IPPB Incentive Structure for Premium Khata Accounts (SBPRM).
The Premium Khata incentive structure is crafted to reward Branch Post Masters (BPMs), Assistant Branch Post Masters (ABPMs), and Postmen for their performance in managing and expanding Savings Bank Premium (SBPRM) accounts. The model specifically benefits those contributing to account creation with both Aadhaar seeding and Virtual Debit Card (VDC) issuance, ensuring that account holders have enhanced access and identity verification for a smoother banking experience.
Key Roles in the Incentive Program
The program categorizes incentives based on employee roles:
- BPM (Branch Post Master - Lo + L1): BPMs play a primary role in account management and expansion.
- ABPM/Postman (L1): ABPMs and Postmen support the onboarding and account management processes, particularly in customer-facing interactions.
Incentive Structure Based on Account Volume
Incentives are calculated based on the number of accounts each role manages, with higher volumes yielding increased incentives.
Incentives for BPM (Lo + L1):
- Incentive Rate: BPMs earn ₹55.88 per account.
- Incentive Payouts:
- 500 Accounts: ₹27,940
- 1,000 Accounts: ₹55,880
- 2,000 Accounts: ₹1,11,760
Incentives for ABPM/Postman (L1):
- Incentive Rate: ABPMs and Postmen receive ₹48.43 per account.
- Incentive Payouts:
- 500 Accounts: ₹24,215
- 1,000 Accounts: ₹48,430
- 2,000 Accounts: ₹96,860
Account Eligibility Criteria
To qualify for these incentives, SBPRM accounts must meet two specific criteria:
- Aadhaar Seeding: Aadhaar must be linked to the account, ensuring a verified identification process.
- VDC Issuance: The Virtual Debit Card must be issued, which facilitates easier digital transactions for customers.
Summary
This incentive model aligns with organizational goals of financial inclusion, enhanced customer service, and digital banking adoption. BPMs, ABPMs, and Postmen are motivated to increase account numbers through incentives based on the scope of their roles. By focusing on Aadhaar seeding and VDC issuance, this structure supports both secure identification and convenient banking options for customers, ultimately promoting account growth and customer satisfaction.
