"AN EMPLOYEE OF A PRIVATE BANK IN
INDIA:'Hi dude! What's up, man! You guys are getting 15% hike in your
salary. Rosy days or rather Acche Din are coming for you guys.' AN
EMPLOYEE OF A PSU BANK IN INDIA:'15% hike is just a myth. Actually,
we are just getting around 10% hike in our gross salary, which is
just nothing in comparison to the increment policies in Private
Sector Banks. TDS deduction, NPS deduction, LEVY
deduction will ultimately reduce our Arrears amount. Above all,
Private Banks are giving objections on holiday proposals made by the
PSU Banks on 2nd and 4th Saturdays of every month. Pensioners of PSU
Banks are now demanding to include Special Pay scheme in their
Pension Policies. So, all in all, a hotch-potch or confusing
situation still exists. Employees of PSU Banks are getting treated
like factory workers by the Indian Government and its Finance
Ministry.'"- Arindam Sain
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