SBI adds COVID-19 to compensation list of its employees

SBI Chairman on the lockdownState Bank of India has announced a special payment to its staff working in bank branches during a 21-day shutdown to battle coronavirus, State Bank of India (SBI) has made modifications to the Scheme-I to cover employees affected on account of COVID-19 infection. Bank employees in the event of death/ disability/ serious injury while on duty are covered under the Scheme-I for payment of compensation. It has been decided to extend the provisions of the captioned scheme to cover employees affected on account of COVID-19 disease.

Accordingly, any employee affected due to the COVID-19 disease while on duty or otherwise, in the event of death, shall be covered under the “Scheme-I” for payment of compensation. The modified provisions of the scheme will be effective from the date of issuance of the circular and will remain effective up to 1 year.

The cash compensation in such cases would be ₹20.00 lakh, for all categories of Permanent Employees in the Bank, as per the scheme,” SBI said in the circular. Bank staff are serving the customers and country at large, facing severe challenges and risks. The bank is taking all possible steps and coming up with the support measures to stand by our dedicated and strong workforce.

The safety of our customers and employees is our priority. Social Distancing and other such precautions are being taken at our branches across the country to curb the spread of coronavirus.


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