The State Bank of India (SBI) has taken a significant step to honour the legacy of its retired workforce with the launch of the ‘SBI Tribute’ scheme. SBI reinforces its long-standing tradition for Retiree support, and Pensioner welfare, extending immediate assistance to families of deceased pensioners and retirees.

‘SBI Tribute’ Scheme- details

Effective from July 23, 2025, the SBI ‘Tribute’ scheme is designed to offer immediate, dignified, and structured support to the families of SBI retirees. Under this initiative:

What is the ‘SBI Tribute’ Scheme?

Effective from July 23, 2025, the SBI ‘Tribute’ scheme is designed to offer immediate, dignified, and structured support to the families of SBI retirees. Under this initiative:
– ₹30,000/- as a one-time support amount will be provided within 72 hours of the retiree’s demise.
– This financial gesture aims to ease initial hardships faced by grieving families.

Who is Eligible?

The scheme covers:
SBI pensioners who have superannuated or opted for Voluntary Retirement Scheme (VRS).Retirees under NPS or Provident Fund (PF) schemes with:
• At least 10 years of qualifying service and attained 60 years of age, or
• Those who took VRS after 20 years of service.

Beyond Financial Aid: Human Touch and Emotional Support

In addition to financial assistance, the scheme includes:

  • Personal condolence visits by branch heads and HR officers.
  • Condolence letters in the regional language, signed by senior bank officials.
  • Nodal branch facilitation for:
    • Submission of documents for family pension.
    • Mediclaim policy continuation.
    • Locker settlements and account conversions.
    • Guidance in submission of death certificate

A Culture of Care and Respect

The bank also encourages Circles to observe:

  • Annual Remembrance Day to honour deceased pensioners
  • Emotional wellness sessions during Pensioners’ Meets.
  • Financial planning workshops for bereaved families.

A Model of Institutional Compassion

The ‘SBI Tribute’ scheme is not just a policy—it is a heartfelt acknowledgment of the lifelong dedication of SBI’s employees. In times when corporate empathy often feels missing, SBI has shown how large institutions can lead by example in preserving human dignity.

Final Thoughts

With ‘SBI Tribute’, the bank doesn’t just provide assistance—it extends solidarity. This move will likely set a precedent in the banking sector, creating a benchmark for post-retirement care and support.

Appeal for Similar Scheme in RBI by AIRRBEA

On August 2nd, the All India Reserve Bank Retirees’ Association (AIRRBEA) formally appealed to the RBI Governor to introduce a scheme similar to SBI’s ‘Tribute’ initiative. The association emphasized that retirees of the Reserve Bank have also served with unwavering commitment and deserve the same level of posthumous support for their families. This request underlines the growing recognition of institutional responsibility toward employee welfare even after retirement.

By highlighting SBI’s compassionate model, the AIRRBEA has made a strong case for replicating such a humane support system within the Reserve Bank of India. It is hoped that RBI too will consider implementing a similar gesture to honour the legacy and dignity of its retired personnel.