11th BPS Arrears Payment To Workmen Employees in SBI, Guidelines

11th BPS Arrears Payment to workmen employees in SBI - The Executive Committee of the SBI Central Board in its meeting held on accorded approval for implementation of the provisions of the above Settlements, as applicable, to the Bank. 

The provisions of the above Settlements are contained in Annexure for immediate implementation and shall amend, modify and supersede the relevant provisions of the Awards and Settlements wherever referred to therein. 

Employees who have retired from the service of the Bank on or after the 1st November 2017 and paid Gratuity in terms of the Payment of Gratuity Act, 1972, will be eligible for arrears of gratuity, if any, on the revised salary and allowances payable to them in terms of 11th Bipartite settlement. 

As regards recovery in case of housing accommodation provided by the Bank, the extant instructions contained in our circular letter No. PER/IR/CIR/118 dated 12th November 1990 (copy enclosed) will be followed. 

Difference in cash equivalent to leave encashment availed by the employees after 1st November 2017 should be paid keeping in view the effective dates of implementation of the various components of the salary revision.

Also Read - Excel Based 11th BPS Salary Arrears Calculator

Also, an ad-hoc amount equal to the increase in emoluments worked out, on the basis of month-to-month calculation of the old & revised emoluments from 1st January 2021 onwards may continue to be paid till formalities for amending SBI Officers’ Service Rules are completed. 

The HRMS will make payment of arrear for the period 01.11.2017 to 31.12.2020 by debit to the Central Office Accounts Deptt. Unit 2 (03999) and arrears for the period 01.01.2021 onwards by debit to Charges Account of the respective branch/office.

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