Central Government employees DA Hike: Central employees are going to have fun in the festive season. There is going to be a lot of money in his pocket. They can get three gifts one by one till Diwali.
Central Government employees DA Hike: Central employees are going to get good gifts in the coming days. Not one, not two, but three good news awaits them. There is a discussion that till Diwali, he can get 3 gifts from the central government. First, their dearness allowance is set to increase by the end of September. Talks are also likely to be made in talks with the government on the second DA arrears. However, the government is not in favor of giving arrears. At the same time, the interest money of Provident Fund will also be credited in the accounts till Diwali from EPFO. Private sector employees will also get the benefit of EPF interest.
DA, DR will increase by 4%
The government is also going to give benefits to central employees in Dearness Allowance (DA) and Dearness Relief (DR). It is expected that their dearness allowance is going to be announced by the end of September 2022. The current dearness allowance rate is 34 per cent. It is set to increase by 4%. This means that in the coming months, the total payment to the central employees will be from 38%. Along with this, he can also get arrears of two months along with the salary of September. If sources are to be believed, the government can announce it during Navratri. If this happens, the employees will get DA at the rate of 38 percent. At the same time, the DR of pensioners will also reach 38 percent.
DA Arrear can also get money!
Central employees are happy that their dearness allowance has reached 38 percent. The DA, which was frozen in May 2020, was reinstated from July 2021. But, in the meantime the arrears of one and a half years were not given. This is a pretty hefty amount. The government had clarified in the Rajya Sabha that dearness allowance for one and a half years was frozen. In such case arrears will not be paid. From July, dearness allowance is being given with increased rates. But, since then the union has been continuously trying to discuss with the government the demand for DA arrears. Talks have taken place many times, but no solution has been found. Different employee organizations are claiming that this time their demand can be fulfilled. The government can find some solution for this.
EPF interest money will be available
The Employees’ Provident Fund Organization (EPFO) will credit the interest money in the EPF accounts of the subscribers before the festivals. The process has started. By the end of October, interest at the rate of 8.1 percent will be added to everyone’s account. In such a situation, they can also get a gift around Diwali. Let us tell you, EPFO pays interest on the EPF amount for every financial year. In the current financial year, interest has been fixed at the rate of 8.1 percent.
How much interest was received in which year?
2013-14 8.75 percent
2014-15 8.75 percent
2015-16 8.80 percent
2016-17 8.65 percent
2017-18 8.55 percent
2018-19 8.65 percent
2019-20 8.50 percent
2020-21 8.10 percent
Know PF balance by giving missed call
You can check PF balance by just making a missed call. For this, you have to make a missed call on 011-22901406 from the mobile number registered in your PF account. After this you will get a message in which you will get information about the PF money present in your account.
