PLI Scheme for Senior Officers in PSU Banks Put on Hold

 There is a lot of talk about the new PLI scheme that banks have created for senior personnel. A few days ago, UFBU wrote to IBA requesting that banks delay the introduction of the new PLI scheme. The IBA has now been directed by the Chief Labour Commissioner to request that banks halt the new PLI Scheme. The new PLI scheme, according to bank employees, is discriminatory. Scale IV and higher officers will receive nearly double their wage, while Scale 1, Scale 2, and Scale 3 officers will receive the standard PLI.


GradePLI Ceiling as % of Annual Basic Pay
EDs and MDs of Nationalised Banks, DMDs, MDs, and Chairman of SBI100%
Scale VII and Scale VIII90%
Scale V and Scale VI80%
Scale IV70%


Please refer to the letter No. Nil dated 26.03.2025 of UFBU addressed to you, endorsing a copy thereof to this office along with others in connection with conciliation proceedings dated 18th and 21st March 2025 in File No. 21(17)/2025-IR of CLC(C). The contents of the letter of UFBU are self-explanatory.





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