Home PLI Scheme in Banks . Profit Linked Incentive Scheme For Bank Employeees

PLI Scheme in Banks . Profit Linked Incentive Scheme For Bank Employeees

PLI Scheme in banks was introduced in 11th bipartite settlement . PLI Scheme is acronym for Profit Linked Incentive scheme. PLI scheme implemented in banks starting from FY 2020-21 . As per Profit Linked Incentive Scheme Bank employees will get 5 to 15 days salary as incentive. Incentive under PLI Scheme is based on Full Financial Year Performance of Banks. PLI Scheme is based on Operating Profit and Net Profit of Banks. Salary as incentive will include Basic + DA.

Detail of Profit Linked Incentive scheme in banks are as under:

YOY growth in Operating profit less than 5 % ( Incentive NIL to bank employees)
YOY growth in Operating profit 5 to 10 % ( 5 Days Salary as incentive to bank employees )
YOY growth in Operating profit greater than 10 % and up to 15 % ( 10 days salary as incentive)
Please note that for 10 days salary incentive bank should have net profit too .
YOY growth in Operating profit greater than 15 % ( 15 days salary to bank staff )
Please note that for 15 days salary incentive bank should have net profit too .

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Canara Bank & Bank of Maharashtra employees will get 15 days Salary as Incentive as operating profit increased more than 15 % and both banks are having net profit too .