After announcing special payments to its staff working in bank branches during 21-day shutdown to battle coronavirus, State Bank of India (SBI) has made modifications to the Scheme-I to cover employees affected on account of Covid-19 infection. Bank employees in the event of death, disability, serious injury while on duty are covered under the Scheme-I for payment of compensation.
In a circular SBI announced, ‘Keeping into view the special circumstances of outbreak of COVID-19 pandemic, it has been decided to extend the provisions of the captioned scheme to cover employees affected on account of Covid-19 disease. Accordingly, any employee affected due to the Covid-19 disease while on duty or otherwise, in the event of death, shall be covered under the “Scheme-I” for payment of compensation.’
‘The cash compensation in such cases would be Rs 20.00 lakh, for all categories of Permanent Employees in the Bank, as per the scheme,’ SBI said in the circular. The modified provisions of the scheme will be effective from the date of issuance of the circular and will remain effective up to 1 year.
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