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Railway Diwali Bonus: Payment of Productivity Linked Bonus for Financial Year 2023-24 To Railway Employees (RBE No. 91/2024)

Railway Diwali Bonus (PLB) (RBE No. 91/2024)
Railway Diwali Bonus (PLB) (RBE No. 91/2024)

The Railway Board has announced the Productivity Linked Bonus (PLB) for eligible non-gazetted Railway employees for the financial year 2023-24. This initiative recognizes the hard work and contributions of railway staff, providing them with significant financial rewards.

Order Reference: RBE No. 91/2024
Date Issued: October 4, 2024
Issued by: Railway Board, Ministry of Railways, Government of India

हिन्दी मे पढ़े:
                    रेलवे दिवाली बोनस: रेलवे कर्मचारियों को वित्तीय वर्ष 2023-24 के लिए उत्पादकता से जुड़े बोनस का भुगतान (आरबीई संख्या 91/2024) 

Railway Diwali Bonus (RBE No. 91/2024) Notice Key Highlights:

  • Bonus Amount:
    Employees will receive a bonus equivalent to 78 days’ wages. For those earning more than ₹7000 per month, the bonus will be calculated based on a notional wage of ₹7000.

  • Eligibility Criteria:
    To qualify for the PLB, employees must:

    • Not be under suspension.
    • Not have quit, retired, or expired during the financial year 2023-24.
    • Be on leave with salary not less than average pay.

  • Fixed Bonus Amount:
    Eligible employees will receive a fixed bonus of ₹17,951 as part of the PLB for the financial year.

  • State Railway Provident Fund (SRPF) Contributions:
    Subscribers to the State Railway Provident Fund (SRPF) can choose to deposit all or part of their PLB amount into their SRPF accounts, enhancing their savings.

  • Disbursement Process:
    The PLB will be disbursed in the same manner as salary payments, with a priority on timely delivery.

  • Administrative Compliance:
    This order has been issued with the concurrence of the Finance Directorate of the Ministry of Railways, ensuring adherence to financial regulations.

Conclusion

The announcement of the Productivity Linked Bonus underscores the Indian government’s commitment to rewarding the efforts of Railway employees. By providing financial incentives based on productivity, the Railway Board aims to boost employee morale and job satisfaction, ultimately contributing to a more efficient railway service. The structured eligibility and disbursement process ensure that all qualifying employees benefit from this important initiative.

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