Finance Minister Nirmala Sitharaman declared the improvement of the family benefits of Public Sector Bank (PSB) workers, permitting annuities of up to ₹30,000-₹35,000. The cap on pay has been eliminated and a uniform piece of 30% on beneficiary’s last drawn compensation will be in power. Prior, there were pieces of 15%, 20% and 30%, with a cap of ₹9,284.
Finance Minister @nsitharaman addresses the media after conclusion of her 2-day Mumbai visit. #BQLive https://t.co/RkCqqDQidc
— BQ Prime (@bqprime) August 25, 2021
