Nepal SBI Bank employees have accused the bank of misappropriating their funds in the name of social security.

The bank enrolled its employees with the Social Security Fund without their consent and deposited money in their name without their knowledge, an employee told ApEx requesting anonymity.

The bank pressed ahead with its decision to participate in the fund’s programs during the last month of previous fiscal year even as a petition filed by employees of various banks remains sub-judice.

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After the Supreme Court issued a stay on the case, the bank had agreed to refund the employees, but it didn’t do so, employees say.

Before the government rolled out the SSF, Nepal SBI employees participated in the Employees’ Provident Fund. But the bank has also stopped sending money to the fund.

The employees’ union has levelled other charges against the bank management as well. It has accused the bank of not maintaining accurate records of money sent to the Employees’ Provident Fund, not transferring employees working in rural areas to urban areas for a long time and cutting down on different perks to employees.