Dearness Relief payable to Pensioners for the Period Feb 2022 to July 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,
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 Slabs February 2022 to July 2022 1909 Average Index 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 | ||
| Dearness relief for the months Slabs BASIC PENSION February 2022 to July 2022 1772 Average Index 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. | ||
| Dearness relief for the months Slabs February 2022 to July 2022 1638 BASIC PENSION Average Index 8239 |
||
| (i) | Upto Rs.3550 | 393.12 per cent. |
| (ii) | Rs.3551 to Rs.5650 |
Rs. 13955.76 plus 327.60 percent of basic pension in excess of Rs.3550.00 |
| (iii) | Rs.5651 to Rs.6010 |
Rs. 20835.36 plus 196.56 percent of basic pension in excess of Rs.5650.00 |
| (iv) | Above Rs.6010 | Rs. 21542.97 plus 98.28 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 December 2021 8239 |
||
| No. of Slabs 1487 |
||
| Rate of dearness relief on pension for the months 267.66 % of basic pension February 2022 to July 2022 |
||
| (ignore decimals from 3rd place onwards) |
| PART-V | ||
|---|---|---|
| Dearness Relief to pensioners who retired on or after 1st day of November, 2007 | ||
| No. of Slabs | ||
| Average Index (CPI) for quarter ended December 2021 | 8239 | 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 | ||
| No. of Slabs | ||
| Average Index (CPI) for quarter ended December 2021 | 8239 | 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 | ||
| No. of Slabs | ||
| Average Index (CPI) for quarter ended December 2021 | 8239 | 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) | ||