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Centre approves wage, pension revision for PSGIC, NABARD, RBI employees
The Statesman Bhubaneswar
|January 24, 2026
In asignificant move aimed at boosting employee morale and strengthening social security for pensioners in the financial sector, the Central Government has approved wage revisions for employees of Public Sector General Insurance Companies (PSGICs) and the National Bank for Agriculture and Rural Development (NABARD).
The Government has also approved pension and family pension revisions for retirees of the Reserve Bank of India (RBI) and NABARD.
The wage revision for PSGIC employees will be effective from 1 August 2022. The overall increase in the wage bill has been approved at 12.41 per cent, with a 14 per cent hike in existing Basic Pay and Dearness Allowance.
Atotal of 43,247 employees across PSGICs will benefit from this revision.
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