Dearness Relief payable to Pensioners for the period August 2021 to January 2022: Indian Bank Association Order

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Dearness Relief payable to Pensioners for the period August 2021 to January 2022: Indian Bank Association Order

Dearness Relief payable to Pensioners for the period August 2021 to January 2022 Indian Bank's Association HR & INDUSTRIAL RELATIONS HR&I

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Dearness Relief payable to Pensioners for the period August 2021 to January 2022

Indian Bank’s Association

HR & INDUSTRIAL RELATIONS

HR&IR/MBR/D/G2/10196
August 2, 2021

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 2021 to January 2022

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2021 are as follows:-

April 2021 7895.20
May 2021 7828.07
June 2021 8000.39

In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995, Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.

PART- II
Dearness Relief to pensioners who retired on or after 1st day of November,1992/1st July, 1993
Dearness relief for the months Slabs
BASIC PENSION August 2021 to January 2022 1698
Average Index 7941
(i) Upto Rs.2400 594.30                   per cent.
(ii) Rs.2401 to Rs.3850 Rs.     14263.20                  plus            492.42

of basic pension in excess of Rs.2400.00

percent
(iii) Rs.3851 to Rs.4100 Rs.     21403.29                  plus            288.66

of basic pension in excess of Rs.3850.00

percent
(iv) Above Rs.4100 Rs.     22124.94                  plus            152.82

of basic pension in excess of Rs.4100.00

percent

PART- III

Dearness Relief to pensioners who retired on or after 1st day of April,1998.
Dearness relief for the months                                            Slabs
BASIC PENSION        August 2021 to January 2022 1564
Average Index                                                                    7941
(i) Upto  Rs.3550 375.36            per cent.
(ii) Rs.3551 to Rs.5650 Rs.     13325.28                  plus            312.80          percent of basic pension in excess of Rs.3550.00
(iii) Rs.5651 to Rs.6010 Rs.     19894.08                  plus            187.68          percent of basic pension in excess of Rs.5650.00
(iv) Above Rs.6010 Rs.     20569.72                  plus             93.84          percent of basic pension in excess of Rs.6010.00

PART-IV

Dearness Relief to pensioners who retired on or after 1st day of November, 2002.
Average Index (CPI) for quarter ended June 2021                                                       7941
No. of Slabs 1413
Rate of dearness relief on pension for the months  August                   254.34    % of basic pension 2021 to January 2022
(ignore decimals from 3rd place onwards)
PART-V
Dearness Relief to pensioners who retired on or after 1st day of November, 2007.
Average Index (CPI) for quarter ended June 2021 7941
No. of Slabs 1276
Rate of dearness relief on pension for the months August 2021 to January 2022 191.40    % of basic pension
(ignore decimals from 3rd place onwards)

 

 

PART-VI
Dearness Relief to pensioners who retired on or after 1st day of November, 2012.
Average Index (CPI) for quarter ended  June 2021 7941
No. of Slabs 875
Rate of dearness relief on pension for the months August 2021 to January 2022 87.50    % of basic pension
(ignore decimals from 3rd place onwards)

 

PART-VII

Dearness Relief to pensioners who retired on or after 1st day of November, 2017.
Average Index (CPI) for quarter ended June 2021 7941
No. of Slabs 397
Rate of dearness relief on pension for the months August 2021 to January 2022 27.79    % of basic pension
(ignore decimals from 3rd place onwards)

dearness-relief-payable-to-pensioners-for-the-period-august-2021-to-january-2022

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