The Department of Financial Services has written a letter to all public sector banks asking them to review the rules for transfer of employees so that there is more transparency in the rules. After these rules are implemented, there will be a change in the rules for transfer of bank employees.
Bank Transfer: If you are a bank employee or your family or friends work in a bank, then you must read this news. The transfer rules for bank employees are going to change soon. The government has advised to update the policy made for public sector banking employees.
The Finance Ministry has advised to include new rules in the transfer policy related to public sector banks like PNB, Bank of Baroda, State Bank of India etc. These new rules will come into effect from the financial year 2026 after getting approval from the board.
Transparency will come in the rules
The Department of Financial Services has written a letter to all the public sector banks asking them to review the rules for the transfer of employees. So that there is more transparency in the rules. After the implementation of these rules, there will be a change in the rules for the transfer of bank employees. This process can be automated. However, location preference can be given to the employees.
Complaints will be resolved quickly
The rules for transfer can be automated. Apart from this, women will be transferred to places which are nearby. An advisory has also been sent to send a copy of the policy which is being changed to the Finance Ministry.
These can be the changes
Preparations are being made to make the policy of banks more transparent. So that the employees can know how and why they will be transferred. Bank transfers will also be done in automation mode. Employees will also have the option to choose their preferred place.
Work is being done to make new rules. Right now the Finance Ministry has given advice regarding this. On which the policy is being made. This new policy will be implemented from the financial year 2026.
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