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.
| 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% |
| 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% |
| 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 % |
| 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 % |
| 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 % |
| 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% |
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% |
The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the…
In terms of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,…
Many methods and techniques are used in the analysis of financial statements including profit and…
The Government of Uttar Pradesh vide order No. 870/3-2024-39(2)/2016 dated 17.12.2025 declared following days as…
Financial statement disclosures are non-financial information that appears at the end of a financial statement.…
NPCI warns users about the rising 'Digital Arrest' scam targeting UPI users, in which scammers…