State Bank of India Act, 1955
43A. Bonus
(1) No officer, adviser, adviser or other employee other than an
employee within the meaning of clause (13) of section 2 of the Payment of Bonus
Act, 1965 of the State Bank shall be entitled to be paid any bonus.
(2) No employee of the State Bank, being an employee within the
meaning of clause (13) of section 2 of the Payment of Bonus Act, 1965, shall be
entitled to be paid any bonus except in accordance with the provisions of that
Act.
(3) The provision for this section shall have effect
notwithstanding any judgment decree or order of any court, tribunal or other
authority and notwithstanding anything contained in any other provision of this
Act or in the industrial Disputes Act, 1947, or any other law for the time
being in force or any practice, usage or custom or any contract, agreement,
settlement, award or other instrument.]