Massive Salary & Pension Hike Approved for PSGIC, NABARD, RBI Employees & Pensioners
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News18•23-01-2026, 13:19
Massive Salary & Pension Hike Approved for PSGIC, NABARD, RBI Employees & Pensioners
- •Central Government approves long-awaited salary and pension revisions for employees and pensioners of Public Sector General Insurance Companies (PSGICs), NABARD, and RBI.
- •Over 93,000 beneficiaries in the financial sector will receive financial relief, boosting morale and providing social security.
- •PSGICs employees see a 12.41% increase in total wage bill, 14% hike in basic pay, and increased NPS contribution from 10% to 14% for post-2010 joiners.
- •NABARD employees get an average 20% salary increase, while RBI and NABARD retirees receive significant pension and family pension revisions.
- •Total estimated cost for these revisions is approximately Rs. 8,170.30 crores for PSGICs and Rs. 2,696.82 crores for RBI, including arrears.
Why It Matters: Central Government approves significant salary and pension hikes for over 93,000 financial sector beneficiaries.
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