Dearness Relief payable to Pensioners for the period August 2024 to January 2025 – Clarity on DR calculation: IBA
Dearness Relief payable to Pensioners for the period August 2024 to January 2025 – Clarity on DR calculation: IBA Order dated 16.08.2024
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,
Dearness Relief payable to Pensioners for the period August 2024 to January 2025 – Clarity on DR calculation
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/- | ||||||
***
Source: IBA
📢 Stay Updated with GConnect
Join our Whatsapp channels for the latest news and job updates:
Join GConnect News Join GConnect Jobs
GConnect News
GConnect Jobs
📢 Stay Updated with GConnect
Join our Whatsapp channels for the latest news and job updates:
Join GConnect News Join GConnect JobsGConnect News
GConnect Jobs
You might also like:
PFRDA Launches AI-Powered ‘Pension Sahayak’ Portal for Faster and Easier Grievance Redressal
Government Reduces Bill Processing Time in PAOs from 5 Days to 3 Days
Government Vacancy Updates: Applications Invited for Consultant and Senior-Level Posts in NMC, NWM, IWAI and IIP
Government Notifies AIS (Implementation of NPS) Rules, 2026 for IAS, IPS and IFoS Officers
IRTSA Presents Key Demands Before 8th Pay Commission, Seeks Higher Pay Levels and Group-B Status for SSEs
8th Pay Commission Extends Deadline for Submission of Memorandums to June 15