Those candidates who, despite being interested and eligible, have not been able to apply till now due to some reason, should fill the form as soon as possible. The last date to apply for these vacancies is 27 November 2023.A total of 42 posts will be filled through this recruitment drive. These posts are of Deputy Manager (Security)/ Manager (Security).

One can apply for these vacancies only online. To do this you will have to go to the official website of State Bank of India, sbi.co.in. Go to their career page. The good thing about these vacancies is that candidates who have graduated from a recognized university can apply for them. Age limit is 25 to 40 years.

There will be no need to give any kind of examination for selection on these posts. Selection will be based on interview. On the basis of applications, candidates will be called for interview. If selected, the salary is good. The salary for the post of Deputy Manager is Rs 48 thousand to Rs 69 thousand. The salary for the post of manager is around 63 thousand to 78 thousand.

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Actually, the rule of contribution in EPFO ​​is clear that 12 percent of the basic salary of the employee will go to EPFO, the same amount will be contributed by the employer. Now, out of the employer’s share, 8.33 per cent is for pension share and 3.67 per cent for provident fund. But no matter how much the basic salary increases, the pension share does not go beyond Rs.1250.

The capping rule on pension share came into force on 1st September, 2014. Many employees opposed this. The matter reached the court. The Supreme Court did not remove the cap, but gave an option to the employees who had joined EPFO ​​till September 1, 2014, to claim their entire pension share i.e. 8.33 per cent pension share.

How much EPS is deducted now?

If you have ever checked your passbook on EPFO, then you must have seen that there is also a column of pension share in it. In that column, either Rs 1250 is entered or it is less than that. The rule is that 8.33 percent of the share that goes to EPFO ​​from the employer’s side goes to pension and 3.67 percent to EPFO. But there is also a default rule that pension share will not be given more than Rs.1250.

However, employees who had joined EPFO ​​on the date of September 1, 2014, have the option to claim the entire 8.33 per cent of their pension share. Means, instead of only Rs.1250, as much as his pension share is actually made, he can include that much in his pension share. Due to this, the pension which is received on retirement, can get more benefit.

For example, if the basic salary of an employee is Rs 1 lakh, then his EPFO ​​contribution will be Rs 12,000. His company will put the same amount in EPFO. By law, the pension share becomes 8330, but the rule is that only 1250 will go to the pension. The rest will go to EPF. But if you choose the option of higher pension, then you can put the entire Rs 8330 in the pension scheme.

How to apply?

If you are eligible for the Higher Pension Scheme and want to apply for it, then you have to apply by visiting the EPFO ​​portal. Necessary documents have to be given. In UAN, just go to the e-Sewa portal and go to the member interface and apply.

After the application is submitted, verification will be sought from the employer of the employee. EPFO officers will verify the application, once everything is correct, the process of transferring the dues will start. If there is any discrepancy in the forms, the employee and his employer will be given one month to rectify it.

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