Categories: Bank Staff

Dearness Relief for Bank Pensioners from February 2022 –July 2022

The average AICPIN-IW for the months of October 2021, November 2021, and December 2021 has been released by Labour Bureau on 29.10.2021 is 8236 as per index numbers released by Labour Bureau of India. Accordingly, the number of DA slabs and DR payable on basic pension (including commutation amount) worked out as under.

  1. Retired on or after 1.11.2017:  Average index: 8242 – 6352=471 slabs
No of slabsRate per Slab @Percentage of DR  payableDR payable on Basic Pension (Before commutation)
4710.0732.97 %Basic Pension × 32.97 %
  • Retired on or after 1.11.2012:  Average index: 8242 -4440 points (949 slabs)
No of slabsRate per Slab @Percentage of DR  payableDR on Basic Pension (Before commutation)
9490.1094.90%Basic Pension ×94.90%
  • Retired on or after 1.11.2007 up to 31.10.2012: Average index 8242-2836 points  (1350  slabs)
No of slabsRate per SlabPercentage of DR  payableDR payable on Basic Pension (Before commutation)
13500.15202.50%Basic Pension× 202.50 %
  • Retired on or after 1.11.2002 and up to 31.10.2007 Average index 8242-2288 (1487  slabs)
No of slabsRate per SlabPercentage of DR  payableDR on Basic Pension  (Before commutation)                                     
14870.18267.66%Basic Pension× 267.66 %
  • Retired on or after 01.04.1998 till 31.10.2002  Average index number8242-1684: (1564 slabs)
Basic pension (before commutation)DR amount                  
Up to basic pension 3550@24% per slabBasic Pension× 393.12%
Basic pension from 3551 to 5650 (2100@  20% per slab)13955.76+327.6% over 3550
Basic pension from  5651 to 6010 (360@ 12% per slab)20835.36+196.56% over 5650
Basic pension 6011 and above@6% per slab21542.98+98.28% over 6010
  • Retired on or after 1.11.92/1.7.93 up to 31.3.98 Average index 8242 -1148(1772 slabs)
   Basic pension (before commutation)  DR Amount
Up to basic pension 2400 (@ 35% per slab620.20 % × basic pension 
Basic pension from 2401 to 3850 (1450@29% per slab)14884.8+513.88% over 2400
Basic pension from  3851 to 4100 (250@17% per slab)22336.06+301.24% over 3850
Basic pension 4101 and above @9% per slab23089.16+159.48% over 4100
  • Retired on or after 1.1.86 and before 1st November 1992/1st July 1993 and before 01.11.2002

Average index number8292- 600 (1909 slabs)

Basic pensionDR amount on 1909 slabs
Basic pension up to 1250@ 67% per slab Basic Pension x 1279.03%
Basic pension from 1251 to 2000 (750) @55% per slabRs.15987.88 +for the basic pension in excess of Rs.1250 @1049.95%
Basic pension from  2001 to 2130 (130)@33% per slab23862.50+629.97% for BP over 2000
Basic pension from 2131 above @17% per slab24681.46+324.53% for BP over 2130

Related Post: Dearness allowance for bank employees and officers for Feb-April 2022
Surendra Naik

Share
Published by
Surendra Naik
3 years ago

Recent Posts

Explained: Disclosures Prescribed by RBI under Basel-III

The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the…

8 hours ago

Disclosure requirement of Banks Listed on a Stock Exchange

In terms of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,…

10 hours ago

Understanding Comments on Profit and Loss Account Items

Many methods and techniques are used in the analysis of financial statements including profit and…

1 day ago

Uttar Pradesh State General Holidays 2025

The Government of Uttar Pradesh vide order No.  870/3-2024-39(2)/2016 dated 17.12.2025 declared following days as…

2 days ago

Disclosure Requirements of Banks to Notes to Accounts,

Financial statement disclosures are non-financial information that appears at the end of a financial statement.…

2 days ago

‘Digital Arrest’ Scam: NPCI alerts UPI users

NPCI warns users about the rising 'Digital Arrest' scam targeting UPI users, in which scammers…

3 days ago