Categories: Bank Staff

Bank pensioners’ dearness from August’24 to January ’25

Consumer Price Index for April, May, and June 2024 are 139.40, 139.90, and  141.40 respectively. Average converted to 1960 base) becomes 9218.74. The increase in slabs 9218.74/4 is 716.85 rounded off to 717 slabs. Hence The increase in DA slabs for the pensioners is 24 from AUG 2024 to January 2025.

The details of dearness relief (DR) payable to pensioners are as follows

Retired Before 01.11’.92

No of slabsRate per slabDR payable on Basic pension before commutationPlus exgratia
21540.671443.18%+Exgratia basic Upto  1250=Rs 800  1251-2000 Rs 450

Retired between 01.11.92 and 31.03.98 2017

No of slabsRate per slabPercentageDR payable on Basic pension before commutation
20170.35705.95%+Exgratia  up to 2400  Rs 800 2401 to 3850 Rs Rs 450

Retired between 01.4.98 and  31.10.2002

No of slabsRate per slabPercentageDR payable on Basic pension before commutation
18830.24451.92%+Exgratia  Upto 3550 Rs 800  3551 to 5650 Rs 450

Retired between 1.11.2002 and  31.10.2007

No of slabsRate per slabPercentageDR payable on Basic pension before commutation
17320.18311.76As stated below

Retired between 01.11.07 and  31.10.2012

No of slabsRate per slabPercentageDR payable on Basic pension before commutation
15950.15239.25%As stated below

Retired between 01.11.2012 and 31.10.2017

No of slabsRate per slabPercentageDR payable on Basic pension before commutation
11940.10%119.40%As stated below

1.11.17 to 31.10.2022 

No of slabsRate per slabPercentageDR payable on Basic pension before commutation
7160.0750.12%As stated below

Pesnioners Retired after 1.11.2022 onward  No slab system. Based on index no. @ 17.20% 

• The Ex-gratia amount is fixed for the period between 01.11.2022 and 31.10.2027 and shall be payable from November 2022 onwards.

Retired during the periodExgratia factor
Workmen retired during 1.1.86 to 31.10.92 Officers retired during 1.1.86 to 30.06.930.17
Workmen retired during 1.11.92 to 31.03.98 Officers retired during 1.7.93 to 31.03.98   0.15
Workmen/Officers  retired during  1.04.98 to 31.10.20020.12
Workmen /Officers retired during 1.11.2002 to 31.10.20070.07
Workmen /Officers retired during 1.11.2007 to 31.10.20120.05
Workmen/Officers  retired during 1.11.2012 to 31.10.20170.03
Workmen/Officers  retired during 1.11.2017 to 31.10.20220.02
Surendra Naik

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Surendra Naik

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