(The DA relief for Bank Pensioners is continuously updated on this site as soon as the ministry of labour releases consumer price index (For example DA chart for the months of February to July will be updated on 31st Jan, and DA chart for the months of August to January will be updated on 31 July.)
As per CPI announced by the Labour Bureau of the Government today (31.01.2018), the average index numbers for October ‘17 to December ‘17 works out to 6551.01. It means 49 slabs increase in Dearness Relief (DR) for the half year February 2018 to July 2018, over the previous half year.
The details of Dearness Relief for pensioner retired at various period are as under
DR for pensioners retired on or after 1.11.2012
The average CPI for Oct 18 to Dec’18 is 6551 In terms of X BPS/Joint Notes, 4440 points of DA was merged with the ‘pay’ and DA rate was fixed at 0.10% per DA slab. The Dearness Relief (DR) payable to pensioners is 527 slabs @ 0.10 % for the months of February 2018 to July 2018. It means an increase of 50 slabs (527-478=49) over the previous level. Thus, the percentage of DR payable to the pensioners for the half year will be @ 52.70 % on Basic pension.
| No of slabs | Rate per Slab | Percentage of DA payable | DR on Basic Pension (Before commutation) |
| 527 | 0.10% | 52.70 | Basic Pension× 52.70% |
DR for pensioners retired on or after 1.11.2007 and up to 31.10.2012 (2836 points merger)
The average CPI for Oct 18 to Dec’18 is 6551. In terms of 1X BPS/Joint Notes, 2836 points of DA was merged with the ‘pay’ and DA rate was fixed at 0.15% per DA slab. It means 6551-2836=3715/4 =928 The Dearness Relief (DR) payable to pensioners is 928 slabs for the months of Febraury2018 to July 2018. It means an increase of 49 slabs over the previous level. Thus, the percentage of DR payable to the pensioners for the half year will be @ 139.20 % on Basic Pension.
| No of slabs | Rate per Slab | Percentage of DA payable | DR on Basic Pension (Before commutation) |
| 928 | 0.15% | 139.20% | Basic Pension× 139.20 % |
DA for pensioners retired on or after 1.11.2002 and up to 31.10.2007
The average CPI for Oct 18 to Dec’18 is 6562.In terms of VIII BPS/Joint Notes, 2288 points of DA was merged with the ‘pay’ and DA rate was fixed at 0.18% per DA slab. The Dearness Relief (DR) payable to pensioners is (6551-2288=4263/4) 1065 slabs for the months of February 2018 to July 2018. It means an increase of 49 slabs over the previous level. Thus, the percentage of DR payable to the pensioners for the half year will be @ 191.70 %
| No of slabs | Rate per Slab | Percentage of DA payable | DR on Basic Pension
(Before commutation) |
| 1065 | 0.18% | 191.70 % | Basic Pension× 191.70 % |
Retired on or after 01.04.1998 till 31.10.2002
Average index 6551-1685 =4866 points (1216 Slabs). It means an increase of 49 slabs over the previous level.
Rate per slab:
Up to Basic pension 3550= 1216x24 %=( 291.84%),
3551 to 5650= 1216x 20 %=( 243.20%),
From Basic pension 5651 to 6010= 1216x 12 %=( 145.92 % of basic pension),
From Basic Pension 6011 and above 1216x6 %=( 72.96% of basic pension)
| Basic pension (before commutation) | DR amount on 1167 slabs |
| Up to basic pension 3550 | Basic Pension×291.84% |
| Basic pension from 3551 to 5650 (2100) | 10360.32+ for the basic pension in excess of @243.20% |
| Basic pension from 5651 to 6010
(360) |
15467.52 +for basic pension in excess of 5650 up to 6010 @ 145.92% |
| Basic pension 6011 and above | 15992.83 + for the basic pension in excess of 6010 @ 72.96% |
Retired on or after 1.11.92/ up to 31.3.98 (1148 merger)
No. of slabs 1353
Average index 6551-1148=5403/4 = 1350 slabs DA on basic pension up to 2400= 1350×35 %=( 472.50%) + From 2401 to Rs.3850 @ 1350 ×29% = (391.50.%) + From 3851 to 4100 @ 1350×17%= (229.50%)+ above 4100 @ 1350×9% = (121.50%)
| Basic pension (before commutation) |
DR Amount on 1350 slabs |
| Up to basic pension 2400 | 472.50% × basic pension |
| Basic pension from 2401 to 3850
(1450) |
11340 + from 2401 up to 3850 @ @391.50% |
| Basic pension from 3851 to 4100
(250) |
17016.75 + for pension in excess of 3851 up to 4100 @ 229.50% |
| Basic pension 4101 and above | 17590.25 +for pension in excess of 4100 @ 121.50% |
Retired on or after 1.1.86 and before 1st November 1992/1st July 1993 and before 01.11.2002[Average index 6562 -600 points merger (1487 Slabs)]
Average 6551-600= 5951=1487 slabs
DA rate on basic: up to 1250 @ 67%x 1487 slabs = (basic pension×996.29%),
1251 up to 2000 @ 55%x1487 slabs= (Basic Pension ×817.85%),
2001 up to 2130 @ 33%x 1487 slabs = Basic Pension×490.71%,
Above 2130 @ 17% x1487 slabs=basic pension×252.79%.
| Basic pension | Total pension |
| Basic pension upto 1250 | Basic Pension +( Basic Pension ×996.29)= 1250+12453.62
total pension=14953.62 |
| Basic pension from 1251 to 2000 | Rs.13703.62+for the basic pension in excess of Rs.1250 @817.85% |
| Basic pension from 2001 to 2130 | Rs.19837.49 +for the basic pension in excess of [email protected]% |
| Basic pension from 2131 above | Rs.20475.41+ for the basic pension in excess of Rs.2130 @ 252.79 |
- Ex-gratia for Pre-1.1.86 retirees, 600 points DA merger in Pay
Average 6562-600=5753/4= (1487 slabs @67% )
| Applicable CPI Average | (600 points merger) | Amount of exgratia per month | Rate of Dearness Relief | Amount of dearness relief per month | Total relief including Basic Dearness relief |
| 6261 | Pre-1.1.86
Retirees |
350 | 996.29% | 3837.01 | 3837.01 |
| 6261 | Spouse of
Pre-1.1.86 Retirees |
175 | 996.29% | 1747.02 | 1918.50 |
What is minimum service for pension in bank.
What is the DA percent in bank pension
Subject to the other conditions contained in the pension regulations, an employee who has rendered a minimum of ten years of service in the Bank An employee (including officer) on the date of his/her retirement or the date on which he/she is deemed to have retired shall qualify for pension. In case of VRS retirement, minimum service period required to qualify for VRS pension scheme is 20 years. DA for serving employees changed once in 3 months and the pensioners are eligible for dearness relief once in 6 months. For latest DA chart click below URL
https://bankingschool.co.in/bank-news/confirmed-da-dearness-allowance-for-august-2016-to-october-2016-bank-staff-will-get-35-slabs-hike/
Dear Sir,
As per pension regulations,1995,the minimum service for getting pension for a pension optee is 10 years and minimum service to qualify for VRS pension Scheme is 20 years. And as per a recent court judgement, additional 5 years service was given to all pensioners who had taKen VRS 2000, for calculating the pension. Sir, I would like to know whether this additional five year benefit will b available to employees who had taken VRS 2000, which was a special scheme that reduced the minimum service period for VRS pension From 20 to 15.So does that mean that a person having more than 15 years service but less than 20 years,sanctioned pension under Special VRS 2000 scheme will get the benefit under Regulatioh 29(5) ?
Sir, the pension anamoly in Banking sector for 7th bipartite retirees is solved only just now. When the all pensioners get the updation of pension whenever there is settlement for wage revision, why the bank pensioners are not being given the benefit of bipartite settlements? And also there is discrimination in the recent days in the effective date of increase in gratuity from Rs.10.00 lac to Rs.20.00 lac. As per 7th pay commission, central govt employees are eligible for this increase wef 01.01.2016, BUT FOR OTHER EMPLOYEES IT IS ONLY FROM 29.03.2018. Why this ill treatment? When the payment of gratuity is under Act and it is applicable to all, why there is difference in implementation date? Com.K.K.Kalia from IOB (Retd) and Com.K.Chandrashekaran from Syndicate Bank (Retd) taking steps to file writ in Supreme Court for getting the effective date from 01.01.2016. Kindly make use of your blogspot among the members to be aware of this and Com.K.Chandrashekaran had started Post card campaign to PM,FM, LM. Let all the members also do the same and let the strength of the retirees be known to the Govt.
I fully share your sentiments.
My basic pension amount is Rs 24285.Ihave retired on 31.10.2017. please let me know my total pension to be paid in Nov 2017. I didn’t opt for computation.
You are eligible for 47.80% of basic pension as dearness relief. Since you have mentioned Rs.24285 is your basic pension you are eligible for dearness relief of Rs.11608.23. Total pension for November 2017 is Rs.24285+11608.23= Rs.35893.23
I am a pensioner of state Bank of India, retired in 1997. My elder brother also retired from sbi in 1994 and in previous month of Oct got an arrears of approximately 1 lac rupees and he also mentioned that I am too eligible and get the amount soon. Now sir, I want to know is it right information? Am I eligible for this?
sir,I don’t know what type of arrears your brother received. The judgment in case of neutralization of DA to pre-2001 retirees is pending in Supreme Court, which may be announced any time. It depends on judgment, whether judgment is going to be favourable or not. Even if the judgment is favourable, again it depends upon effective date of DA neutralization. Let us pray Seniors would get some justice from the court.
I AM RETIRED 1999 APRIL PL LET ME KNOW ABOUT THE RECENT SUPREME COURT JUDGEMENT ON
DA ARREARS TO BE PAID FOR 5YRS 2001 TO 2005 BEFORE 18/4/18
I’m attaching here the following link to enable you to read the details
drive.google.com/file/d/1nY-Jpgo2g8qLX_UXgAekMYWCisjxkEOD/view
File is not getting opened
Click the following URL
https://bankingschool.co.in/bank-news/latest-dearness-relief-chart-for-bank-pensioners/
u really a gem for PSU pensioner. Jio k years to help brothern
What will be my da increase. I took vrs in 2003 now I am getting 19250.I put i n 23 years and six months service. Will it be taken as full service
Thirty three years of service is considered as full service. In the case of VRS, under regulation 29, the qualifying service of an employee retiring voluntarily, shall be increased by a period not exceeding 5 years subject to a condition that it does not exceed beyond the date of superannuation.
Very informative and quick response to the queries/clarification a
Thanks
Since SBI did not accept my VRS, I took voluntary retirement on health grounds. 26 years 7 months service. Bank did not pay Ex. Gratia, for remaining service. How was it ejected ? Can I get it. f
Many people have gone to Court on this issue. Since their bank has not accepted VRS request they have resigned. Becuase someone at the helm of the affair (GM) of those time inhumanly rejected the request and because of the same, they have been deprived of their legitimate right. The court can only set right on this issue.
Sir..I’m retired from psu company .my retirement date may 2017 but still not received my arrears ..plz can you clarify this
Contact/communicate to HRD/PAD of your organisation and remind them that arrears payable to you is not setlled till date.
Whether the pensioners are eligible for standard deduction of Rs.40000/- announced by the FM in today’s budget speech since pension received by them is treated as salary for all practical purposes by the income tax department ?
Yes.Pensioners are eligible for standard deduction of Rs.40000/-.
Fr Pre 2002,Bank Retirees ,Arguements r over and reserved for judgement.For a similar case Kallakurchi Gov’t employees Pensioners Gov’t,Supreme c ourt already delivered.a judgeent stating that there should not be any Distinctio/classification among employees while Disbursemen of DA to different sets of Pensioners in 2013,2014.
If such be the case,Can Supreme court pronounce judgement early?I am an ordinary layman and I am not much aware of the Court proceedings.Hence this question.
Getting update information . thanks
There is no mention in the above blogs reg revised DA for those bank personnel retired between 2012 To 2017. Please provide the same.
DR for pensioners retired on or after 1.11.2012 was wrongly mentioned as 1.11.2017. I have since modified the same. Thanks for pointing out the error.
There is no mention about revised DA applicable to those retired between 2012 To 2017.
Thank you for pointing out the error. Th DR for pensioners retired on or after 1.11.2012 is wrongly typed as 1.11.2017. Regret the error.
Sir good afternoon my name is r.subramanian my totalpension amount is 19160 I am retried 31*12*2000 my pension basicpay how many sir
You must have received PPO from your employer. Go through it, you will find the amount of basic pension as well as amount commuted if any.
I am retired officer of SBT and retired on Feb.2010. My basis pension is Rs.21,265. I had commuted one third of basic pension.
What is the Family pension eligible ie. Basic Family Pension and DA for this and total eligible amount. Nobody is giving correct position.
You must have received PPO from your employer. Please verify the PPO where you find the amount of basic pension.
My Basic pension 14850/- retired on 2010, how much amount of my Family Basic pension.
The ordinery rate of monthly family pension is 15% of Pay. Since your pension (before commutation) is 50% of pay, your spouse would get 30% of your basic pension i.e Rs.4455/-
Dear Sir,
My wife opted for VRS from State bank of Saurashtra on 1.4.2001.Her basic was 4014 for pension.At present she is getting pension more than 18000/-(excluding feb DA).I am unable to calculate DA rate on her basic.
Secondly for pre retiired 2002 the 50% DA merger judgement has come from Supreme court.so arrears will come automatically or she has to claim it.
Pl advise.
Thanks
Arrrears shall be paid by the bank automatically with interest .
Dear Sir,
Could you please be good enough to provide dearness relief slabs from May, 2005 to February, 2018 as these are urgently required for preparing a case.
Thanks and Regards
Jai Parkash Goswami
I’m sharing here labour bureau http://labourbureaunew.gov.in/LBO_indexes.htm
Sir my father SBI staff he is passed away .. My mother is receiving pension from 2010 .. From amt 2800 to 4899 .. It will increase any chance ???
Dear Sir,
My father took VRS from SBI on 31 – march -2001. His pension till December 2017 was 19,425/pm.
His basic was Rs.5,329 + DA= 14,096/-.
As per our records his revised family pension on 2010 was at 1771/-
Sir, I want to know what will be the calculation of DA in terms of family pensioners that is how much will my mother get . her age is 59.
Do let me know as i am not able to get a clarity on DA calculation from the branch office.
Thanks.
Your mother will get one third basic pension of your father and propotionate dearness relief on that.
Sir,
I am VRS optee of 2001. My present basic pension is 7300. Comm. amt. fully repaid.
As DA Cir. given by you I calculated DA as follows:
upto 6010 DA Rs. 15992.83
above 6010 to 7300
i.e. on 1290 @ 72.96% Rs. 941.18
Hence Total DA Rs. 16934/-
+ Basic Pension Rs. 7300/-
Total Pension should be Rs. 24234/-
But my bank today credited Pension Rs. 23979/-
Is there wrong in my calculation?
Please guide me.
Narottam Keer.
9833702815
Write to the pension department of the bank with your calculation and ask them the reason for the difference.
Dear Sir,
From where I can get the old DA rates (Say for last 15 Years) of Bank Pensioners and employees). Please give a replay.
With regards
sankarankutty
I’m sharing here labour bureau http://labourbureaunew.gov.in/LBO_indexes.htm
I retired in December 1998. What will be the effect of recent supreme court judgement regarding D A merger of 1684 points instead of 1984 points? what will be the arrears amount with interest?
In the wage settlement of 1998 the merger point of DA was irrationally fixed at 1616 points for for the purpose of fixing the Basic Pension to the Retirees of the relevant period where as for serving officers and employees it was fixed 1684 points.This reduced basic pension to about 41% of the last drawn basic pay instead of 50% of the last drawn basic pay as per the Bank Employees Pension Regulation 1995.
Hon’ble Supreme Court of India on 13th Feb 2018 restored the same granted benefit to affected retirees in all banks and orderedpayments of arrears for thosewho retired during April 1998 to October 2002 with an interest at 9% within four months from the date of order.
My basic pension Rs 6354 and retired in 2001. Current pension plus DR is Rs 22597.81. How does the present supreme court judgement on DA neutralization will benefit me. Could you please enlighten me.
In the wage settlement of 1998 the merger point of DA was irrationally fixed at 1616 points for for the purpose of fixing the Basic Pension to the Retirees of the relevant period where as for serving officers and employees it was fixed 1684 points.This reduced basic pension to about 41% of the last drawn basic pay instead of 50% of the last drawn basic pay as per the Bank Employees Pension Regulation 1995.
Hon’ble Supreme Court of India on 13th Feb 2018 restored the same granted benefit to affected retirees in all banks and orderedpayments of arrears for thosewho retired during April 1998 to October 2002 with an interest at 9% within four months from the date of order.
Dear Sir,
My mother is getting the family pension from canara bank amount of Rs.4900 from past 15 years it’s increasing only Rs.100-150 once in 6 months. Is there any chances of increase in the family pension like standardisaion like one rank one pension ?
Retiree’s associations are pleading for IBA and Bank Managements to increase the Family Pension in line with RBI and Government employees.Though, there are assurances so far nothing is materilised because it appears that employees unions are not serious about this sensitive issue.
Dear Sir,
Most respectfully I have to say that my father was an Assistant Manager in State Bank of India and he died on 23rd July 2001.
After his death, my mother got full pension for the period of 5 years.
Please let me know whether she is eligible for the arrears of 7th Bipartite pension revision or not.
I am waiting for your valuable advice.
Your kind cooperation is solicited in this regard.
Arrears if any eligible under latest Supreme Court judgment is payable to your mother with 9% interest.
Dear Sir,
The BP was refixed wef 1.05.2005 based on Court Order ,relating to pensioners who had taken VRS 2000,ie retiredafter 1.4.
1998 but before 31.10.2002. I had taken VRS from IOB on 30.4.2001 and my basic pension was refixed wef 1.5.2005. So, I feel that, as per Supreme Courts order dated 13.2.2018, arrears relates to only 1.05.2001 to 30.04.2005 along with the proportionate DA increase and the interest thereon as the discrepency in BP hasalready been rectified wef 1.05.2005. Kindly comment.
Yes you are right. You will be eligible for arrears for the period 1.05.2001 to 30.4.2005 along with 9% interest.
Sir I am retired in June 2016 as astt. Manager
From nationalised bank my gross salary was above 90000/ but I am getting pension of rs.
29347 which is very less in comparison of state government and central government officers .Will I get pension at par with central and state government officers .they are getting very high pension then me
Sir from where we can get salary slip for Retired bank officer for our own
Retirees do not get salary as such no salary slip is issued. However, most of the banks issue statement of Pension disbursed to their pensioner during a financial year to enable them to calculate tax liabilities.
I get a family pension from Bob. My husband was a2001 VRS retiree in the manager’s cadre MMIi scale. I get enhanced pension which is one third of my husband’s pension. Am I eligible for DA relief, My basic is 4386.. How should I claim if I am entitled to it.
In the wage settlement of 1998 the merger point of DA was irrationally fixed at 1616 points (as against 1684 points for serving officers) for the purpose of fixing basic pension to the retirees. The Hon’ble Supreme Court in its judgment on Feb 13, restored the same as per Penssion Regulation.Therefore, banks have refix the basic pension for the officers retired between 1998-2002 and pay arrears for those retirees with 9% interest within four months from the date of order. If any arrears payable to your husband on the basis of above judgement, bank shall credit the amount to your account without any seperate claim from you. Keep in touch with the other retirees of same period and find out whether the bank has paid the arrears to them.
Sir
I took VRS on 30.11.2002. My Basic Pay was Rs 14240 at the time of my taking VRS. This was as per 7th BPS. I had put in 26 years of qualifying service I.e.actual 21 plus 5 years. My Basic Pension got fixed at Rs 7285/- and together with DA I am getting around Rs 18880 after commutation. I feel the Basic Pension is very low. Is my belief right ? Am I eligible to consider the revised pay scales of 8th BPS for calculaultion of basic pension ? The equivalent BP as per revised pay scales is Rs 21040/-
Kindly clarify.
Dear Shri Surendra Naik,
resigned from IOB in 2000 with last pay drawn Rs15530. Upon pension option offered in 2009, my pension was fixed as Rs6354 with 27 years qualifying service. Is there any benefit that I get based on recent supreme Court judgement of 13 Feb 2018 ad IBA Circular dated 03 April 2018. Could you please advise.
Nirmal
All those retired after 01.04.1998 till 2.6.2005 will be eligible to receive arrears on refixation of basic pension on index of 1684 (in lieu of index 1616)from the date of retirement with interest at 9%.
Amount of arrrears will be approximately Rs.40000 to Rs.150000 depending upon the grade and period involved.As per latest IBA circular the arrears have to be paid by 13.06.2018. Best wishes.
sir
where can I get the Da rates for the period May 2005 to Aug2018?
Join the fB group banking 365 (https://www.facebook.com/groups/547920251943741/?ref=bookmarks). Mr.Mohandas Rao.K posted on 1.08.2018 the Chart from 2001 to August 2018. You may get the detail.
I took VRS in April2001. The hike in pension per month (not the arrears part) will now continue to be available now also? The arrears though will be paid up to May 2005 only.
Will the hike in pension per month due to refixation of basic pension on accounts of DA merger to 1684 points available from now on?
Yes. Da will be calculated on revised basic.
Sir good afternoon my name is subramani I am working as a clerk in indianbank I have also retried vrs on 30*12*2000 supreme Court just order passed arrears so the above dearness allowance arrears is eligible to me please inform thanks sir
Hon’ble Supreme Court of India on 13th Feb 2018 granted benefit to affected retirees in all banks and ordered payments of arrears for those who retired during 1998 to October 2002 with an interest at 9% within four months from the date of order. All the banks have to comply with the order of Supreme Court before June 13. You are eligible for revised DA arrears for the said period.
Sir. Retd during Aug 2006 after 15 years on superannuation. Being in a rrb , now sc ruled to grant pension at per PSB, kindly let me know how would get. Clerk
As per reliable information, MOF government of India communicated to enquirers in this regard that in the wake of Hon’ble SC judgment dated 25.04.2018, the action is under process. We hope govt. will take POSITIVE action as per SC order.All the best.
I retired on may 2015 and my basic pension is 28655.
Please let me know the da for my basic pension
Thanks
52.90% of your basic is your present DA
Sir vanakam reply pannathukku very thanks sir one small dout I took bank vrs 2000 arrears come today (12*6*18) sir how many percent merge dearness allowance to basic pay sir 41 or 50 percent please inform kindly thanks sir
After removal of the anomaly, it is now 50%.
What would be family pension of a retired bank officer if his basic of pension is Rs 27935 ¿
15% of your last drawn pay.
A banker has retired in 2013.his bssic pension is at that time.if the fresh settlement due in 2017 is finalised.whether
The basic pension of Retiree of 2013 will get increased.
Pray God!
Mr. Naik , I am retiree banker. Is there a website which gives the DA merger calculations from 1/4/98 t0 30/4/2005 inview of the recent supreme court order?there are many discrepancies in the amount settled by the banks
Pl find the detail from the following link https://drive.google.com/file/d/17q8tkG6UI1sRrIZNL4Q1vOvaQjINgrwY/view
Sir,
I am a serving Bank employee. For the purpose of calculating arrears of salary, I need DA circulars
for the period 01-01-2001 to 31-03-2005.
Can you please help me ?
Thanks
H. Suresha
IBA website provides the detail.
Sir good afternoon I am retried indianbank staff i took vrs 30*12*2000 I get arrears 12*6*18 my pension amount RS 19744 June month pension is created 2*7*18 Rs 19744 my pension is not increase if I am eligible salary increase or not please kindly inform sir
Pl find the detail from the following link https://drive.google.com/file/d/17q8tkG6UI1sRrIZNL4Q1vOvaQjINgrwY/view
Mr. surinder nail gi
as per CSR rules if the employee service removed with superanuation benefits and employee completed 10 years service he is eligible 2/3rd pension and if he complete 15 years service he is eligible for full pension and not proporationate pension as indianbank is paying. Anil bhalla cell no 9646170022
Sorry sir, I’m not qualified to offer you proper guidance in the above matter.
Sir,
I have retired from a nationalised bank as an officer on 30-04-2018. After 11th bipartite settlement my basic pay will be revised from Nov,2017. So, while calculating revised basic pension, how will the averge basic pay of the last 10 months be
calculated ! What will be the (revised)DA rate on revised basic pension ? Of course 11th settlment is not yet finalised. Please
guide me for my future use.
Mr.Parida, I do not know how they will calculate basic pension for an employee whose average salary for 10 months involves a few months salary of prior to November 2017. The current rate @ 0.10% per slab is fixed on the basis of deduction of 4440 DA Slabs which are merged in basic pay as per 10th BPS. The per slab rate may be changed if some more DA slabs are merged with the basic in the ensuing settlement. However, if the current rate @ 0.10 % per slab is not changed in the next settlement then it does not affect you and only if the rate of percentage per slab is reduced then it would affect you. In that case, logically they must notionally update pre-November 17 salaries with revised basic. Anyways as I do not know the process, I am not qualified to explain to you. If you come to know from other sources, I shall be thankful to let me know the exact procedure. Regards.
sir, what will be in approximate pension at starting for Scale II at basic 51940 with 31 year service,
If you have retired on superannuation (completion of 60 years age), your basic pension is (31/33) multiplied by 50% of your last drawn basic. Once you arrive your basic pension multiply the same at DA 54.10%.Basic pension plus DA is your gross pension.
Sir,
Is there any chance of revision for SBI family pension who are getting Rs 300 as basic for those who are getting family pension from 1988. I think there is no change for them from the starting of family pension. Other state and central govt pensioners are getting revision when ever the pay commission increased the pay revision for those working employees.
they are getting DA nutralisation why for SBI family pensioners are not getting this chance.
So far no development in this regard. Pensioners associations and AIBOC have been trying to impress upon IBA and the Government for DA neutralization/ revision of Pension. It appears that nobody is bothered by the pathetic conditions of Bank Pensioners.