Dearness Relief to Bank Pensioners for the period February 2022 to July 2022 – IBA Order 2022
Indian Banks’ Association
DA for Bank Employees from February 2022 to April 2022
HR & Industrial Relations
HR&IR/MBR/76/D/2021-22/10869
February 1, 2022
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 February 2022 to July 2022
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2021 are as follows:-
- October 2021 – 8210.75
- November 2021 – 8263.34
- December 2021 – 8243.62
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.
Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 2022 to July 2022 as per Annexure.
Yours faithfully,
Sd/-
Brajeshwar Sharma
Senior Advisor (HR&IR)
| 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 | Dearness relief for the months February 2022 to July 2022 Average Index | Slabs 1909 8239 |
|
| (i) | Upto Rs.1250 | 1279.03 per cent. | |
| (ii) | Rs.1251 to Rs.2000 | Rs. 15987.87 plus 1049.95 percent of basic pension in excess of Rs.1250.00 | |
| (iii) | Rs.2001 to Rs.2130 | Rs. 23862.49 plus 629.97 percent of basic pension in excess of Rs.2000.00 | |
| (iv) | Above Rs.2130 | Rs. 24681.45 plus 324.53 percent of basic pension in excess of Rs.2130.00 | |
| PART- II | |||
| Dearness Relief to pensioners who retired on or after 1st day of November 1992 / 1st July 1993 | |||
| BASIC PENSION | Dearness relief for the months February 2022 to July 2022 Average Index | Slabs 1772 8239 |
|
| (i) | Upto Rs.2400 | 620.20 per cent. | |
| (ii) | Rs.2401 to Rs.3850 | Rs. 14884.80 plus 513.88 percent of basic pension in excess of Rs.2400.00 | |
| (iii) | Rs.3851 to Rs.4100 | Rs. 22336.06 plus 301.24 percent of basic pension in excess of Rs.3850.00 | |
| (iv) | Above Rs.4100 | Rs. 23089.16 plus 159.48 percent of basic pension in excess of Rs.4100.00 | |
| PART- III | |||
| Dearness Relief to pensioners, who retired on or after 1st day of April 1998. | |||
| BASIC PENSION | Dearness relief for the months February 2022 to July 2022 Average Index | Slabs 1638 8239 |
|
| (i) | Upto Rs.3550 | 393.12 per cent. | |
| (ii) | Rs.3551 to Rs.5650 | Rs. 13955.76 plus 327.60 of basic pension in excess of Rs.3550.00 | percent |
| (iii) | Rs.5651 to Rs.6010 | Rs. 20835.36 plus 196.56 of basic pension in excess of Rs.5650.00 | percent |
| (iv) | Above Rs.6010 | Rs. 21542.97 plus 98.28 of basic pension in excess of Rs.6010.00 | percent |
| PART-IV | |||
| Dearness Relief to pensioners, who retired on or after 1st day of November 2002. | |||
| Average Index (CPI) for quarter ended December 2021 | 8239 | ||
| No. of Slabs | 1487 | ||
| Rate of dearness relief on pension for the months February 2022 to July 2022 | 267.66 % of basic pension | ||
| (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 December 2021 | 8239 |
| No. of Slabs | 1350 |
| Rate of dearness relief on pension for the months February 2022 to July 2022 | 202.50 % 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 December 2021 | 8239 |
| No. of Slabs | 949 |
| Rate of dearness relief on pension for the months February 2022 to July 2022 | 94.90 % 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 December 2021 | 8239 |
| No. of Slabs | 471 |
| Rate of dearness relief on pension for the months February 2022 to July 2022 | 32.97 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
Dearness Relief to Bank Pensioners from February 2022 to July 2022 – IBA Order 2022
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