[nilesh]

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Hii sir, I Wants to get the Employees Pension Fund Rules of the State bank of India Will you Please provide It ?

[prince karak]

State Bank of India is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.


Employees Pension Fund Rules of the State bank of India


The fund intended to be hereby created and to be maintained as hereinafter provided shall be called "THE IMPERIAL BANK OF INDIA EMPLOYEES' PENSION AND GUARANTEE FUND" and its objects and business shall be to provide pensions to the Bank's employees and security to the Bank against losses arising from dishonesty on the part of employees required to furnish guarantees for the faithful discharge of their duties to the Bank. India.


In these rules unless there is anything repugnant in the subject or context "Bank" means the State Bank of India provided that in regard to matter relating to the period prior to the 1st July 1955 it shall mean the Imperial Bank of India.

"Service or Service in the Bank" includes service in any of the former Presidency Banks by employees who were on the staffs of those Banks on the 26th January 1921 and who are members of this fund.

"The Staff in India" mean all employees in India who are members of this fund. "India" includes Pakistan, Burma and Ceylon. "The Staff in London" mean all employees in the London Office who are members of this fund.

"Substantive Salary" means substantive or basic pay, provided that in respect of the period 1st January 1962 to 31st July 1966 "Substantive Salary" shall mean (

i) in the case of employees other than those covered by the Award of the National Industrial Tribunal in Reference 1 of 1960 (hereinafter referred to as "the Award" in respect of pay and allowances, substantive or basic pay,

(ii) in the case of employees, other than subordinate staff so covered by the Award, eighty percent of the awarded basic pay and (iii) in the case of the subordinate staff, so covered by the Award, seventy five percent of the awarded basic pay.


From 1.9.78 "Substantive Salary" shall include other emolument or such portion thereof of a member as may for the time being be permitted by the Bank to rank for superannuation benefits under the rules of service applicable to the member.

The trustees of the fund shall be the Directors of the Bank for the time being and at every meeting of such trustees one of the Directors not being an executive officer shall be elected chairman of the meeting.


Employees Pension Fund Rules of the State bank of India