SBI PLI Scheme raises debate on social media

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PLI Scheme for bank officers of SBI has raised debate on social media. General Secretary of All India Punjab National Bank Officers Federation shared an image of PLI scheme offered to SBI employees.

PLI (Performance Linked Incentive) : SBI

SBI offers PLI to its employees on the basis of grades obtained. An employee is provided grade A, AA, AAA on the basis of achievement of targets. The more the grade, the more PLI employee gets. The PLI is granted as per table given below.

GRADE / SCALECDS GRADE AAACDS GRADE AACDS GRADE A
TEGSS-II₹ 6,60,000₹ 2,20,000₹ 1,10,000
TEGSS-I₹ 4,70,000₹ 1,56,700₹ 78,400
TEGS-VII₹ 2,70,000₹ 90,000₹ 45,000
SMGS-V₹ 1,70,000₹ 72,300₹ 36,000
SMGS-IV₹ 1,36,000₹ 45,300₹ 22,700
MMGS-III₹ 92,500₹ 30,800₹ 15,400
JMGS-I₹ 64,500₹ 21,500₹ 10,500
Clerical (Chief Associates)₹ 43,400₹ 14,500₹ 7,300
Clerical (Others)₹ 24,600₹ 8,200₹ 4,100
Clerical (Others)₹ 18,700₹ 6,200₹ 3,100

Recently, the PLI payments by banks has been put on hold. The bank unions said that the new PLI scheme is discriminatory and it provides less advantage to junior officers and offers more advantage to senior officers. Click here to read full story of PLI postponement and how much PLI is being offered.

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