Dearness relief for Bank Pensioners from Feb 2021 to July 2021

Based on the CPI announced, the average index number works out to7849 (base 1960=100). It means Dearness relief for the Bank pensioners will be77 slabs. The details of the percentage of dearness relief payable for the period from February 2021 to July 2021 to bank pensioners retired at various periods are as under.

October 2020	November 2020	December 2020
119.50 = 7855.76 (1960)	119.90= 7882.06 (1960)	118.80 = 7809.74 (1960)

Average=7849 points

The percentage of Dearness Relief (DR) payable to the bank pensioners for the half-year February 2021 to July 2021 will be as under.

1. Retired on or after 1.11.2017:  Average index: 7849 – 6352 points ( 374 slabs)

No of slabs	Rate per Slab @	Percentage of DR  payable	DR payable on Basic Pension (Before commutation)
374	0.07	26.18%	Basic Pension × 26.18%

• Retired on or after 1.11.2012:  Average index: 7849-4440 points (852 slabs)

No of slabs	Rate per Slab @	Percentage of DR  payable	DR on Basic Pension (Before commutation)
852	0.10	85.20%	Basic Pension × 85.20%

• Retired on or after 1.11.2007 up to 31.10.2012: Average index 7849-2836 points  (1253 slabs)

No of slabs	Rate per Slab	Percentage of DR  payable	DR payable on Basic Pension (Before commutation)
1253	0.15	187.95%	Basic Pension× 187.95 %

• Retired on or after 1.11.2002 and up to 31.10.2007 Average index 7849-2288 (1390  slabs)

No of slabs	Rate per Slab	Percentage of DR  payable	DR on Basic Pension  (Before commutation)
1390	0.18	250.20%	Basic Pension× 250.20 %

• Retired on or after 01.04.1998 till 31.10.2002  Average index number7849-1684: (1541 slabs)

Basic pension (before commutation)	DR amount
Up to basic pension 3550@24% per slab	Basic Pension×369.84 %
Basic pension from 3551 to 5650 (2100@  20% per slab)	13129.32 + for the basic pension in excess of @308.20%
Basic pension from  5651 to 6010 (360@ 12% per slab)	19601.52 +for  basic pension in excess of 5650 up to 6010 @ 184.92%
Basic pension 6011 and above@6% per slab	20267.23 + for the basic  pension in excess of 6010 @92.46%

• Retired on or after 1.11.92/1.7.93 up to 31.3.98 Average index 7849 -1148(1675 slabs)

Basic pension (before commutation)	DR Amount
Up to basic pension 2400 (@ 35% per slab =586.25%)	586.25 % × basic pension
Basic pension from 2401 to 3850 (1450@29% per slab=485.75%)	14070 + from 2401 up to 3850 @  @485.75%
Basic pension from  3851 to 4100 (250@17% per slab)	21113.37 + for pension in excess of 3851 up to 4100 @ 284.75%
Basic pension 4101 and above @9% per slab	21825.24. +for pension in excess of 4100  @ 150.75%

• 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 7849- 600 (1812 slabs)

Basic pension	DR amount on 1812  slabs
Basic pension up to 1250@ 67% per slab	Basic Pension x 1214.04%
Basic pension from 1251 to 2000 (750) @55% per slab	Rs.15175.50 +for the basic pension in excess of Rs.1250 @996.60%
Basic pension from  2001 to 2130 (130)@33% per slab	Rs.22650+for the basic pension in excess of [email protected]%
Basic pension from 2131 above @17% per slab	Rs.34609.20  for the basic pension in excess of Rs.2130 @ 308.04%