Bank employees to get 15 per cent hike in payslip component

BL Internet Desk | Updated on November 12, 2020 Published on November 12, 2020

About 8.8 lakh Covid ‘economic warriors’ from 29 banks received some good news days ahead of Diwali. Under the 11th Bipartite Wage Settlement, bank employees - including officers, staff and sub-staff, will get a 15 per cent hike in the payslip component. From FY21 a performance-linked incentive will be implemented by public sector banks.

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Published on November 12, 2020