• search

SBI operation: About 2,10,000 employees strike work

Written by: Staff
|

Mumbai, Apr 3: About 2,10,000 employees from 9,000 branches across the country, including officers of the State Bank of India, struck work today as part of the indefinite strike called by the all-India State Bank Officers' Federation demanding their long-pendings and revision of pension scheme.

''The stir has affected banking transactions at SBI's 9,022 odd branches across the country,'' All-India State Bank Officers' Federation general secretary Shantaraju said.

He said that the strike was enforced on the employees because of the lethargy of the management to address the long-pending issue of pension scheme which has not been revised since the last fourteen years.

While the pension scheme was revised and updated in the case of the seven associate banks of SBI, it was not revised for the employees of SBI inspite of several representations made to the management, Mr Shantaraju said.

According to him, the federation had a meeting with the SBI Chairman last week where it was informed that the management had recommended a 50 per cent revision of the pension scheme, thereby bringing it at par with the industry.

Currently, an official of SBI having a monthly salary above Rs 25,000 gets a pension of maximum Rs 4,250 only, based on the salary-scale of 1992, while the average industry payout to an employee is Rs 18,000 per month, said Mr Shantaraju.

Similarly, in the case of family pension, an employee of SBI gets an amount of Rs 1,000 only as against the industry average payment of Rs 4,800.

In fact, the largest shareholder of SBI, the Reserve Bank of India has given its consent to the revision of the pension scheme.

However, the finance ministry is yet to approve the scheme, Mr Shantaraju added.

UNI

Related Story

Indefinite strike called in 9,022 SBI branches
SBI arranges salary disbursment during strike
SBI workers to go on indefinite strike from tomorrow  
 

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more