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________ RESERVE BANK OF INDIA _
www.rbLorg.in
CO.HRMD.No. G. 65/6631 121.03.00/2019-2020 October 10,2019/

The Regional Director 1


Principal Chief General Managerl
Chief General Manager-in.-Chargel
Chief General Managerl General Manager-in-Chargel
Principal (Training Establishments)
Reserve Bank of India

Madam 1 Dear Sir,

NPS (National Pension System) - Increase in the monthly contribution towards


NPS fund by the Bank from 10% of the pay plus dearness allowance to 14% of
pay plus dearness allowance

In terms of Administration Circular No. 4 dated May 7,2012, employees covered under
NPS are contributing 10% of pay plus dearness allowance towards the Scheme every
month and Bank is making a matching contribution in respect of all employees.

2. It has been decided, to raise the monthly contribution by the Bank towards NPS
fund of employees from 10% of pay plus dearness allowance to 14% of the pay plus
dearness allowance. This change will come into effect from the month of September
2019 onwards. The monthly contribution towards NPS fund by the Bank employees
has been retained at 10% of the pay plus dearness allowance as hitherto. Other
instructions issued in this regard will remain unchanged.

3. A copy of the circular may be furnished to the local units of AIRBWF, AIRBEA,
AIRBSOA and RBIOA.

Yours faithfully,

~
(R. R. Kamble)
General Manager

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1:fiT;r : (022) 2260 1000· m:
(022) 2266 1892 • ~-~ : cgminchrmd@rbLorg.in
Human Resource Management Department, Central Office, 20st Floor, Central Office Building, Shahid Bhagat Singh Road, Mumbai - 400 001
Tel. : (022) 2260 1000· Fax: (022) 22661892. E-mail: cgminchrmd@rbLorg.in

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