Senior Citizens Savings Scheme Account: Good news! Now Senior Citizens will get monthly benefit of Rs 20500, check scheme details
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Consumer Price Index for April, May, and June 2022 are respectively- 127.70, 129, and 129.20. Hence there will be an increase of 55 slabs in DR for bank pensioners from August 2022 to January 2023. New Dearness Rates for the pensioners retired at various periods are as under.
Retired on or after 1.11.2017: Average index: 8456 – 6352= 2104= 526 slabs
No of slabs
Rate per Slab @
Percentage of DR payable
DR payable on Basic Pension (Before commutation)
526
0.07
36.82 %
Basic Pension × 36.82 %
Retired on or after 1.11.2012: Average index: 8456 -4440 points (1004 slabs)
No of slabs
Rate per Slab @
Percentage of DR payable
DR on Basic Pension (Before commutation)
1004
0.10
100.40%
Basic Pension ×100.40%
Retired on or after 1.11.2007 up to 31.10.2012: Average index 8456-2836 points (1405 slabs)
No of slabs
Rate per Slab
Percentage of DR payable
DR payable on Basic Pension (Before commutation)
1405
0.15
210.75%
Basic Pension× 210.75 %
Retired on or after 1.11.2002 and up to 31.10.2007 Average index 8456-2288 (1542 slabs)
No of slabs
Rate per Slab
Percentage of DR payable
DR on Basic Pension (Before commutation)
1542
0.18
277.56%
Basic Pension× 277.56 %
Retired on or after 01.04.1998 till 31.10.2002 Average index number8456-1684: (1693 slabs)
Basic pension (before commutation)
DR amount
Up to basic pension 3550@24% per slab
Basic Pension× 406.32%
Basic pension from 3551 to 5650 (2100@ 20% per slab)
14424.36+338.60 % over 3550
Basic pension from 5651 to 6010 (360@ 12% per slab)
21534.96 + 203.16% over 5650
Basic pension 6011 and above@6% per slab
22266.33 +101.58% over 6010
Retired on or after 1.11.92/1.7.93 up to 31.3.98 Average index 8456 -1148(1827 slabs)
Basic pension (before commutation)
DR Amount
Up to basic pension 2400 (@ 35% per slab
639.45 % × basic pension
Basic pension from 2401 to 3850 (1450@29% per slab)
15346.80+529.83% over 2400
Basic pension from 3851 to 4100 (250@17% per slab)
23029.33+310.59% over 3850
Basic pension 4101 and above @9% per slab
23805+164.43% over 4100
Retired on or after 1.1.86 and before 1st November 1992/1st July 1993 and before 01.11.2002
Average index number8292- 600 (1964 slabs)
Basic pension
DR amount on 1964 slabs
Basic pension up to 1250@ 67% per slab
Basic Pension x 1315.88%
Basic pension from 1251 to 2000 (750) @55% per slab
Rs.16448.50 +for the basic pension in excess of Rs.1250 @1080.20%
Basic pension from 2001 to 2130 (130)@33% per slab
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
