Revised Performance Linked Incentive Calculator for Public Sector Banks – The Finance Ministry has unveiled a performance-linked incentive (PLI) scheme for the senior executives of public sector banks (PSBs) i.e. Chief Manager, AGM, DGM, General Managers and CGM than MD & CEO including Executive Directors.
The PLI ceiling for Managing Director & Chief Executive Officers and Executive Directors of nationalized banks and Chairman, Managing Directors and Deputy Managing Directors of State Bank of India has been pegged at 100 per cent of their annual basic pay.
The PLI ceiling for senior executives in the rank of Chief General Manager and General Manager; and Deputy General Manager and Assistant General Manager is pegged at 90 per cent and 80 per cent, respectively, of their annual basic pay. For Chief Manger, this ceiling is at 70 per cent.
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All permanent employees, including lateral hires and officers on deputation, in the rank of Chief Manager and above will be eligible for PLI. The PLI will be paid in cash in a single tranche.
Calculate the Incentive Under PLI Scheme if Eligible