There is good news for retired pensioners from the bank. There has been a significant increase in his Dearness Relief (DR). This hike in DR is from February 2022 to July 2022. With this, the pension coming before Holi will increase.
There is good news for retired pensioners from government banks. There has been a significant increase in their Dearness Relief, DR. The hike in their DR is for February to July 2022. That is, the pension coming before the festival of Holi will increase. Along with this, the Dearness Allowance of bankers has also been increased. There has been an increase of 37 slabs in the DA payment for the quarter February to April 2022.
Who will benefit
Indian Bank Association has issued its order. According to Brijeshwar Sharma, Senior Advisor, HR Department, the benefit of this increase will be given to those pensioners or their dependents who have retired from the government bank before January 1, 1986. Along with this, dearness relief has also been increased for the pensioners coming under the Bank Employees Pension Regulations, 1995.
What do the inflation figures say
According to Brijeshwar Sharma, inflation relief has been increased after the data of All India Average Consumer Price Index (AICPI) came out. In this, the figures of AICPI-IW for October, November and December 2021 are 8210.75, 8264.34 and 8243.62 respectively. On this basis, dearness relief for February to July has been increased. This also includes the amount of ex-gratia.
How much increase in dearness relief
AICPI Average Monthly Ex Gratia DR Percentage DR Total Amount Ex-gratia
- 8239 from 1st January 1986 1279.03% Rs 4477 Rs 4827
- Rs 350 for the first retiree
- 175 for dependents Rs. 1279.03% Rs 2238 Rs 2413
How much profit did the bankers make?
Let us tell you that the dearness allowance of bankers has also increased. In this, the rate of dearness allowance payable for February, March and April 2022 has been increased to 32.97 percent of the basic pay. At the same time, DA in November, December and January 2022 was 30.38 percent. During that time there was an increase of 37 slabs in dearness allowance.
