SBI giving VRS to staff, details are as follows::.
VRS passed in ECCB today
-Officials upto DMD.
-25 yrs service and completed 55 years age
-Every year official attaining 55 yrs can apply, discretion with Management
-50% of salary residual period or 18 months salary
-2 years cooling period before taking up any assignment with Bank
-All other benefits as if retired in normal course
*It has been decided by BBB to reduce the existing number of staff by 50%. Accordingly an attractive VRS scheme will be launched for staff having service of 20 years and above. Rest of the staff will be given performance based pay with variable pay component being 30% of CTC. More details are awaited. The whole excercise is sheduled to be completed by 30.09.2020.*
1 comment:
It's a golden opportunity given to the staff who are not able to continue their services due to personal problems.
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