SBI Is Hiring Retired Bank Employees On 1-Year Contract: Eligibility, Skills, Salary & More

SBI Is Hiring Retired Bank Employees On 1-Year Contract: Eligibility, Skills, Salary & More
SBI Is Hiring Retired Bank Employees On 1-Year Contract: Eligibility, Skills, Salary & More

India’s largest bank: State Bank of India has started recruiting retired SBI employees, on a contractual basis. Other retired bank employees from other banks can also be considered.

Why out how it works, and more importantly why has been this decision taken?

SBI Starts Hiring Retired Employees

The Local Head Offices (LHO) or Circles of the SBI bank all across the country has started hiring returned SBI employees.

While the process started in Delhi few months ago, retired SBI employees from Hyderabad, Amaravati, Patna, Mumbai Metro and Maharashtra are now being hired.

Which Retired Bank Employees Are Eligible?

All SBI retired employees till the age of 63 are eligible to apply.

However, only those employees who served between Scale 1 to Scale 5 will be considered for the contractual job.

Retired employees from other PSU banks can also be considered, in case there aren’t enough SBI employees in a circle.

How Much Salary Will Be Given?

The monthly salary for such contractual employees of SBI will be in the range of Rs 30,000 to Rs 40,000, and the contract will be valid for a year.

After the completion, the tenure and the salary can be increased.

What Are The Positions For Which Retired Employees Are Being Hired?

Mainly, the positions for which retired SBI employees will be hired are: Digital Transaction Banking, FIMM Network, Any Time Banking, Business Correspondent Facilitators and Channel Managers/Supervisors.

Why SBI Is Hiring Retired Employees?

This new process of hiring retired bank employees has been initiated to fill the gap between demand and supply.

As of now, SBI is in need of surplus employees, and the hiring process may not start till next year.

Now, one factor you need to consider: Since SBI is hiring retired bank employees for atleast a year, there can be visible impact on their overall hiring process next year.

SBI can hire fewer employees due to this.

We will keep you updated, as more details come in. 

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