PSBs Are Gifting Up to Rs 2,500 to their Employees

Public Sector Banks are making this Diwali special for their employees with the announcement of gifts worth up to Rs 2500 to each of their employees.

India's largest public sector lender, State Bank of India (SBI) has given Rs 2,500 to each of its employees ahead of the festival of lights. The bank has more than 2 lakh employees, according to its 2023 annual report.

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"It was advised that an allocation of Rs.2,500/- per head has been done out of Welfare Funds for distribution of Sweets / Dry Fruits amongst all employees. As per the given instructions, distribution of Sweets/Dry Fruits has to be done just before Deepawali Festival, "said the SBI circular which Moneycontrol has reviewed.

Similarly, the second largest PSB Canara Bank has distributed Rs 2500 to each of their employees for gifts/sweets etc.

India's another largest public sector lender, Punjab National Bank (PNB) has given Rs 1,000 to each employee this Diwali.

Union Bank of India have given Rs 1,500 each to employees, while the amount is Rs 2,000 for Indian Overseas Bank.

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