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Latest Dearness Relief  chart for  Bank Pensioners

Latest Dearness Relief chart for Bank Pensioners


(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 31  July.)

As per CPI announced by the Labour Bureau of the Government today (31.01.2018), the average index numbers for October ‘17 to December ‘17 works out to 6551.01. It means 49 slabs increase in Dearness Relief (DR)  for the half year February 2018 to July  2018, over the previous half year.

The details of Dearness Relief for pensioner retired at various period are as under

DR for pensioners retired on or after 1.11.2012

The average CPI for Oct 18 to Dec’18 is 6551 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 Relief (DR) payable to pensioners is 527 slabs @ 0.10 % for the months of February 2018 to July 2018.  It means an increase of 50 slabs (527-478=49) over the previous level. Thus, the percentage of DR payable to the pensioners for the half year will be @ 52.70 % on Basic pension.

No of slabs Rate per Slab Percentage of DA  payable DR on Basic Pension (Before commutation)
527 0.10% 52.70 Basic Pension× 52.70%

 

DR for pensioners retired on or after 1.11.2007 and up to 31.10.2012 (2836 points merger)

The average CPI for Oct 18 to Dec’18 is 6551. 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. It means 6551-2836=3715/4 =928 The Dearness  Relief (DR) payable to pensioners is 928 slabs for the months of Febraury2018 to July 2018.  It means an increase of 49 slabs over the previous level. Thus, the percentage of DR payable to the pensioners for the half year will be @ 139.20 % on Basic Pension.

No of slabs Rate per Slab Percentage of DA  payable DR on Basic Pension (Before commutation)
928 0.15% 139.20% Basic Pension× 139.20 %

 

DA for pensioners retired on or after 1.11.2002 and up to 31.10.2007

The average CPI for Oct 18 to Dec’18 is 6562.In 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 Relief (DR) payable to pensioners is  (6551-2288=4263/4) 1065 slabs for the months of February 2018 to July 2018.  It means an increase of 49 slabs over the previous level. Thus, the percentage of DR payable to the pensioners for the half year will be @ 191.70 %

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

(Before commutation)

1065 0.18% 191.70 % Basic Pension× 191.70 %

Retired on or after 01.04.1998 till 31.10.2002

Average index 6551-1685 =4866 points (1216 Slabs). It means an increase of 49 slabs over the previous level.

Rate per slab:

Up to Basic pension 3550= 1216x24 %=( 291.84%),

3551 to 5650= 1216x 20 %=( 243.20%),

From Basic pension 5651   to 6010= 1216x 12 %=( 145.92 % of basic pension),

From Basic Pension   6011 and above 1216x6 %=( 72.96% of basic pension)

Basic pension (before commutation) DR amount on 1167 slabs
Up to basic pension 3550 Basic Pension×291.84%
Basic pension from 3551 to 5650 (2100) 10360.32+ for the basic pension in excess of @243.20%
Basic pension from  5651 to 6010

(360)

15467.52 +for  basic pension in excess of 5650 up to 6010 @ 145.92%
Basic pension 6011 and above 15992.83 + for the basic  pension in excess of 6010 @ 72.96%

 

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

No. of slabs 1353

Average index 6551-1148=5403/4 = 1350 slabs  DA on basic pension up to 2400= 1350×35 %=( 472.50%) + From 2401 to Rs.3850 @ 1350 ×29% = (391.50.%) + From 3851 to 4100 @ 1350×17%= (229.50%)+ above 4100 @ 1350×9% = (121.50%)

Basic pension (before commutation)  

DR Amount on 1350 slabs

Up to basic pension 2400 472.50% × basic pension
Basic pension from 2401 to 3850

(1450)

11340 + from 2401 up to 3850 @  @391.50%
Basic pension from  3851 to 4100

(250)

17016.75 + for pension in excess of 3851 up to 4100 @ 229.50%
Basic pension 4101 and above 17590.25 +for pension in excess of 4100  @ 121.50%

 

Retired on or after 1.1.86 and before 1st November 1992/1st July 1993 and before 01.11.2002[Average index 6562 -600 points merger (1487 Slabs)]

Average 6551-600= 5951=1487 slabs

DA rate on basic: up to 1250 @ 67%x 1487 slabs = (basic pension×996.29%),

1251 up to 2000 @ 55%x1487 slabs= (Basic Pension ×817.85%),

2001 up to 2130   @ 33%x 1487 slabs = Basic Pension×490.71%,

Above 2130 @ 17% x1487 slabs=basic pension×252.79%.

Basic pension Total pension
Basic pension upto 1250 Basic Pension +( Basic Pension ×996.29)= 1250+12453.62

total pension=14953.62

Basic pension from 1251 to 2000 Rs.13703.62+for the basic pension in excess of Rs.1250 @817.85%
Basic pension from  2001 to 2130 Rs.19837.49 +for the basic pension in excess of Rs.2000@490.71%
Basic pension from 2131 above Rs.20475.41+ for the basic pension in excess of Rs.2130 @ 252.79

 

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

Average 6562-600=5753/4= (1487 slabs @67% )

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

Retirees

350 996.29% 3837.01 3837.01
6261 Spouse of

Pre-1.1.86

Retirees

175 996.29% 1747.02 1918.50

 

(66) Comments

    1. Surendra NaikSurendra Naik - Post author

      Subject to the other conditions contained in the pension regulations, an employee who has rendered a minimum of ten years of service in the Bank An employee (including officer) on the date of his/her retirement or the date on which he/she is deemed to have retired shall qualify for pension. In case of VRS retirement, minimum service period required to qualify for VRS pension scheme is 20 years. DA for serving employees changed once in 3 months and the pensioners are eligible for dearness relief once in 6 months. For latest DA chart click below URL https://www.bankingschool.co.in/bank-news/confirmed-da-dearness-allowance-for-august-2016-to-october-2016-bank-staff-will-get-35-slabs-hike/

      1. v.Mini

        Dear Sir, As per pension regulations,1995,the minimum service for getting pension for a pension optee is 10 years and minimum service to qualify for VRS pension Scheme is 20 years. And as per a recent court judgement, additional 5 years service was given to all pensioners who had taKen VRS 2000, for calculating the pension. Sir, I would like to know whether this additional five year benefit will b available to employees who had taken VRS 2000, which was a special scheme that reduced the minimum service period for VRS pension From 20 to 15.So does that mean that a person having more than 15 years service but less than 20 years,sanctioned pension under Special VRS 2000 scheme will get the benefit under Regulatioh 29(5) ?

    1. Surendra NaikSurendra Naik - Post author

      You are eligible for 47.80% of basic pension as dearness relief. Since you have mentioned Rs.24285 is your basic pension you are eligible for dearness relief of Rs.11608.23. Total pension for November 2017 is Rs.24285+11608.23= Rs.35893.23

  1. Haridwar nandan singh

    I am a pensioner of state Bank of India, retired in 1997. My elder brother also retired from sbi in 1994 and in previous month of Oct got an arrears of approximately 1 lac rupees and he also mentioned that I am too eligible and get the amount soon. Now sir, I want to know is it right information? Am I eligible for this?

    1. Surendra NaikSurendra Naik - Post author

      sir,I don't know what type of arrears your brother received. The judgment in case of neutralization of DA to pre-2001 retirees is pending in Supreme Court, which may be announced any time. It depends on judgment, whether judgment is going to be favourable or not. Even if the judgment is favourable, again it depends upon effective date of DA neutralization. Let us pray Seniors would get some justice from the court.

  2. Suguna

    What will be my da increase. I took vrs in 2003 now I am getting 19250.I put i n 23 years and six months service. Will it be taken as full service

    1. Surendra NaikSurendra Naik - Post author

      Thirty three years of service is considered as full service. In the case of VRS, under regulation 29, the qualifying service of an employee retiring voluntarily, shall be increased by a period not exceeding 5 years subject to a condition that it does not exceed beyond the date of superannuation.

          1. K. Natarajan

            Since SBI did not accept my VRS, I took voluntary retirement on health grounds. 26 years 7 months service. Bank did not pay Ex. Gratia, for remaining service. How was it ejected ? Can I get it. f

          2. Surendra NaikSurendra Naik - Post author

            Many people have gone to Court on this issue. Since their bank has not accepted VRS request they have resigned. Becuase someone at the helm of the affair (GM) of those time inhumanly rejected the request and because of the same, they have been deprived of their legitimate right. The court can only set right on this issue.

  3. Viren

    Sir..I'm retired from psu company .my retirement date may 2017 but still not received my arrears ..plz can you clarify this

  4. Varaprasad

    Whether the pensioners are eligible for standard deduction of Rs.40000/- announced by the FM in today's budget speech since pension received by them is treated as salary for all practical purposes by the income tax department ?

  5. C.Renganathan

    Fr Pre 2002,Bank Retirees ,Arguements r over and reserved for judgement.For a similar case Kallakurchi Gov't employees Pensioners Gov't,Supreme c ourt already delivered.a judgeent stating that there should not be any Distinctio/classification among employees while Disbursemen of DA to different sets of Pensioners in 2013,2014. If such be the case,Can Supreme court pronounce judgement early?I am an ordinary layman and I am not much aware of the Court proceedings.Hence this question.

  6. VSR Murthy

    There is no mention in the above blogs reg revised DA for those bank personnel retired between 2012 To 2017. Please provide the same.

  7. R.subramanian

    Sir good afternoon my name is r.subramanian my totalpension amount is 19160 I am retried 31*12*2000 my pension basicpay how many sir

  8. M.Marappan

    I am retired officer of SBT and retired on Feb.2010. My basis pension is Rs.21,265. I had commuted one third of basic pension. What is the Family pension eligible ie. Basic Family Pension and DA for this and total eligible amount. Nobody is giving correct position.

    1. Surendra NaikSurendra Naik - Post author

      The ordinery rate of monthly family pension is 15% of Pay. Since your pension (before commutation) is 50% of pay, your spouse would get 30% of your basic pension i.e Rs.4455/-

  9. R K MONGA

    Dear Sir, My wife opted for VRS from State bank of Saurashtra on 1.4.2001.Her basic was 4014 for pension.At present she is getting pension more than 18000/-(excluding feb DA).I am unable to calculate DA rate on her basic. Secondly for pre retiired 2002 the 50% DA merger judgement has come from Supreme court.so arrears will come automatically or she has to claim it. Pl advise. Thanks

  10. Jai Parkash Goswami

    Dear Sir, Could you please be good enough to provide dearness relief slabs from May, 2005 to February, 2018 as these are urgently required for preparing a case. Thanks and Regards Jai Parkash Goswami

  11. RAJKUMAR

    Sir my father SBI staff he is passed away .. My mother is receiving pension from 2010 .. From amt 2800 to 4899 .. It will increase any chance ???

  12. Debashri A.

    Dear Sir, My father took VRS from SBI on 31 - march -2001. His pension till December 2017 was 19,425/pm. His basic was Rs.5,329 + DA= 14,096/-. As per our records his revised family pension on 2010 was at 1771/- Sir, I want to know what will be the calculation of DA in terms of family pensioners that is how much will my mother get . her age is 59. Do let me know as i am not able to get a clarity on DA calculation from the branch office. Thanks.

  13. Narottam Keer

    Sir, I am VRS optee of 2001. My present basic pension is 7300. Comm. amt. fully repaid. As DA Cir. given by you I calculated DA as follows: upto 6010 DA Rs. 15992.83 above 6010 to 7300 i.e. on 1290 @ 72.96% Rs. 941.18 Hence Total DA Rs. 16934/- + Basic Pension Rs. 7300/- Total Pension should be Rs. 24234/- But my bank today credited Pension Rs. 23979/- Is there wrong in my calculation? Please guide me. Narottam Keer. 9833702815

  14. sankarankutty

    Dear Sir, From where I can get the old DA rates (Say for last 15 Years) of Bank Pensioners and employees). Please give a replay. With regards sankarankutty

  15. M S DHARAIYA

    I retired in December 1998. What will be the effect of recent supreme court judgement regarding D A merger of 1684 points instead of 1984 points? what will be the arrears amount with interest?

    1. Surendra NaikSurendra Naik - Post author

      In the wage settlement of 1998 the merger point of DA was irrationally fixed at 1616 points for for the purpose of fixing the Basic Pension to the Retirees of the relevant period where as for serving officers and employees it was fixed 1684 points.This reduced basic pension to about 41% of the last drawn basic pay instead of 50% of the last drawn basic pay as per the Bank Employees Pension Regulation 1995. Hon’ble Supreme Court of India on 13th Feb 2018 restored the same granted benefit to affected retirees in all banks and orderedpayments of arrears for thosewho retired during April 1998 to October 2002 with an interest at 9% within four months from the date of order.

  16. Nirmal Chander

    My basic pension Rs 6354 and retired in 2001. Current pension plus DR is Rs 22597.81. How does the present supreme court judgement on DA neutralization will benefit me. Could you please enlighten me.

    1. Surendra NaikSurendra Naik - Post author

      In the wage settlement of 1998 the merger point of DA was irrationally fixed at 1616 points for for the purpose of fixing the Basic Pension to the Retirees of the relevant period where as for serving officers and employees it was fixed 1684 points.This reduced basic pension to about 41% of the last drawn basic pay instead of 50% of the last drawn basic pay as per the Bank Employees Pension Regulation 1995. Hon’ble Supreme Court of India on 13th Feb 2018 restored the same granted benefit to affected retirees in all banks and orderedpayments of arrears for thosewho retired during April 1998 to October 2002 with an interest at 9% within four months from the date of order.

  17. Balaji

    Dear Sir, My mother is getting the family pension from canara bank amount of Rs.4900 from past 15 years it's increasing only Rs.100-150 once in 6 months. Is there any chances of increase in the family pension like standardisaion like one rank one pension ?

    1. Surendra NaikSurendra Naik - Post author

      Retiree's associations are pleading for IBA and Bank Managements to increase the Family Pension in line with RBI and Government employees.Though, there are assurances so far nothing is materilised because it appears that employees unions are not serious about this sensitive issue.

  18. Nagendra Kumar

    Dear Sir, Most respectfully I have to say that my father was an Assistant Manager in State Bank of India and he died on 23rd July 2001. After his death, my mother got full pension for the period of 5 years. Please let me know whether she is eligible for the arrears of 7th Bipartite pension revision or not. I am waiting for your valuable advice. Your kind cooperation is solicited in this regard.

  19. v.Mini

    Dear Sir, The BP was refixed wef 1.05.2005 based on Court Order ,relating to pensioners who had taken VRS 2000,ie retiredafter 1.4. 1998 but before 31.10.2002. I had taken VRS from IOB on 30.4.2001 and my basic pension was refixed wef 1.5.2005. So, I feel that, as per Supreme Courts order dated 13.2.2018, arrears relates to only 1.05.2001 to 30.04.2005 along with the proportionate DA increase and the interest thereon as the discrepency in BP hasalready been rectified wef 1.05.2005. Kindly comment.

  20. Vijay Shrivastava

    Sir I am retired in June 2016 as astt. Manager From nationalised bank my gross salary was above 90000/ but I am getting pension of rs. 29347 which is very less in comparison of state government and central government officers .Will I get pension at par with central and state government officers .they are getting very high pension then me

    1. Surendra NaikSurendra Naik - Post author

      Retirees do not get salary as such no salary slip is issued. However, most of the banks issue statement of Pension disbursed to their pensioner during a financial year to enable them to calculate tax liabilities.

  21. Lalitha Anantram

    I get a family pension from Bob. My husband was a2001 VRS retiree in the manager's cadre MMIi scale. I get enhanced pension which is one third of my husband's pension. Am I eligible for DA relief, My basic is 4386.. How should I claim if I am entitled to it.

    1. Surendra NaikSurendra Naik - Post author

      In the wage settlement of 1998 the merger point of DA was irrationally fixed at 1616 points (as against 1684 points for serving officers) for the purpose of fixing basic pension to the retirees. The Hon'ble Supreme Court in its judgment on Feb 13, restored the same as per Penssion Regulation.Therefore, banks have refix the basic pension for the officers retired between 1998-2002 and pay arrears for those retirees with 9% interest within four months from the date of order. If any arrears payable to your husband on the basis of above judgement, bank shall credit the amount to your account without any seperate claim from you. Keep in touch with the other retirees of same period and find out whether the bank has paid the arrears to them.

  22. Varadaraj Ayyangar

    Sir I took VRS on 30.11.2002. My Basic Pay was Rs 14240 at the time of my taking VRS. This was as per 7th BPS. I had put in 26 years of qualifying service I.e.actual 21 plus 5 years. My Basic Pension got fixed at Rs 7285/- and together with DA I am getting around Rs 18880 after commutation. I feel the Basic Pension is very low. Is my belief right ? Am I eligible to consider the revised pay scales of 8th BPS for calculaultion of basic pension ? The equivalent BP as per revised pay scales is Rs 21040/- Kindly clarify.

  23. Nirmal Chander

    Dear Shri Surendra Naik, resigned from IOB in 2000 with last pay drawn Rs15530. Upon pension option offered in 2009, my pension was fixed as Rs6354 with 27 years qualifying service. Is there any benefit that I get based on recent supreme Court judgement of 13 Feb 2018 ad IBA Circular dated 03 April 2018. Could you please advise. Nirmal

    1. Surendra NaikSurendra Naik - Post author

      All those retired after 01.04.1998 till 2.6.2005 will be eligible to receive arrears on refixation of basic pension on index of 1684 (in lieu of index 1616)from the date of retirement with interest at 9%. Amount of arrrears will be approximately Rs.40000 to Rs.150000 depending upon the grade and period involved.As per latest IBA circular the arrears have to be paid by 13.06.2018. Best wishes.

  24. M.S. Srinivasan

    I took VRS in April2001. The hike in pension per month (not the arrears part) will now continue to be available now also? The arrears though will be paid up to May 2005 only.

  25. M.S. Srinivasan

    Will the hike in pension per month due to refixation of basic pension on accounts of DA merger to 1684 points available from now on?

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