In the month of July, the central government had increased the dearness relief (DR) of pensioners by 11 percent. Now pensioners are getting dearness relief ie DR amount at the rate of 28 percent. This amount of dearness relief comes by adding to the pension.
However, at times due to the slowness of the banks, there is a delay in the pension / arrears of pension to the pensioner. If the pension amount is delayed by the bank, the pensioner is eligible for compensation. A circular has also been issued by the Reserve Bank in this regard.
According to the Reserve Bank, if banks delay the deposit of pension / arrears of pension, then they will have to compensate the pensioner at an interest rate of 8 percent. In this case the pensioner need not even make a claim. This means that the amount of interest will automatically be received in the pensioner’s account.
Then the amount of pension may increase: If everything goes well, then once again the dearness relief of pensioners can increase in the festive season. In fact, according to the rules of the Seventh Pay Commission, there is a provision for increase in dearness relief to pensioners twice a year on half yearly basis.
Under this, the amount for the first half has been increased but dearness relief for the second half has not been announced yet. This time there may be an increase in dearness relief at the rate of 3 percent. If this happens, then pensioners will get dearness relief at the rate of 31 percent. It is expected to benefit more than 60 lakh pensioners.
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