hr.economictimes.indiatimes.com | www.ETHRWorld.com
To promote the Reserve Bank of India’s digital rupee, state-owned Union Bank of India is planning to transfer claims related to various employee benefit schemes directly to the Central Bank Digital Currency (CBDC) wallet instead of employees’ salary accounts.
“With an aim to promote CBDC wallet transactions, banks have been advised to encourage all staff members to transact using the digital currency and ensure 100% staff registration on digital rupee app,” the bank said in a communication to employees on December 26.
To start with, the bank management has decided to credit newspaper allowance directly to the CBDC wallet. The bank advised all its employees to register on the bank’s digital rupee app.
A pilot run towards this goal is facing resistance from some of its staff.
The All India Union Bank Employees Federation is protesting the move saying that the management cannot compel employees to use the wallet. The lobby group suggested the management to take staff memebrs into confidence before taking such steps.
In a letter to the management on December 28, the association said that using CBDC is optional and the bank management cannot compel employees to use it.
“Your desire for 100% staff registrations on Digital Rupee App for using Central Bank Digital Currency (CBDC) should be limited within advice and encouragement and…
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