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Serpentine queues in front of SBI branches

Written by: Staff
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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.

UNI

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