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 

  • 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+351 % over 3550
Basic pension from  5651 to 6010 (360@ 12% per slab)22063.60 + 210.60 % over 5650
Basic pension 6011 and above@6% per slab22821.76 +105.30 % over 6010
Surendra Naik

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Surendra Naik

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