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REGULATORY POLICY EXTRA ORDINARY

In exercise of the powers conferred by sub section (1) read with clause o of sub section (2) of section 50 of the State Bank of India Act, 1955 (23 of 1955),

Date: 4th November 2024
Category: Extra Ordinary
New Delhi

Read or download the official PDF of this gazette notification issued by the State Bank of India on 4th November 2024. Classified under Extra Ordinary.

Official Gazette Notification Text

Official Transcript

रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-एम.एच.-अ.-04112024-258430 xxxGIDHxxx CG-MH-E-04112024-258430 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 891] नई ददल्ली, सोमवार, नवम्ब र 4, 2024/कार्तकष 13, 1946 No. 891] NEW DELHI, MONDAY, NOVEMBER 4, 2024/KARTIKA 13, 1946 भारतीय स्ट्टेट बकैं अजधसचू ना म ंबई, 4...

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  • ✓ This gazette notification announces the State Bank of India Employees’ Pension Fund (Second Amendment) Regulations, 2024.
  • ✓ It amends the State Bank of India Employees’ Pension Fund Regulations, 2014, specifically concerning the calculation of maximum pension amount and the Dearness Relief (DR) payable on pensions.
  • ✓ The amendments are effective from the date of publication in the Official Gazette.
  • ✓ For employees who retired between November 1, 2022, and November 9, 2023 (inclusive), drawing salaries in the pay scales effective from November 1, 2022, the maximum pension calculation is modified.
  • ✓ If the average monthly substantive salary during the last 12 months of pensionable service is up to INR 1,14,220, the pension will be 50% of the average monthly substantive salary, plus half of the Professional Qualification Pay, plus half of the increment component of Fixed Personal Pay (where applicable).

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