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Encashment of LAP |
ENCASHMENT OF LEAVE ON AVERAGE PAY ALONG WITH RAILWAY PASS WHILE IN SERVICE
A Railway servant shall be permitted to encash leave on
average pay upto 10 days at the time availing of Railway Passes while in
service, subject to condition that:
1.A balance at least 30 days of leave on average pay should
be available to his credit after taking into account the period of encashment
as well as leave availed of.
2. The total leave so encashed during the entire career
shall not exceed 60 days in the aggregate subject to the condition that
successive encashment cannot be made minimum period of two years has elapsed.
3.The cash equivalent shall be calculated as follows
namely:-
Pay in
the respective pay band plus Number of days of leave on
Grade
pay admissible on the date of
average pay subject to the
Availing
of railway pass plus dearness
maximum 10 days at one
Cash equivalent = allowance admissible on that date X time
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30
No House Rent Allowance or Transport Allowance shall be
payable
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