Will 8th Pay Commission Benefit Public Sector Bank Employees?
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that bank employees fall outside the pay commission because their pay is set through industry-level bipartite settlements, usually every five years. He said the commission's findings still serve as a benchmark in those talks.
More of Abhishek's views on money management
The article explains whether public sector bank employees gain from the 8th Central Pay Commission. Citing the government's reply in Parliament, it notes that bank pensions follow separate regulations and that bank salaries are revised through bipartite settlements, while pension changes for RBI retirees and similar bodies are approved separately.
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Will 8th Pay Commission Benefit Public Sector Bank Employees?