Dearness relief for bank pensioners: 23 slabs more from August 2021

AICPIN-IW for June 2021 has been released by Labour Labour Bureau on 29.07.2021. The average index numbers for the period of April 2021 to June 2021works out to 7940 (base 1960=100). It means Dearness relief for the Bank pensioners will be increased to 23 slabs for the half-year from August 2021 to January 2022. The details of the percentage of dearness relief payable to bank pensioners retired from time to time are as under.

Retired on or after 1.11.2017: Average index: 7940 – 6352=397 slabs

No of slabs	Rate per Slab @	Percentage of DR payable	DR payable on Basic Pension (Before commutation)
397	0.07	27.79 %	Basic Pension × 27.79%

Retired on or after 1.11.2012: Average index: 7940 -4440 points (875 slabs)

No of slabs	Rate per Slab @	Percentage of DR payable	DR on Basic Pension (Before commutation)
875	0.10	87.50%	Basic Pension × 87.50%

Retired on or after 1.11.2007 up to 31.10.2012: Average index 7940-2836 points (1276 slabs)

No of slabs	Rate per Slab	Percentage of DR payable	DR payable on Basic Pension (Before commutation)
1276	0.15	191.40%	Basic Pension× 191.40 %

Retired on or after 1.11.2002 and up to 31.10.2007 Average index 7940-2288 (1390 slabs)

No of slabs	Rate per Slab	Percentage of DR payable	DR on Basic Pension (Before commutation)
1413	0.18	254.34%	Basic Pension× 254.34 %

Retired on or after 01.04.1998 till 31.10.2002 Average index number7940-1684: (1564 slabs)

Basic pension (before commutation)	DR amount
Up to basic pension 3550@24% per slab	Basic Pension×375.36 %
Basic pension from 3551 to 5650 (2100@ 20% per slab)	13325.28 + for the basic pension in excess of @312.80%
Basic pension from 5651 to 6010 (360@ 12% per slab)	13325+6568.80= 19893.80 +for basic pension in excess of 5650 up to 6010 @ 187.68%
Basic pension 6011 and above@6% per slab	19893.80 + 675.64 =20569.44 + for the basic pension in excess of 6010 @93.84 %

Retired on or after 1.11.92/1.7.93 up to 31.3.98 Average index 7940 -1148(1698 slabs)

Basic pension (before commutation)	DR Amount
Up to basic pension 2400 (@ 35% per slab	594.30 % × basic pension
Basic pension from 2401 to 3850 (1450@29% per slab)	14263.20 + from 2401 up to 3850 @ @492.42%
Basic pension from 3851 to 4100 (250@17% per slab)	14263.20+ 7140.09= 21403.29 + for pension in excess of 3851 up to 4100 @ 284.75%
Basic pension 4101 and above @9% per slab	21403.29+ 825.24. +for pension in excess of 4100 @ 152.82%

Retired on or after 1.1.86 and before 1^st November 1992/1^st July 1993 and before 01.11.2002

Average index number 7940- 600 (1835 slabs)

Basic pension	DR amount on 1835 slabs
Basic pension up to 1250@ 67% per slab	Basic Pension x 1229.45%
Basic pension from 1251 to 2000 (750) @55% per slab	Rs.15368.12 +for the basic pension in excess of Rs.1250 @1009.25%
Basic pension from 2001 to 2130 (130)@33% per slab	Rs.15368.12+ 7569.25=22937.37+for the basic pension in excess of Rs.2000@605.55%
Basic pension from 2131 above @17% per slab	Rs.22937.37+ 787.21=23050.58+ for the basic pension in excess of Rs.2130 @ 311.95%