• search

Serpentine queues in front of SBI branches

Written by: Staff

Mumbai, Apr 10: Over 8,000 employees spanning over 260 branches of the State Bank of India SBI resumed duties today in Mumbai and in its neighboring Thane district.

This follows the withdrawal of a week-long country-wide strike started from April three by over 2.10 lakh employees, including officers in over 9,000 branches across the country.

This morning, serpentine queues were seend in front of the banks long before the opening of the branches, particularly by the pensioners.

The week-long strike by the employees and officers of the SBI over the revision of pension was called off last night following a settlement reached between the Management and the Employees Unions.

The cut off point for calculating pension had been readjusted at the basic salary of Rs 21,040. Those drawing a basic salary upto Rs 21,040 would get pension at the rate of 50 per cent while those drawing more than that would get pension at the rate of 40 per cent, subject to a minimum of Rs 10,520.


Related Stories

SBI staff call off strike; pension issue settled

For Daily Alerts

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

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings 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