Transfer policy of Public Sector Banks

Transfer policy in PSBs – Rajyasabha Q&A

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
RAJYA SABHA

UNSTARRED QUESTION No. 241
TO BE ANSWERED ON 19 July, 2022 (TUESDAY)/ ASHADHA 28, 1944 (SAKA)

Transfer policy in PSBs

241. SMT. PRIYANKA CHATURVEDI:

Will the Minister of FINANCE be pleased to state:

(a) whether Government has any specific transfer policy regarding employees of Public Sector Banks (PSBs) and public sector general insurance companies, if so, the details regarding the transfer policy;

(b) whether Government has any policies with regard to transfer of spouses of Central Government employees/others working in PSBs/insurance companies, if so, the details thereof; and

(c) whether Government has any data regarding the transfer and mobility policy of female employees working in PSBs and public sector insurance companies, if so, the details thereof?

ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(DR. BHAGWAT KARAD)

(a) to (c): Transfer of employees in Public Sector Banks (PSBs) and Public Sector Insurance Companies (PSICs) is governed by their respective Board approved ‘Transfer Policy’. The salient features of the transfer policies of PSBs and PSICs is annexed.

Government, vide letter dated 8.8.14 in respect of PSBs and dated 23.9.2014 in respect of PSICs, has issued advisory to accommodate as far as possible, transfer/posting of female employees, on their request, at a place where their husband/parents are stationed or as near as possible.

During the FY 2021-22, 48,060 female employees have been transferred in PSBs and PSICs.

Source: Rajyasabha

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