eCircular

Department: P&HRD
Sl.No.: 438/2021 - 22
Circular No.: CDO/P&HRD-PM/36/2021 - 22
Date: Fri 30 Jul 2021

All Branches and Offices of

State Bank of India.

Madam / Dear Sir,

STAFF: MISCELLANEOUS
PERFORMANCE LINKED INCENTIVE (PLI) BASED ON CDS GRADING
FOR FINANCIAL YEAR 2020-21

Please refer to our e-Circular No. CDO/P&HRD-PM/49/2017-18 dated 12 th October, 2017.

2. The Competent Authority has accorded approval for payment of

Performance Linked Incentive (PLI) to eligible employees for the Financial Year 2020-
21. The salient features for payment of PLI are as under:

ELIGIBILITY
a. Eligibility for PLI shall be based on CDS grade as on 31 st March, 2021.

b. All Clerical Staff and Officers up to and including TEGSS-II, covered under
CDS, are eligible to be considered for PLI.

c. Employees, posted at both operating as well as administrative office, with

CDS grade of ‘AAA’ & ‘AA” shall be eligible for PLI.

d. Officers who are posted abroad or on deputation to other organizations/GOI/

subsidiaries, have been covered under the Scheme. However, if a separate
incentive scheme is there in operation at the deputed organisation, they will have
an option to choose either of the two.

EXCLUSION

a. Employees on Contract.

b. Employees Retired / Resigned / Removed / Voluntary Retired during the

year.
 c. POs/CBOs not confirmed on or before 31.03.2021.

d. Clerical staff who has joined after 30.09.2020.

e. All other employees not covered under CDS Grading.

3.Payment of incentives under PLI to eligible employees for the FY. 2020-21 will be as
under:
Amount in Rs.
Scale / Grade Incentive per Employee Incentive per Employee
with CDS Grade “AAA” with CDS Grade “AA”
TEGSS-II 2,80,000 93,400
TEGSS-I 2,00,000 66,700
TEGS-VII 1,15,000 38,300
TEGS-VI 91,000 30,300
SMGS-V 69,000 23,000
SMGS-IV 55,000 18,300
MMGS-III 37,000 12,300
MMGS-II 25,500 8,500
JMGS-I 17,000 5,700
Clerical (Chief 10,000 3,300
Associates)
Clerical (Other than 7,500 2,500
Chief Associates)

i. Payment of incentives to employees will be done centrally by Corporate Centre

through HRMS and the applicable TDS will be recovered from the gross payment.
No manual payment will be made at the operating levels.

ii. Payment of PLI to employees where salary is not paid through HRMS, will be paid
separately by concerned offices. CD&S Department at Corporate Centre will
advise them the list of such employees along with PLI payable to the employees
concerned.

iii. Payment of incentives to eligible employees resigned/ removed after 1 st April,

2021 or on deputation will be done by the OAD of the respective pay roll areas
and to employees posted abroad will be done by IBG, HR Corporate Centre. The
respective offices paying incentives will ensure compliance with the applicable
taxation rules and reporting of the gross incentive amount along with TDS details
to HRMS department for issuing Form -16.
 iv. Payment of incentives to those eligible employees retired after 1 st April, 2021, will
be done by HRMS department separately.

v. CGM (HR) has been authorised to issue any clarification in the matter.

4. All other terms and conditions of the scheme shall remain unchanged.

5. Please arrange to bring the contents of this circular to the knowledge of all concerned.

Yours faithfully,

(OM PRAKASH MISHRA)

DEPUTY MANAGING DIRECTOR (HR) &
CORPORATE DEVELOPMENT OFFICER