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Family pension for bank employees is at a paltry level, the government on Wednesday raised the same to 30 percent of the last drawn salary. 

Good news for PSU bank employees, PF and pension plans see big jump

Good news for PSU bank employees, PF and pension plans see a big jump

Government's new benefits to bank employees

More reasons to prepare for a government job as the finance ministry has announced some big benefits for the bank employees.
Admitting that family pension for bank employees is at a paltry level, the government on Wednesday raised the same to 30 percent of the last drawn salary. With this, the family pensions would rise three times.
Currently, kin of deceased public-bank employees get a maximum of Rs 9,284 per month which would rise to as high as Rs 35,000 per month,&nbsp;said Department of Financial Services Secretary Debasish Panda.
"The cap has been completely removed and a uniform slab of 30 percent at the last-drawn salary will be entitled as family pension," Panda told reporters.
The ministry has also decided to increase the employer's contribution in the&nbsp;New Pension Scheme (NPS) to 14 percent of the salary from the current 10 percent.

Currently, the family of deceased public-bank employees get a maximum of Rs 9,284 per month.

More reasons to prepare for a government job as the finance ministry has announced some big benefits for the bank employees.
Admitting that family pension for bank employees is at a paltry level, the government on Wednesday raised the same to 30 percent of the last drawn salary. With this, the family pensions would rise three times.
Currently, kin of deceased public-bank employees get a maximum of Rs 9,284 per month which would rise to as high as Rs 35,000 per month,&nbsp;said Department of Financial Services Secretary Debasish Panda.
"The cap has been completely removed and a uniform slab of 30 percent at the last-drawn salary will be entitled as family pension," Panda told reporters.
Also Watch :<a href="https://www.editorji.com/story/lic-launches-saral-pension-plan-1625208194411" target="_blank">&nbsp;LIC launches Saral pension plan</a>
The ministry has also decided to increase the employer's contribution in the&nbsp;New Pension Scheme (NPS) to 14 percent of the salary from the current 10 percent.

bank employees

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