\">Some banks provide <strong data-start=\"959\" data-end=\"1007\">dedicated \u201cMandatory Leave\u201d separate from PL<\/strong>, but this is not a universal practice.<\/li>\n<li data-start=\"1049\" data-end=\"1135\">This depends on internal HR policies and agreements between management and unions.<\/li>\n<\/ul>\n<p data-start=\"1137\" data-end=\"1192\">3. Leave Without Pay (LWP) Only in Extreme Cases<\/p>\n<ul data-start=\"1193\" data-end=\"1425\">\n<li data-start=\"1193\" data-end=\"1348\">If an employee <strong data-start=\"1210\" data-end=\"1266\">does not have enough PL, CL, or other leave balances<\/strong>, the bank may grant <strong data-start=\"1287\" data-end=\"1314\">Leave Without Pay (LWP)<\/strong> for mandatory leave compliance.<\/li>\n<li data-start=\"1349\" data-end=\"1425\"><span style=\"background-color: #eedbda;\">However, this is rare and usually avoided by adjusting available leaves.<\/span><\/li>\n<\/ul>\n<h3 data-start=\"1427\" data-end=\"1479\">Union Demands for Special Mandatory Leave<\/h3>\n<p data-start=\"1480\" data-end=\"1739\">During wage negotiations, unions have demanded that banks should provide \u201cMandatory Leave\u201d as a separate leave category, rather than forcing employees to use their <strong data-start=\"1648\" data-end=\"1661\">earned PL<\/strong>. However, no such provision was finalized in the 12th Bipartite Settlement.<\/p>\n<h3 data-start=\"1048\" data-end=\"1096\">Can Banks Force Employees to Take PL?<\/h3>\n<p data-start=\"1097\" data-end=\"1295\">Yes. If an employee is in a <strong data-start=\"1125\" data-end=\"1143\">sensitive role<\/strong>, banks can mandate them to take leave to comply with RBI guidelines. However, employees should be notified in advance so they can plan their absence.<\/p>\n<h2 data-start=\"1302\" data-end=\"1349\">6. PL in Case of Death of an Employee<\/h2>\n<p data-start=\"1351\" data-end=\"1527\">If a bank employee passes away while in service, the legal heirs or family members are entitled to receive full encashment of the employee\u2019s remaining PL balance.<\/p>\n<h3 data-start=\"1529\" data-end=\"1590\">Key Provisions for PL Encashment in Case of Death:<\/h3>\n<ul data-start=\"1591\" data-end=\"1980\">\n<li data-start=\"1591\" data-end=\"1687\">The family can claim encashment of <strong>up to 255 days of PL<\/strong> as part of the final settlement.<\/li>\n<li data-start=\"1688\" data-end=\"1764\">The encashment is calculated based on the <strong data-start=\"1732\" data-end=\"1761\">last drawn Basic Pay + DA<\/strong>.<\/li>\n<li data-start=\"1765\" data-end=\"1890\"><strong data-start=\"1767\" data-end=\"1788\">Tax-Free Benefit:<\/strong> Under the Income Tax Act, leave encashment paid due to an employee\u2019s death is fully tax-exempt.<\/li>\n<li data-start=\"1891\" data-end=\"1980\">This amount is paid along with <strong data-start=\"1924\" data-end=\"1977\">gratuity, provident fund, pension, and other dues<\/strong>.<\/li>\n<\/ul>\n<p data-start=\"1982\" data-end=\"2102\">\ud83d\udca1 <span style=\"background-color: #ffff99;\"><strong data-start=\"1985\" data-end=\"1993\">Tip:<\/strong> Family members should contact the HR or accounts department of the bank to process the claim smoothly.<\/span><\/p>\n<h2 data-start=\"2109\" data-end=\"2154\">7. PL and the New Leave Bank Scheme<\/h2>\n<p data-start=\"2156\" data-end=\"2304\">The 12th Bipartite Settlement introduces a Leave Bank Scheme for employees facing long-term critical illnesses or medical emergencies.<\/p>\n<h3 data-start=\"2306\" data-end=\"2346\">How Does the Leave Bank Work?<\/h3>\n<ul data-start=\"2347\" data-end=\"2797\">\n<li data-start=\"2347\" data-end=\"2437\">Employees can voluntarily donate their Privilege Leave (PL) to the Leave Bank.<\/li>\n<li data-start=\"2438\" data-end=\"2519\">The donated PL is pooled together and is available for employees in need.<\/li>\n<li data-start=\"2520\" data-end=\"2689\">Employees facing serious medical conditions like cancer, paralysis, kidney failure, organ transplants, etc. can apply for special leave from this Leave Bank.<\/li>\n<li data-start=\"2690\" data-end=\"2797\">This helps financially and medically stressed employees who have exhausted their own leave balance.<\/li>\n<\/ul>\n<h3 data-start=\"2799\" data-end=\"2832\">Why Is This Important?<\/h3>\n<ul data-start=\"2833\" data-end=\"3169\">\n<li data-start=\"2833\" data-end=\"2967\">Employees facing long-term hospitalization often run out of Sick Leave (SL) and PL, forcing them to take unpaid leave.<\/li>\n<li data-start=\"2968\" data-end=\"3071\">The Leave Bank Scheme ensures they continue to receive salary during their recovery period.<\/li>\n<li data-start=\"3072\" data-end=\"3169\">It promotes employee solidarity, allowing colleagues to support each other during crises.<\/li>\n<\/ul>\n<hr\/>\n<p data-start=\"0\" data-end=\"45\"><strong data-start=\"170\" data-end=\"219\">Join the Bankpediaa Hub WhatsApp Channel Now!<\/strong><br data-start=\"219\" data-end=\"222\"\/>\ud83d\udd17 <a href=\"https:\/\/whatsapp.com\/channel\/0029Va4b33GDuMRj0KCA6L3u\" target=\"_new\" rel=\"noopener nofollow\" data-start=\"225\" data-end=\"300\">Click Here to Join<\/a><\/p>\n<hr\/>\n<h2 data-start=\"3430\" data-end=\"3480\">8. Recent Court Rulings on PL Encashment<\/h2>\n<p data-start=\"3482\" data-end=\"3615\">In recent years, courts in India have <strong data-start=\"3520\" data-end=\"3579\">reaffirmed that leave encashment is an employee\u2019s right<\/strong> and cannot be denied arbitrarily.<\/p>\n<h3 data-start=\"3617\" data-end=\"3659\">Key Judgments on PL Encashment:<\/h3>\n<p data-start=\"3660\" data-end=\"4022\">\u2705 <strong data-start=\"3662\" data-end=\"3686\">Supreme Court Ruling<\/strong>: PL encashment at retirement is an earned right and cannot be withheld by banks.<br data-start=\"3771\" data-end=\"3774\"\/>\u2705 <strong data-start=\"3776\" data-end=\"3806\">Bombay High Court Judgment<\/strong>: If PL encashment is denied without valid reason, employees can legally challenge it.<br data-start=\"3896\" data-end=\"3899\"\/>\u2705 <strong data-start=\"3901\" data-end=\"3927\">Madras High Court Case<\/strong>: Leave encashment must be paid within a reasonable time after resignation or retirement.<\/p>\n<h3 data-start=\"4024\" data-end=\"4067\">What This Means for Bank Employees<\/h3>\n<ul data-start=\"4068\" data-end=\"4304\">\n<li data-start=\"4068\" data-end=\"4206\">If your PL encashment is <strong data-start=\"4095\" data-end=\"4106\">delayed<\/strong> or <strong data-start=\"4110\" data-end=\"4120\">denied<\/strong>, you have the right to <strong data-start=\"4144\" data-end=\"4166\">escalate the issue<\/strong> with HR, your union, or even legally.<\/li>\n<li data-start=\"4207\" data-end=\"4304\">Banks must ensure timely payment of PL encashment at resignation, VRS, or retirement.<\/li>\n<\/ul>\n<h2 data-start=\"4311\" data-end=\"4368\">9. Final Thoughts: How to Maximize PL Benefits?<\/h2>\n<p data-start=\"4370\" data-end=\"4511\">Privilege Leave (PL) is not just about taking vacations\u2014it\u2019s also a <strong data-start=\"4438\" data-end=\"4457\">financial asset<\/strong>. Here\u2019s how bank employees can make the most of it:<\/p>\n<p data-start=\"4513\" data-end=\"5069\">\u2714\ufe0f\u00a0 <strong data-start=\"4516\" data-end=\"4543\">Plan Your Leave Wisely:<\/strong> Don\u2019t wait till the last moment to use your PL. Apply early to avoid rejections.<br data-start=\"4628\" data-end=\"4631\"\/>\u2714\ufe0f\u00a0 <strong data-start=\"4634\" data-end=\"4660\">Utilize PL Encashment:<\/strong> Use the annual 5-day encashment option and LFC-linked encashment to maximize financial benefits.<br data-start=\"4769\" data-end=\"4772\"\/>\u2714\ufe0f <strong data-start=\"4775\" data-end=\"4815\">Stay Informed on New Leave Policies:<\/strong> The Leave Bank Scheme and Mandatory Leave Rules under RBI are important\u2014ensure you know your rights.<br data-start=\"4928\" data-end=\"4931\"\/>\u2714\ufe0f <strong data-start=\"4934\" data-end=\"4974\">Fight for Your PL Encashment Rights:<\/strong> If encashment is wrongfully denied, escalate the issue through unions or legal channels.<\/p>\n<h2 data-start=\"5076\" data-end=\"5143\">Wrapping Up: Why PL is a Game-Changer for Bank Employees?<\/h2>\n<ul data-start=\"5145\" data-end=\"5571\">\n<li data-start=\"5145\" data-end=\"5222\">PL ensures job security, financial benefits, and a work-life balance.<\/li>\n<li data-start=\"5223\" data-end=\"5316\">Proper PL planning helps in stress-free vacations and maximizing encashment benefits.<\/li>\n<li data-start=\"5317\" data-end=\"5439\">With RBI\u2019s mandatory leave rules, banks must enforce a minimum leave period, ensuring employees take time off.<\/li>\n<li data-start=\"5440\" data-end=\"5571\">The Leave Bank Scheme is a huge step forward in employee welfare, providing additional security in medical emergencies.<\/li>\n<\/ul>\n<hr\/>\n<p data-start=\"0\" data-end=\"45\"><strong data-start=\"170\" data-end=\"219\">Join the Bankpediaa Hub WhatsApp Channel Now!<\/strong><br data-start=\"219\" data-end=\"222\"\/>\ud83d\udd17 <a href=\"https:\/\/whatsapp.com\/channel\/0029Va4b33GDuMRj0KCA6L3u\" target=\"_new\" rel=\"noopener nofollow\" data-start=\"225\" data-end=\"300\">Click Here to Join<\/a><\/p>\n<hr\/>\n<h2 data-start=\"0\" data-end=\"44\"\/>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><!-- CONTENT END 6 -->\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>For bank employees, managing work-life balance is crucial, and Privilege Leave (PL) plays a significant role in ensuring that. Unlike Casual Leave (CL), which is meant for short, unplanned absences, or Sick Leave (SL), which is strictly for medical reasons, PL is a type of earned leave that employees accumulate over time and can use [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":86283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[4037,11297,42401,3037,2059,18247,30325,23932],"dealstore":[],"offerexpiration":[],"class_list":["post-86282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-12th","tag-banks","tag-bipartite","tag-complete","tag-guide","tag-leave","tag-privilege","tag-settlement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Privilege Leave (PL) in Banks: Complete Guide Under the 12th Bipartite Settlement - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=86282\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Privilege Leave (PL) in Banks: Complete Guide Under the 12th Bipartite Settlement - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"For bank employees, managing work-life balance is crucial, and Privilege Leave (PL) plays a significant role in ensuring that. Unlike Casual Leave (CL), which is meant for short, unplanned absences, or Sick Leave (SL), which is strictly for medical reasons, PL is a type of earned leave that employees accumulate over time and can use [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=86282\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-13T19:19:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/Privilege-Leave.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"678\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=86282#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=86282\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"Privilege Leave (PL) in Banks: Complete Guide Under the 12th Bipartite Settlement\",\"datePublished\":\"2025-02-13T19:19:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=86282\"},\"wordCount\":2414,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=86282#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/Privilege-Leave.jpg\",\"keywords\":[\"12th\",\"Banks\",\"Bipartite\",\"Complete\",\"Guide\",\"leave\",\"privilege\",\"Settlement\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fivemor.com\/?p=86282#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fivemor.com\/?p=86282\",\"url\":\"https:\/\/fivemor.com\/?p=86282\",\"name\":\"Privilege Leave (PL) in Banks: Complete Guide Under the 12th Bipartite Settlement - Som2ny Network\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=86282#primaryimage\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=86282#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/Privilege-Leave.jpg\",\"datePublished\":\"2025-02-13T19:19:07+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/fivemor.com\/?p=86282#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fivemor.com\/?p=86282\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/?p=86282#primaryimage\",\"url\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/Privilege-Leave.jpg\",\"contentUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/Privilege-Leave.jpg\",\"width\":1200,\"height\":678},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fivemor.com\/?p=86282#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fivemor.com\/?bp_activities=1\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Privilege Leave (PL) in Banks: Complete Guide Under the 12th Bipartite Settlement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fivemor.com\/#website\",\"url\":\"https:\/\/fivemor.com\/\",\"name\":\"Som2ny Network\",\"description\":\"Daily Deals\",\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fivemor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/fivemor.com\/#organization\",\"name\":\"Som2ny Network\",\"url\":\"https:\/\/fivemor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png\",\"contentUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png\",\"width\":300,\"height\":86,\"caption\":\"Som2ny Network\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/fivemor.com\"],\"url\":\"https:\/\/fivemor.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Privilege Leave (PL) in Banks: Complete Guide Under the 12th Bipartite Settlement - Som2ny Network","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fivemor.com\/?p=86282","og_locale":"en_US","og_type":"article","og_title":"Privilege Leave (PL) in Banks: Complete Guide Under the 12th Bipartite Settlement - Som2ny Network","og_description":"For bank employees, managing work-life balance is crucial, and Privilege Leave (PL) plays a significant role in ensuring that. Unlike Casual Leave (CL), which is meant for short, unplanned absences, or Sick Leave (SL), which is strictly for medical reasons, PL is a type of earned leave that employees accumulate over time and can use [&hellip;]","og_url":"https:\/\/fivemor.com\/?p=86282","og_site_name":"Som2ny Network","article_published_time":"2025-02-13T19:19:07+00:00","og_image":[{"width":1200,"height":678,"url":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/Privilege-Leave.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"12 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fivemor.com\/?p=86282#article","isPartOf":{"@id":"https:\/\/fivemor.com\/?p=86282"},"author":{"name":"admin","@id":"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371"},"headline":"Privilege Leave (PL) in Banks: Complete Guide Under the 12th Bipartite Settlement","datePublished":"2025-02-13T19:19:07+00:00","mainEntityOfPage":{"@id":"https:\/\/fivemor.com\/?p=86282"},"wordCount":2414,"commentCount":0,"publisher":{"@id":"https:\/\/fivemor.com\/#organization"},"image":{"@id":"https:\/\/fivemor.com\/?p=86282#primaryimage"},"thumbnailUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/Privilege-Leave.jpg","keywords":["12th","Banks","Bipartite","Complete","Guide","leave","privilege","Settlement"],"articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fivemor.com\/?p=86282#respond"]}]},{"@type":"WebPage","@id":"https:\/\/fivemor.com\/?p=86282","url":"https:\/\/fivemor.com\/?p=86282","name":"Privilege Leave (PL) in Banks: Complete Guide Under the 12th Bipartite Settlement - Som2ny Network","isPartOf":{"@id":"https:\/\/fivemor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fivemor.com\/?p=86282#primaryimage"},"image":{"@id":"https:\/\/fivemor.com\/?p=86282#primaryimage"},"thumbnailUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/Privilege-Leave.jpg","datePublished":"2025-02-13T19:19:07+00:00","breadcrumb":{"@id":"https:\/\/fivemor.com\/?p=86282#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fivemor.com\/?p=86282"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/?p=86282#primaryimage","url":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/Privilege-Leave.jpg","contentUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/Privilege-Leave.jpg","width":1200,"height":678},{"@type":"BreadcrumbList","@id":"https:\/\/fivemor.com\/?p=86282#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fivemor.com\/?bp_activities=1"},{"@type":"ListItem","position":2,"name":"Privilege Leave (PL) in Banks: Complete Guide Under the 12th Bipartite Settlement"}]},{"@type":"WebSite","@id":"https:\/\/fivemor.com\/#website","url":"https:\/\/fivemor.com\/","name":"Som2ny Network","description":"Daily Deals","publisher":{"@id":"https:\/\/fivemor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fivemor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fivemor.com\/#organization","name":"Som2ny Network","url":"https:\/\/fivemor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/#\/schema\/logo\/image\/","url":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png","contentUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png","width":300,"height":86,"caption":"Som2ny Network"},"image":{"@id":"https:\/\/fivemor.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png","caption":"admin"},"sameAs":["https:\/\/fivemor.com"],"url":"https:\/\/fivemor.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts\/86282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86282"}],"version-history":[{"count":0,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts\/86282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/media\/86283"}],"wp:attachment":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86282"},{"taxonomy":"dealstore","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fdealstore&post=86282"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fofferexpiration&post=86282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}