The Department of Financial Services, sources said, has asked Public Sector Banks (PSBs) to formulate transfer and posting polices in such way so as to minimise "hardship" of women employees.

"It has been decided to accommodate as far as possible placement/transfer of married employees, on her request, at a place where her husband is stationed or as near as possible to that place or vice versa," said a communication of the Department to head to PSBs.

 

HIGHLIGHTS

Female employees of public sector banks will soon be entitled to a major benefit of getting transfers of their choice.

The Finance Ministry has asked the banks to formulate women-friendly transfer policies so that they can get transfers at places where their husbands are working.

In case of unmarried female employees, the banks have been asked to accommodate them "at a place where their parents" are stationed or as near as possible.

The PSBs have been asked to frame the policy along with the approval of their Board and take immediate action for implementation and compliance.

In case of unmarried female employees, the banks have been asked to accommodate them "at a place where their parents" are stationed or as near as possible.

While giving directions to PSBs, the Department said it has come to its notice that female employees, both married and unmarried, "when place/ transferred away from their husband or parents to distant locations face a genuine hardship or develop a feeling of insecurity".

There are 27 PSBs, including the latest Bharatiya Mahila Bank. Of the nearly 8 lakh employees in PSBs, about 2.5 lakh are females.

Latest News from India News Desk