Banking News

Dearness Relief to Pensioners August 2017 to January 2018

Dearness Relief to Pensioners August 2017 to January 2018


(The DA relief for Bank Pensioners is continuously updated on this site as soon as the ministry of labour releases consumer price index (For example DA chart for the months of February to July   will be updated on 31st Jan, and  DA chart for the  months of August to January will be updated on 31st July).

Dearness relief for bank pensioners for the half year August 2017 to January 2018

The pensioners would get 9 slabs increase over previous half year (0.90 % increase). The details are as under.

DA for pensioners retired on or after 1.11.2012

In terms of X BPS/Joint Notes, 4440 points of DA was merged with the ‘pay’ and DA rate was fixed at 0.10% per DA slab. The Dearness Allowance (DA) payable to pensioners is 478 slabs for the months of August 2017 to January 2018.  It means an increase of 9 slabs over the previous level. Thus, the percentage of DA payable to the pensioners for the half year will be @ 47.80% on Basic pension.

DA for pensioners retired on or after 1.11.2007 and up to 31.10.2012 (2836 points merger )In terms of 1X BPS/Joint Notes, 2836 points of DA was merged with the ‘pay’ and DA rate was fixed at 0.15% per DA slab. The Dearness Allowance (DA) payable to pensioners is 879 slabs for the months of Febraury2017 to July 2017.  It means an increase of 9 slabs over the previous level. Thus, the percentage of DA payable to the pensioners for the half year will be @ 131.85 % on Basic Pension. DA for pensioners retired on or after 1.11.2002 and up to 31.10.2007In terms of VIII BPS/Joint Notes, 2288 points of DA was merged with the ‘pay’ and DA rate was fixed at 0.18% per DA slab. The Dearness Allowance (DA) payable to pensioners is 1016 slabs for the months of August 2016 to January 2017.  It means an increase of 9 slabs over the previous level. Thus, the percentage of DA payable to the pensioners for the half year will be @ 182.88 % Retired on or after 01.04.1998 till 31.10.2002Average index 6353-1685 points (1167 Slabs). It means an increase of 9 slabs over the previous level.Rate per slab:Up to Basic pension 3550= 1167x24 %=( 280.08%),3551 to 5650= 1167x 20 %=( 233.400%),From Basic pension 5651   to 6010= 1167x 12 %=( 140.04% of basic pension),From Basic Pension   6011 and above 1167x6 %=( 70.02% of basic pension) Retired on or after 1.11.92/ up to 31.3.98 (1148 merger)No. of slabs 1301DA on basic pension up to 2400= 1301×35 %=( 455.35%) + From 2401 to Rs.3850 @ 1301×29% = (377.29%) + From 3851 to 4100 @ 1301×17%= (221.17%)+ above 4100 @ 1301×9% = (117.09%) Retired on or after 1.1.86 and before 1st November 1992/1st July 1993 and before 01.11.2002[Average index 6353 -600 points merger (1438 Slabs)]Average 6353-600= 5753=1438 slabsDA rate on basic: up to 1250 @ 67%x 1438 slabs = (basic pension×963.46%),1251 up to 2000 @ 55%x1438 slabs= (Basic Pension ×790.90%),2001 up to 2130   @ 33%x 1438 slabs = Basic Pension×474.54%,Above 2130 @ 17% x14384 slabs=basic pension×244.46%.

  • Ex-gratia for Pre-1.1.86 retirees, 600 points DA merger in Pay

Average 6353-600=5753/4= (1438  slabs @67% )

No of slabs Rate per Slab Percentage of DA  payable DA on Basic Pension (Before commutation)
478 0.10% 47.80 Basic Pension×47.80%
No of slabs Rate per Slab Percentage of DA  payable DA on Basic Pension (Before commutation)
879 0.15% 131.85% Basic Pension× 131.85 %
No of slabs Rate per Slab Percentage of DA  payable DA on Basic Pension

(Before commutation)

1016 0.18% 182.88% Basic Pension× 182.88 %
Basic pension (before commutation) DA amount on 1167 slabs
Up to basic pension 3550 Basic Pension×280.082%
Basic pension from 3551 to 5650 9940.71+ for the basic pension in excess of @233.40%
Basic pension from  5651 to 6010 14842.11 )+for  basic pension in excess of 5650 up to 6010 @ 140.04%
Basic pension 6011 and above 15346.25+ for the basic  pension in excess of 6010 @ 70.02%
Basic pension (before commutation)  

DA Amount on 1301 slabs

Up to basic pension 2400 455.35% × basic pension
Basic pension from 2401 to 3850 10928.400+ from 2401 up to 3850 @  @377.29%
Basic pension from  3851 to 4100 16399.10 + for pension in excess of 3851 up to 4100 @ 221.17%
Basic pension 4101 and above 16951.92 +for pension in excess of 4101 @ 117.09%
Basic pension DA amount on 1438 slabs
Basic pension upto 1250 Basic Pension + Basic Pension ×963.46=

total pension1250+12043.25=13293.25

Basic pension from 1251 to 2000 Rs.13293.25+for the basic pension in excess of Rs.1250 @790.90%
Basic pension from  2001 to 2130 Rs.19225 +for the basic pension in excess of Rs.2000@471.57%
Basic pension from 2131 above Rs.19838.040+ for the basic pension in excess of Rs.2130 @ 244.46%
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

350 963.46% 3451.04 3722.41
6261 Spouse of

Pre-1.1.86

Retirees

175 963.46% 1725.52 1861.20

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