Categories: Bank Staff

Dearness Relief payable to Bank Pensioners (Aug ’18 to Jan’19)

The percentage of Dearness Relief (DR) payable to the bank pensioners for the half year August 2018 to January 2019 will be as under.

  1. Retired on or after 11.2012:  541 slabs @ 0.10%=54.10%
No of slabs Rate per Slab Percentage of DR  payable DA on Basic Pension (Before commutation)
541 0.10% 54.10% Basic Pension × 54.10%

 

  1. Retired on or after 1.11.2007 up to 31.10.2012:942 slabs @ 0.15%@141.30%

 

No of slabs Rate per Slab Percentage of DR  payable DA on Basic Pension (Before commutation)
942 0.15% 141.30% Basic Pension× 141.30 %

 

DA for pensioners retired on or after 1.11.2002 and up to 31.10.2007 (1079 slabs)

 

No of slabs Rate per Slab Percentage of DR  payable DA on Basic Pension

(Before commutation)

1079 0.18% 194.22% Basic Pension× 194.22 %

 

Retired on or after 01.04.1998 till 31.10.2002

 

Basic pension (before commutation) DR amount on 1230 slabs
Up to basic pension 3550 Basic Pension×295.20%      : (@0.24% per slab)
Basic pension from 3551 to 5650 (2100) 10479.60+ for the basic pension in excess of @246.00%

(@0.20% per slab)

Basic pension from  5651 to 6010

(360)

15645.60 +for  basic pension in excess of 5650 up to 6010 @ 147.60% (@0.12% per slab)
Basic pension 6011 and above 16176.96 + for the basic  pension in excess of 6010 @ 73.80% (@0.06% per slab)

 

Retired on or after 1.11.92/1.7.93 up to 31.3.98 (1148 merger)    1364 slabs

   Basic pension (before commutation)  

DR Amount on 1301 slabs

Up to basic pension 2400 477.40% × basic pension  (@0.35% per slab)
Basic pension from 2401 to 3850

(1450)

11457.60 + from 2401 up to 3850 @  @395.56% (@0.29% /slab)
Basic pension from  3851 to 4100

(250)

17193.22 + for pension in excess of 3851 up to 4100 @ 231.88%

(@0.17% per slab)

Basic pension 4101 and above 17772.92 +for pension in excess of 4100  @ 122.76% (@0.09%/slab)

 

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

(1501 slabs)

Basic pension DR amount on 1501 slabs@67%
Basic pension upto 1250 Basic Pension + Basic Pension ×996.29%=

total pension1250+12453.62=13703.62

Basic pension from 1251 to 2000 Rs.13703.62+for the basic pension in excess of Rs.1250 @825.55%
Basic pension from  2001 to 2130 Rs.19895 .24+for the basic pension in excess of Rs.2000@491.70%
Basic pension from 2131 above Rs.20624.45+ for the basic pension in excess of Rs.2130 @ 253.30%

 

Ex-gratia for  Pre-1.1.86 retirees, 600 points DR merger in Pay (1501 slabs)@67%/slab

Applicable CPI Average (600 points merger) Amount of exgratia per month Rate of Dearness Relief Amount of dearness relief per month Total  relief including Dearness relief
6261 Pre-1.1.86

Retirees

350 1005.67% 3519..84 3869.84
6261 Spouse of

Pre-1.1.86

Retirees

175 1005.67% 1759.92 1934.92

 

Surendra Naik

Share
Published by
Surendra Naik

Recent Posts

Overview: Cost of Debt, Taxation, & Capital Structure

The cost of debt is the interest rate a company pays on its debt, and…

4 minutes ago

Various Theories/Approaches on Capital Structuring Explained

This article explains the assumptions and key aspects of approaches to capital structuring, including the…

17 hours ago

Factors Influencing Decision on Capital Structuring

A company's capital structure is influenced by various factors, including its size, profitability, growth prospects,…

18 hours ago

Understanding Leverage and Gearing

Leverage and gearing are financial terms that refer to the use of debt by a…

2 days ago

Meaning of Capital Structuring of a Company

Capital structure is the combination of debt and equity used by a company to finance…

2 days ago

Overview: Global and Indian Forex Market

The foreign exchange market, or Forex Market (FX market), is a global decentralized over-the-counter (OTC)…

3 days ago