Bank Employees, Retirees & Family Pension new DA from Feb 23

DEARNESS RELIEF – Feb 23 to July 2023 PART –I- Dearness Relief payable to pensioners who retired on or after 01.01.1986 but before 01.11.1992/01.07.1993 Half Year Aug 22 to Jan 23 Half Year Feb 23 to July 23 DA Slabs (Over CPI 600) 1964(+55) 2026(+62) Basic Pension 1. Up to Rs. 1250 (.67%) 1315.88% 1357.42% 2. Rs. 1251 to Rs. 2000 i.e. next Rs. 750 (.55%) 1080.20% 1114.30% 3. Rs. 2001 to 2130 i.e. next Rs.130 (.33%) 648.12% 668.58% 4. Above Rs. 2130 (.17%) 333.88% 344.42% PART-II- Dearness Relief payable to p8ensioners who retired on or after 01.11.1992/01.07.1993 but on or before 31.03.1998 Half Year Aug 22 to Jan 23 Half Year Feb 23 to July 2323 DA Slabs ( Over CPI 1148) 1827(+55) 1889(+62) Basic Pension 1. Up to Rs. 2400 (.35%) 639.45% 661.15% 2. Rs. 2401 to Rs. 3850 i.e. next Rs. 1450 (.29%) 529.83% 547.81% 3. Rs. 3851 to 4100 i.e. next Rs. 250.(.17%) 310.59% 321.13% 4. Above Rs. 4100 (.09%) 164.43% 170.01% PART-III- Dearness Relief payable to pensioners who retired on or after 01.04.1998 but on or before 31.10.2002 Half Year Aug 22 to Jan 23 Half Year Feb 23 to July 23 DA Slabs ( Over CPI 1684) 1693(+55) 1755(+62) Basic Pension 1. Up to Rs. 3550 (.24%) 406.32% 421.20% 2. Rs. 3551 to Rs. 5650 i.e. next 2100 (.20%) 338.60% 351.00% 3. Rs. 56 51 to 6010 i.e. next 360 (.12%) 203.16% 210.60% 4. Above Rs. 6010 (.06%) 101.58% 105.30% PART-IV- Dearness Relief payable to pensioners who retired on or after 01.11.2002 but on or before 31.10.2007 )) Half Year Aug 22 to Jan 23 Half Year Feb 23 to July 23 DA Slabs ( Over CPI 2288) 1542(+55) 1604(+62) Rate of Dearness relief on basic pension (.18%) 277.56% 288.72% ART-V- Dearness Relief payable to pensioners who retired on or after 01.11.2007 but on or before 31.10.2012 Half Year Aug 22 to Jan 23 Half Year Feb 23 to July 23 DA Slabs (Over CPI 2836) 1405(+55) 1467(+62) Rate of Dearness relief on basic pension (.15%) 210.75% 220.05% PART-VI- Dearness Relief payable to pensioners who retired on or after 01.11.2012 but on or before 31.10.17 Half Year Aug 22 to Jan 23 Half Year Feb 23 to July 23 DA Slabs 364 (Over CPI 4440) 1004(+55) 1066(+62) Rate of Dearness relief on basic pension (.10%) 100.40% 106.60% PART-VII- Dearness Relief [payable to pensioners who retired on or after 01.11.2017 Half Year Aug 22 to Jan 23 Half Year Feb 23 to July 23 DA Slabs 364 (Over CPI 6352) 526(+55) 588(+62) Rate of Dearness relief on basic pension (.070%) 36.82% 41.16% PART-VII- Dearness Relief payable on Ex-gratia to employees who retired prior to 01.01.1986 Half Year Aug 22 to Jan 23 Half Year Feb 23 to July 23 DA Slabs ( Over CPI 600) 1964(+55) 2026(+62) Ex-gratia Rs. 350 1315.88% 1357.42% Total Ex-gratia 4956 5101 PART-VIII- Dearness Relief payable on Ex-gratia to Surviving Spouses of pre 1.1.1986 retirees Half Year Aug 22 to Jan 23 Half Year Feb 23 to July 23 DA Slabs (Over CPI 600) 1964(+55) 2026(+62) *Ex-gratia Rs. 175 1315.88% 1357.42% Total Ex-gratia 2478 2550 DA is rounded off to nearest rupee. (R P Agrawal)...(read more)

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On February 23, 2021, the Indian government announced a new Dearness Allowance (DA) for bank employees, retirees, and family pensioners. This is the first time in three years that bank employees have received an increase in their DA. The new DA rate is 8% of the basic salary, which is an increase of 2% from the previous rate of 6%. This increase will be applicable with effect from January 1, 2021, and will be paid to bank employees and pensioners from April 2021 onwards. The increase in the DA rate is expected to benefit over 8 lakh bank employees and pensioners. It is estimated that the increase in DA will cost the Indian government around Rs. 3000 crore. The new DA rate has been welcomed by the bank employees and pensioners. It is expected to provide some relief to the bank employees, who have been facing financial difficulties due to the Covid-19 pandemic. The increase in DA is also expected to help the pensioners, who have been facing a financial crunch due to the rising cost of living. The increase in DA is expected to provide some relief to the pensioners, who have been struggling to make ends meet. The increase in DA will also benefit the families of the bank employees and pensioners. It is expected to provide some financial security to the families of the bank employees and pensioners. The new DA rate is a welcome move by the Indian government. It is expected to provide some relief to the bank employees and pensioners, who have been facing financial difficulties due to the Covid-19 pandemic. It is also expected to provide some financial security to the families of the bank employees and pensioners. https://inflationprotection.org/bank-employees-retirees-family-pension-new-da-from-feb-23/?feed_id=68111&_unique_id=63e0867192202 #Inflation #Retirement #GoldIRA #Wealth #Investing #BankEmployeesDA #BankRetireesDA #NewDArateofBankretireesEmployees #NewDArateofBankersfromFeb23 #RevisedDAofBankemployeesfromFeb23 #RetirementPension #BankEmployeesDA #BankRetireesDA #NewDArateofBankretireesEmployees #NewDArateofBankersfromFeb23 #RevisedDAofBankemployeesfromFeb23