Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/D/G2/2024-25/1322-A
August 16, 2024
Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension
Dear Sir/ Madam,
Attention is drawn to our earlier circular No.CIR/HR&IR/D/G2/2024-25/1322 dated 7.8.2024, wherein the DR payable to pre November 2002 retirees / family pensioners by member banks who are yet to implement our letter HR&IR/MBR/G2/0533 dated 16.10.2023, was communicated.
To bring more clarity in the DR calculation, we request such of those member banks who are yet to implement our letter HR&IR/MBR/G2/0533 dated 16.10.2023, to ignore the Annexure I to the said circular and consider the Annexure I to this circular.
Yours faithfully,
Sd/-
Brajeshwar Sharma
Senior Advisor (HR&IR)
Annexure I
| PART-I | ||||||||
Dearness Relief to pensioners who retired on or after 1st day of January,1986, but before the 1st day of November,1992/1st July, 1993 |
||||||||
| BASIC PENSION |
|
|||||||
| (i) | Upto Rs.1250/- | 1443.18 percent | ||||||
| (ii) | Rs.1251/- to Rs.2000/- | Rs.18039.75 plus 1184.70 percent of Basic Pension in excess of Rs.1250/- | ||||||
| (iii) | Rs.2001/- to Rs.2130/- | Rs.26925/- plus 710.82 percent of Basic Pension in excess of Rs.2000/- | ||||||
| (iv) | Above Rs.2130/- | Rs.27849.07 plus 366.18 percent of Basic Pension in excess of Rs.2130/- | ||||||
| PART-II | ||||||||
Dearness Relief to pensioners who retired on or after 1st day of November,1992/1st July, 1993 |
||||||||
| BASIC PENSION |
|
|||||||
| (i) | Upto Rs.2400/- | 705.95 percent | ||||||
| (ii) | Rs.2401/- to Rs.3850/- | Rs.16942.80 plus 584.93 percent of Basic Pension in excess of Rs.2400/- | ||||||
| (iii) | Rs.3851/- to Rs.4100/- | Rs.25424.29 plus 342.89 percent of Basic Pension in excess of Rs.3850/- | ||||||
| (iv) | Above Rs.4100/- | Rs.26281.52 plus 181.53 percent of Basic Pension in excess of Rs.4100/- | ||||||
| PART-III | ||||||||
Dearness Relief to pensioners who retired on or after 1st day of April,1998 |
||||||||
| BASIC PENSION |
|
|||||||
| (i) | Upto Rs.3550/- | 451.92 percent | ||||||
| (ii) | Rs.3551/- to Rs.5650/- | Rs.16043.16 plus 376.60 percent of Basic Pension in excess of Rs.3550/- | ||||||
| (iii) | Rs.5651/- to Rs.6010/- | Rs.23951.76 plus 225.96 percent of Basic Pension in excess of Rs.5650/- | ||||||
| (iv) | Above Rs.6010/- | Rs.24765.22 plus 112.98 percent of Basic Pension in excess of Rs.6010/- | ||||||
***
🕑 11 Oct, 2024 07:19 PM
Wait for DA hike cabinet approval getting longer
🕑 11 Oct, 2024 07:14 PM
Government Announces New NPS Contribution Guidelines for CG Employees
🕑 11 Oct, 2024 07:02 PM
PM directs action against non-performing or corrupt government employees
🕑 11 Oct, 2024 11:12 AM
Ad-hoc Bonus for 2023-24 for Central Government employees announed
🕑 10 Oct, 2024 05:35 PM
8th Pay Commission may reintroduce DA merger to Basic Pay at 50%
🕑 04 Oct, 2024 09:59 AM
Rate of Interest on GPF and similar funds for Oct-Dec, 2024
🕑 04 Oct, 2024 09:52 AM
Cabinet approves Productivity Linked Bonus for 78 days to railway employees
🕑 03 Oct, 2024 08:36 AM
DA hike likely to be taken up today, Oct 3, at special cabinet meeting
🕑 01 Oct, 2024 11:59 AM
Timely DA, DR, and Bonus: Confederation Urges Action
🕑 23 Sep, 2024 04:40 PM
Railways Federation demand revision in bonus calculations under 7th CPC
🕑 04 Oct, 2024 10:05 AM
PFRDA introduces Balanced Life Cycle Fund option
🕑 08 Aug, 2024 11:46 AM
RBI Keeps Key Interest Rate Unchanged to Tackle Inflation
🕑 23 Jun, 2024 08:47 AM
8th Pay Commission: How much pay hike central govt employees expect?
🕑 20 Jun, 2024 05:59 PM
Finance Minister May Increase Income Tax Exemption in Budget 2024
🕑 18 Jun, 2024 03:34 PM
The Impact and Expectations Surrounding the 8th Central Pay Commission
🕑 07 Jun, 2024 10:13 AM
Indian Members of Parliament: Compensation and Benefits
🕑 10 Apr, 2024 08:35 AM
Kendriya Vidyalaya Sangathan Admission Guidelines 2024-2025
🕑 05 Apr, 2024 01:23 PM
Kendriya Vidyalaya Balvatika Admission Schedule - 2024-25
🕑 02 Apr, 2024 09:25 AM
Kendriya Vidyalaya Admissions Open for 2024-25: Key Dates & Appln Process
