Punjab National Bank may introduce new transfer policy for Officers

As per the sources and confirmation from bank union, it is expected that Punjab National Bank may soon introduce a new transfer policy for officers. Please tell us in the comment section what you think about this new transfer policy. We will update you if we receive any new update on this transfer policy. Please join our whatsapp group to stay updated. Click here to join our WhatsApp group.

Punjab National Bank is an Indian public sector bank based in New Delhi. It was founded in May 1894 and is the third-largest public sector bank in India in terms of its business volumes, with over 180 million customers, 12,248 branches, and 13,000+ ATMs.

What is the new transfer policy?

As per the new transfer policy, Officers working in Punjab National Bank will be posted for 3 years in a branch, 6 years in a circle and 9 years in a Zone. Typically each state has one zone that covers all the branches in that state. So, after 9 years, officers will have to move out of state.

What was the earlier or existing transfer policy?

As per the existing transfer policy, officers are posted for 3 years in a branch and 6 years in a district. After 6 years, officers are transferred out of district.

Will this new transfer policy be beneficial for PNB?

Yes, this new policy is already in implementation in various banks and can prove to be very useful for PNB.

• There is huge staff shortage in some districts of PNB. This transfer policy can address this issue.
• Majority of the staff in Banks don’t take promotion due to fear of transfer. If this transfer policy gets implemented then staff may take transfer. As majority of staff does not take transfer, the bank is losing the top talent in senior scales. This transfer policy can address this issue.
• This new transfer policy will also weaken bank union as the local staff will get transferred.

Will new transfer policy have impact on PNB employees?

The new transfer policy may have a significant impact on the employees working in PNB. Some of the employees have genuine medical problems and familial responsibilities and don’t want to move out of their town. Some employees even leave promotion to fulfill their family responsibilities.

The most important effect will be on female employees. Right now, females are working in large numbers in public sector banks. Females have to fulfil responsibilities of employee and at the same time they have to manage their homes and children. This is the main reason that majority of women in banks don’t take promotion. They just want to stay with their family. Right now, it’s not clear what the PNB management has in store for female employees. The exact policy and effects will be outlined only after the new transfer policy gets released.

There is one more important issue that PNB management will have to solve with the implementation of this new policy i.e. posting of staff. The bank management will have to do a lot of hard work in posting the staff. For example: Bank should try to post employees from North India in hindi spoken states and like that. In case, employees from North India get posted in South India and vice-versa then it may have a negative impact on bank performance.

We will update you if we receive any new update on this transfer policy. Please join our whatsapp group to stay updated. Click here to join our WhatsApp group.