Consumer Price Index for April, May, and June 2023 are respectively- 134.20, 134.70, and 136.40. For Bank pensioners, it works out to 632- slabs of DA for the quarter of August to October 2023. Hence there will be an increase of 44 slabs in DR for the pensioners for the half period August 2023 to January 2024.
Note: Dearness Relief payable to pensioners on the entire basic pension before commutation
Pensioner 1.11.2017 at slabs increase of 44 slabs @44.24%
1.11.2012 increase of 44 slabs DR payable @ 110.10%
1.11.2007 increase of 35 slabs DR payable @ 225.3 %
DR is payable to pre-01.11.2002 pensioners under the existing system and at 100% neutralization of DR is also worked out at the bottom of this article.
Calculation:
- Retired on or after 1.11.2017: Average index: 8881 – 6352= 2529= 632 slabs
| No of slabs | Rate per Slab @ | Percentage of DR payable | DR payable on Basic Pension (Before commutation) |
| 632 | 0.07 | 44.24 % | Basic Pension ×44.24 % or basic ×0.4424 |
- Retired on or after 1.11.2012: Average index: 8881 -4440 points (4441/4=1145 slabs)
| No of slabs | Rate per Slab @ | Percentage of DR payable | DR on Basic Pension (Before commutation) |
| 1145 | 0.10 | 114.50% | Basic Pension ×114.50% or Basic ×1.1145 |
- Retired on or after 1.11.2007 up to 31.10.2012: Average index 8881-2836 = 6045 points (1511 slabs)
| No of slabs | Rate per Slab | Percentage of DR payable | DR payable on Basic Pension (Before commutation) |
| 1511 | 0.15 | 226.65 % | Basic Pension× 226.65 % or Basic Pension× 2.2665 |
- Retired on or after 1.11.2002 and up to 31.10.2007 Average index 8881-2288=6593 points (1648 slabs)
| No of slabs | Rate per Slab | Percentage of DR payable | DR on Basic Pension (Before commutation) |
| 1648 | 0.18 | 296.68% | Basic Pension× 296.68 % or Basic Pension× 2.9668 |
- Retired on or after 01.04.1998 till 31.10.2002 Average index number8881-1684= (1799 slabs)
| Basic pension | DR amount |
| Up to basic pension 3550@24% per slab | Basic Pension× 431.82% |
| Basic pension from 3551 to 5650 (2100@ 20% per slab) | 15329.61+359.8 % over 3550 |
| Basic pension from 5651 to 6010 (360@ 12% per slab) | 22884.80 + 215.88 % over 5650 |
| Basic pension 6011 and above@6% per slab | 23661.96 +107.94% over 6010 |
| Note: on @100% neutralization after DFS approval: DA for the entire basic pension @ 431.82% or multiply your entire basic pension@ 4.3182 |
- Retired on or after 1.11.92/1.7.93 up to 31.3.98 Average index 8881-1148=7733 points (1933 slabs)
| Basic pension (before commutation) | DR Amount |
| Up to basic pension 2400 (@ 35% per slab | 676.55 % × basic pension |
| Basic pension from 2401 to 3850 (1450 @29% per slab) | 16237.20+560.57 % over 2400 |
| Basic pension from 3851 to 4100 (250@17% per slab) | 24365.47 +328.61% over 3850 |
| Basic pension 4101 and above @9% per slab | 25187.47+173.97 % over 4100 |
| Note: on @100% neutralization after DFS approval: DA for the entire basic pension @ 676.55% or multiply your entire basic pension@ 6.7655 |
- Retired on or after 1.1.86 and before 1st November 1992/1st July 1993 and before 01.11.2002
Average index number8881- 600= 8281 points (2070 slabs)
| Basic pension | DR amount on 2070 slabs |
| Basic pension up to 1250@ 67% per slab | Basic Pension x 1386.90% |
| Basic pension from 1251 to 2000 (750) @55% per slab | Rs.17336.25 +for the basic pension in excess of Rs.1250 @1128.05% |
| Basic pension from 2001 to 2130 (130)@33% per slab | 25875 +683.10 % for BP over 2000 |
| Basic pension from 2131 above @17% per slab | 26763.03 +351.90% for BP over 2130 |
| Note : on @100% neutralization after DFS approval : DA for the entire basic pension @ 1387.06 % or multiply your entire basic pension@ 13.8706 |
