IBA has revised transfer allowances for Public Sector Bank employees which was a long awaiting demand of the bankers’ union. The train fare or lorry transportation on transfer has been revised to different slabs with maximum of Rs 5.90 for first 1000 KM. The various revised reimbursements are : Also Read – Share of Public Sector Bank Employees Fall Below 50%, First Time in the History
| Basic Pay | Officer with Family | Officer Without Family |
| Rs 36000-49910 | 3000 Kgs/ 3 tonne | Rs 1500 Kgs/ 1.5 Tonne |
| Rs 49,911 and above | 12000 Kgs/ 12 Tonne | Rs 2500 Kgs/ 2.5 Tonne |
Distance Train Fare reimbursement
The Revised Transfer Allowances and new rate per tonne are :
| Distance | Existing Rate | Revised Rate per Tonne |
| Up to 1000 Kms | Rs 2.80 | Rs 5.90 |
| > 1000 KMS | Rs 2.00 | Rs 4.25 |
Checkout the Revised Details : Here