SBI will now provide Special Pay to all its Officers, Check Amount and Details

SBI employees have received some good news. The State Bank of India (SBI), which is the largest bank in India, has decided to give special pay to its employees based on how long they have worked at the bank. This move has made the employees happy and is a great way to show appreciation for those who have dedicated many years to SBI.

Special Pay Structure:

• Rs.4000 per month upon completion of 16 years of service in Bank upto 24 years.
• An additional Rs.8500 per month (cumulative Rs.12500) upon completion of 24 years of service in the banks.
• The Special Pay will be factored into DA, HRA and superannuation benefits (PF, Pension/NPS and Gratuity).
• It will be taxable in the hands of officers.
• The benefits is exclusive to permanent officers. Contract, Temporary, casual or Commission-based officers are not eligible.
• The Special Pay will be calculated based on completed years of service in the bank, excluding any periods not considered as service. Previous service periods/experience will not be factored into eligibility.
• The Special Pay will be effective from August 1, 2024.