SBI to pay 11th BPS Salary Arrears by 31st Dec 2020 – The State Bank of India has decided to make arrears payment as per 11th BPS by end of this month. The payment will be made as Ad-hoc. SBI states that the Government of India, Ministry of Finance, Department of Financial Services have conveyed their ‘No Objection’ to IBA, authorizing the Banks to pay revised salary and arrears of pay and allowances w.e.f. 01.11.2017 as per the provision of the Joint Note pending amendments to the Officer’s Service Regulations/Rules.
Accordingly, it has been decided to disburse to officers, an ad-hoc amount equivalent to the net arrears payable for the period 01.11.2017 to 31.12.2020, after deduction of the ad-hoc amount paid in October 2019. 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.
Also Read – 11th BPS Arrears Calculator
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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