Mr. FredyCharles has already illustrated the PIP.
1. Download the PIP (performance Improvement Plan) policy and go thru it verbatim and carefully. Do you have the copy of the PIP formats signed by you?
During PIP the employer has to arrange training/mentoring by superiors and usually in PIP policy itself and PIP formats signed by you it is mentioned who shall be stakeholders in the PIP process alongwith employee. If no one has mentored/trained/supported/guided then you have to carefully insert by subsequent communications that………….NO support/coaching/guidance was provided and imaginary/unachievable/unpractical tasks were assigned to you ……….( with malafide intentions) so as to prove it later…
In the PIP policy it might have mentioned that if in three PIP attempts employee does not improve performance employee can be terminated…..
You should download all policies of the company say HR policy/Service Rules and regulations/Conduct and Discipline Rules/Employee handbook, your performance Vs targets, and performance Vs target of branch,area/region/zone/pan India etc……..
2. Are you being forced to resign with immediate effect or tender notice of resignation? Is your salary being paid on usual pay day?
They must be forcing you to resign with immediate effect!
They shall not get any appreciation from their masters if you tender notice of resignation! They may convey that during PIP you can not resign! They may even say (verbally) that if you resign with notice, you shall be terminated.
You should succeed to gain some handle on such personnel in Line Management/HR/Legal cell………….
You may record the treats to resign (audio/visual/witnesses/minutes etc) and build some irrefutable evidence for use at appropriate time in appropriate forum………as if you have an evidence you can use it and if you do not have then you are at the mercy of others…….
Forced resignation is offence…..
Forced resignation can be termed deemed termination……
3. Even if you oblige them by handing over your resignation in language suitable to them you are unlikely to get in time FnF settlement, service certificate,relieving letter (with good comments and it shall be highly detrimental if adverse comments are posted………and one without good comments will be as bad as with negative comments)…….positive BGV reports/good reference checks………
You may inquire from others if you have any doubts and it is most likely that you will find that those in PIP don’t get good BGV………..and then have to either loose future employment or compromise and change the trade……………………..
Therefore it is your interest to succeed to put your feet on the tail…….
The you shall be in a position to escape without any blot on you….
4. It is time to build favorable written record under proper acknowledgment…………….hence you should ASAP consult an able labor law consultant/service matters lawyer and even seasoned employee’s unions/trade unions leaders and let them structure/draft all of your communications……………………
Good Labor Law consultants shall draft all of your representations……..
Now there are employee’s unions for private/MNC banks too!
5. Why you are included in 3 consecutive PIP? You should not conceal the reasons from your counsel…….
Which products of the bank you were selling e.g . Life Insurance?
Do you have any evidence of unfair/illegal practices?
Under-performance is neither misconduct, nor offence, nor fraud…….
It is not easy to prove under-performance………….performance can be dependant on various factors beyond the control of employee….