Brac Bank Exit Procedure

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Brac Bank exit procedure:
The following sections will display the policies of BRAC Bank Limited regarding its employees’ resignation and termination situations. This part will discuss about the policies and procedures for resignation or termination in situations when: * A regular employee wishes to resign

* A probationary or temporary employee wishes to resign
* When a regular employee is terminated
* When a probationary or temporary employee is terminated

Resignation of Regular Employee:
A confirmed employee may leave or discontinue from the services of the bank by giving one month notice, in writing or pay to the bank as compensation an amount equal to the employee’s total pay for one month. Resignation of Probationary or Temporary Employee:

Probationary or any temporary employee shall leave or discontinue employee’s service from the Bank by giving 15 (fifteen) days prior notice in writing of employee’s intention to do so or pay to the bank as compensation an amount equal to employee’s total pay for fifteen (15) days. Note: Certificate will not be provided to staffs that were forced to resign, got “unsatisfactory” rating in their Performance Matters or have integrity issue and non-confirmed staff. Termination of Regular Employee:

The competent authority may terminate the services of a confirmed employee or call upon him/her to resign without assigning any reason, by giving him/her one month notice in writing or on payment of one month substantive pay in lieu of such notice and the employee shall not be entitled to any form of compensation for termination of service. Termination of Probationary or Temporary Employee:

The service of a probationer or a temporary employee shall be liable to be terminated by the competent authority without assigning any reason without giving him or her any notice and the probationer or the employee shall not be entitled to any form of compensation for termination of service.
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