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PM-CARES Fund: SBI Staff Commits Rs 100 Crore For Coronavirus Battle

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New Delhi: Employees of the State Bank of India (SBI) have committed to donate Rs 100 crore to the public charitable trust the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund “PM-CARES fund” for Coronavirus battle.

The country’s largest lender in a statement said its around 2,56,000 employees have decided to contribute two days’ salary to the PM-CARES Fund.

With this collective effort and commitment of SBI employees, Rs 100 crore will be donated to the Fund, it added.

“It is a matter of pride for State Bank of India that all our employees voluntarily came forward to pledge their two days’ salary to the PM-CARES Fund. We at SBI would keep continuing our support to the government in all its endeavours to address the challenges of this pandemic, SBI Chairman Rajnish Kumar said.

At this time of crisis, SBI is committed to providing best possible banking services to its customers, the bank said.

Last week, SBI had committed 0.25 per cent of annual profit for 2019-20 as a part of its CSR activities to fight Covid-19.

Read More: COVID-19 Fight: Support Pours In From Many Quarters For PM-CARES Fund

On March 28, SBI had announced special payments to its staff who are manning bank branches during the nationwide lockdown to battle COVID-19.

In a circular, SBI announced that it has been decided to pay “One-Day’s Salary” (Basic Pay + DA) for every six Working Days on which an employee has worked, starting from March 23 up to April 14 or till the end of the nationwide lockdown period, whichever is earlier.

The amount will be payable to all the staff members posted in Branches, CPCs, CACs, Treasury Operations, Global Markets, GITC and IT Services. The payments will be made to the eligible staff members through HRMS after the stated period.

“In the wake of the spread of COVID-19 virus and the subsequent decision of a complete Lockdown announced by the Government of India to contain it, our Branches and CPCs have been working under difficult circumstances to provide banking services to the customers,” the circular said.

“As Banking Services are included in Essential services exempted from the Lockdown, our staff members at the Branches and CPCs have been serving the customers diligently, following the guidelines on ‘Social Distancing’,” it added.

“In recognition of the selfless service being rendered by our employees to the customers in these challenging circumstances, it is felt appropriate to provide such employees with some additional payment. The Bank is sensitive to the concerns of its employees and is in solidarity with them in their dedicated efforts,” SBI said in the circular.

To strengthen the government amid the Coronavirus crisis across the country, political leaders, corporates, defence personnel, employees of different organizations and Bollywood personalities including common people have been contributing large donations to the PM-CARES fund to fight the coronavirus pandemic.

Within a day after Prime Minister Narendra Modi announced the creation of a public charitable trust and appealed everyone to contribute their share, contribution from many quarters have started flooding.

People can visit the webpage “http://www.pmindia.gov.in” to make contributions using credit and debit cards, UPI, net banking and RTGS or NEFT.

(With Agency Inputs)

Also Read: COVID-19 Fight: Ratan Tata, Akshay Kumar, BCCI, Paytm Contribute To PM-CARES Fund

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