Public Sector Banks (PSBs) and transfers

A new transfer policy for PSB employees was implemented effective April 2025, emphasizing rotational transfers to promote transparency and skill diversification. This policy affects over 8 lakh employees across PSBs like SBI, Punjab National Bank (PNB), and Bank of Baroda. Key features include mandatory inter-circle transfers every 3-5 years for officers and a focus on posting experienced staff in high-risk areas like fraud detection and digital banking. In July 2025, inter-circle transfers were notified for Assistant Superintendents and Inspectors in India Post (a PSU under the Ministry of Communications), impacting postal operations in rural and urban areas.

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