This abstract provides an overview of the performance appraisal system implemented at Annasaheb Sawant Bank, Mahad. Performance appraisal is a crucial aspect of organizational management, aiding in employee development, motivation, and organizational effectiveness. Annasaheb Sawant Bank, located in Mahad, has developed a comprehensive performance appraisal system to evaluate its employees' performance effectively. This system includes various methods such as self- assessment, peer reviews, and supervisor evaluations. It aims to provide a fair and objective assessment while fostering employee growth and aligning individual goals with organizational objectives. The abstract delves into the importance of performance appraisal, the methods utilized by the bank, and the benefits it offers to both employees and the organization. Through this system, Annasaheb Sawant Bank strives to enhance employee engagement, productivity, and overall organizational success