Categories: Bank Staff

Bank pensioners Dearness chart for the period Feb 2023 to July 2023

Consumer Price Index for October 2022, November 2022, and December 2022 are respectively- 132.50, 132.50, and   132.3.  It works out to 62 slabs of DR for the half year February  2023 to July 2023. Hence there will be an increase of 62  slabs in DR from  February 2023  to July  2023.

New DR (Dearness Relief) Rate is    41.16 %.

  • Retired on or after 1.11.2017:  Average index: 8706 – 6352= 2354= 526 slabs
No of slabsRate per Slab @Percentage of DR  payableDR payable on Basic Pension (Before commutation)
5880.0741.16 %Basic Pension ×41.16 %
  • Retired on or after 1.11.2012:  Average index: 8706 -4440 points (1066 slabs)
No of slabsRate per Slab @Percentage of DR  payableDR on Basic Pension (Before commutation)
10660.10106.60%Basic Pension ×106.60%
  • Retired on or after 1.11.2007 up to 31.10.2012: Average index 8706-2836 points  (1467  slabs)
No of slabsRate per SlabPercentage of DR  payableDR payable on Basic Pension (Before commutation)
14670.15220.05 %Basic Pension× 220.05 %
  • Retired on or after 1.11.2002 and up to 31.10.2007 Average index 8706-2288 (1604 slabs)
No of slabsRate per SlabPercentage of DR  payableDR on Basic Pension  (Before commutation)                                     
16040.18288.72%Basic Pension× 288.72 %
  • Retired on or after 01.04.1998 till 31.10.2002  Average index number8706-1684: (1755 slabs)
Basic pension (before commutation)DR amount                  
Up to basic pension 3550@24% per slabBasic Pension× 421.20%
Basic pension from 3551 to 5650 (2100@  20% per slab)14952.60+338.60 % over 3551%
Basic pension from  5651 to 6010 (360@ 12% per slab)22323.60 + 210.60 % over 5650
Basic pension 6011 and above@6% per slab23801.76 +105.30% over 6010
  • Retired on or after 1.11.92/1.7.93 up to 31.3.98 Average index 8706 -1148(1889 slabs)
   Basic pension (before commutation)  DR Amount
Up to basic pension 2400 (@ 35% per slab661.15 % × basic pension 
Basic pension from 2401 to 3850 (1450@29% per slab)15867.60+547.81 % over 2400
Basic pension from  3851 to 4100 (250@17% per slab)23360.80 +321.13% over 3850
Basic pension 4101 and above @9% per slab24613.70+170.01% over 4100
  • Retired on or after 1.1.86 and before 1st November 1992/1st July 1993 and before 01.11.2002

Average index number8706- 600 (2026 slabs)

Basic pensionDR amount on 2026 slabs
Basic pension up to 1250@ 67% per slab Basic Pension x 1357.42%
Basic pension from 1251 to 2000 (750) @55% per slabRs.16967.75 +for the basic pension in excess of Rs.1250 @1114.30%
Basic pension from  2001 to 2130 (130)@33% per slab25325 +668.58 % for BP over 2000
Basic pension from 2131 above @17% per slab26194.15 +344.42 for BP over 2130
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Surendra Naik

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Published by
Surendra Naik
1 year ago

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