PERFORMANCE LINKED INCENTIVE TO BANK EMPLOYEES.
FIRST PSU BANK TO CREDIT PLI :
The First Bank to credit PLI for the FY 22-23 to its bank employees is UNION BANK OF INDIA. 15 Days' salary is calculated and credited today (06/05/2023).
WHEN DOES CANARA BANK CREDIT PLI FY 2022-2023:
Canara bank one of the peer banks among PSU banks will credit PLI as agreed to the 11th Bipartite settlement to its employees just after releasing their balance sheet for FY 2022-2023. Canara Bank has achieved the Operating profit target and , 15 Days PLI will be credited between 08/05/2023 to 10/05/2023 after releasing the balance sheet which is expected board meeting on Monday i.e 08/05/2023.
HOW MUCH AMOUNT OF PLI WILL I GET?
To calculate the amount of PLI you get simply follow the formula,
20510 * X / 27570
Replace X with your basic pay, that is the amount you will get 15 days' salary as a PLI incentive.
