Pay, Pension Hikes For PSGICs, NABARD, RBI Staff
By: Nikhil Pandey
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24 Jan 2026
The Indian government officially approved long-awaited wage and pension revisions for several major financial institutions
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These updates specifically benefit employees at NABARD and various public sector general insurance companies nationwide
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Approximately forty-six thousand active employees will see significant increases in their monthly salaries and allowances
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Retired staff members from the Reserve Bank of India also received substantial pension payout hikes
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Over twenty-three thousand family pensioners are set to gain from these newly announced financial measures
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Public sector insurance workers will receive a twelve percent increase in their total wage bill
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Government contributions to the National Pension System rose from ten percent to fourteen percent recently
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NABARD employees are expected to enjoy a twenty percent hike in their pay and allowances
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Total financial impact for these combined revisions is estimated at several thousand crore rupees annually
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This move reflects the government's commitment to social security and the well-being of retired professionals
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