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Dearness Relief to Bank Pensioners for the period August 2022 to January 2023

August 1, 2022

Central Govt Holiday List 2023 PDF | Holiday Calendar 2023 India

Table of Contents

  • Dearness Relief to Bank Pensioners for the period August 2022 to January 2023 – IBA Order 2022
  • Central Government Holiday List 2024 PDF
  • Dearness Relief to Bank Pensioners from August 2022 to January 2023

Dearness Relief to Bank Pensioners for the period August 2022 to January 2023 – IBA Order 2022

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

NO.CIR/HR&IR/D/G2/2022-23/11416
August 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 August 2022 to January 2023

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June, 2022 are as follows:-

  • April 2022 – 8394.82
  • May 2022 – 8480.28
  • June 2022 – 8493.43

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 August 2022 to January 2023 as per Annexure.

Yours faithfully,
Sd/-
Brajeshwar Sharma
Senior Advisor (HR&IR)

Central Government Holiday List 2024 PDF

PART – I
Dearness Relief to pensioners who retired on or after 1st day of January1986, but before the 1st day of November, 1992 /1st July, 1993
BASIC PENSION Dearness relief for the months Slabs
August 2022 to January 2023 1964
Average Index 8456
(i) Upto Rs.1250 1315.88 percent.
(ii) Rs.1251 to Rs.2000 Rs. 16448.50 plus 1080.20 percent of basic pension in excess of Rs. 1250.00
(iii) Rs.2001 to Rs.2130 Rs. 24550.00 plus 648.12 percent of basic pension in excess of Rs.2000.00
(iv) Above Rs.2130 Rs. 25392.55 plus 333.88 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 Slabs
August 2022 to January 2023 1827
Average Index 8456
(i) Upto Rs.2400 639.45 per cent.
(ii) Rs.2401 to Rs.3850 Rs. 15346.80 plus 529.83 percent of basic pension in excess of Rs.2400.00
(iii) Rs.3851 to Rs.4100 Rs. 23029.33 plus 310.59 percent of basic pension in excess of Rs.3850.00
(iv) Above Rs.4100 Rs. 23805.80 plus 164.43 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 Slabs
August 2022 to January 2023 1693
Average Index 8456
(i) Upto Rs.3550 406.32 per cent.
(ii) Rs.3551 to Rs.5650 Rs. 14424.36 plus 338.60 percent of basic pension in excess of Rs.3550.00
(iii) Rs.5651 to Rs.6010 Rs. 21534.96 plus 203.16  percent of basic pension in excess of Rs.5650.00
(iv) Above Rs.6010 Rs. 22266.33 plus 101.58  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 2022 8456
No. of Slabs 1542
Rate of dearness relief on pension for the months August 2022 to January 2023 277.56 % 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 June 2022 8456
No. of Slabs 1405
Rate of dearness relief on pension for the months August 2022 to January 2023 210.75 % 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 2022 8456
No. of Slabs 1004
Rate of dearness relief on pension for the months August 2022 to January 2023 100.40 % 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 2022 8456
No. of Slabs 526
Rate of dearness relief on pension for the months August 2022 to January 2023 36.82 % of basic pension
(ignore decimals from 3rd place onwards)

Dearness Relief to Bank Pensioners from August 2022 to January 2023

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