SBI Employees in Branches to get extra pay during the 21-day Lockdown

SBI cuts savings deposit rate to 2.75% lower lending rates

SBI announced that it has been decided to pay ‘one-day’s salary’ (Basic Pay DA) for every six working days on which an employee has worked, starting from 23 March up to 14 April or till the end of the lockdown period, whichever is earlier. The State Bank of India (SBI) has announced special payments to its staff working in bank branches during a 21-day shutdown to battle coronavirus.

The amount will be payable to all the staff members posted in branches, CPCs, CACs, Treasury Operations, Global Markets, GITC and IT Services. The payments will be made to the eligible staff members through HRMS after the stated period. In the wake of the spread of COVID-19 virus and the subsequent decision of a complete lockdown announced by the Government of India to contain it, Bank branches and CPCs have been working under difficult circumstances to provide banking services to the customers.

The Bank is sensitive to the concerns of its employees and is in solidarity with them in their dedicated efforts. All steps are being taken to ensure the safety of the employees and customers.

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