Section 38 in National Housing Bank (Officers') Service Regulations, 1997
38. Leave Travel Concession.
- (i) During each block of four years, an officer shall be eligible for Leave Travel Concession for travel to his home town once in each block of two years. Alternatively, he may travel in one block of two years to his home town and in other block to any place in India by the shortest route.(ii)Once in every four years, when an officer avails of Leave Travel Concession, he may be permitted to surrender and encash his privilege leave not exceeding one month at a time. Alternatively, he may whilst travelling in one block of two years to his home town and in any other block to any place in India, be permitted encashment of privilege Leave with a maximum of 15 days in each block or 30 days in one block. For the purpose of leave encashment all the emoluments payable for the month during which the availment of the Leave Travel Concession commences shall be admissible.Provided that an officer at his option shall be permitted to encash one day's additional privilege leave of donation to the Prime Minister's Relief Fund subject to his giving a letter to the Bank to that effect and authorising the Bank to remit the amount to the Fund.(iii)The mode and the class by which an officer and his family may avail of Leave Travel Concession shall be the same by which the officer is eligible under Regulation 35(1), and other terms and conditions subject to which the leave travel concession maybe availed of by an officer shall begs decided by the Board from time to time.
