GENERAL8 Sept 2026
Govt puts bank staff performance-linked incentive scheme on hold ahead of strike
Finance Ministry has put on hold the performance-linked incentive scheme it planned for 2025-26 for public sector bank employees. This comes after staff complaints and a meeting with the finance minister. Employees said the scheme gave senior officers far bigger bonuses than lower staff. The scheme will now be discussed in bipartite talks. However, the planned 11 September bank strike has not been called off.
Key Statutory Highlights
- The government has kept the performance-linked incentive scheme for public sector bank employees in abeyance for FY 2025-26.
- Bank employees opposed the scheme because it allowed senior executives 365 days of basic pay but capped workmen and officers up to Scale III at 15 days.
- The nationwide one-day bank strike called for September 11 is still on, as the United Forum of Bank Unions has not withdrawn it.
Actionable Advice for Taxpayers / Founders:Note that a nationwide bank strike is planned for September 11 and has not been called off, so check with your bank before doing important transactions that day.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: