Retired and Untired

Category banking general

Mobile app for Bank Pensioners-Pension Calculator

Hi friends, Here is the mobile app created for RBI Pensioners, and for bank pensioners covered under various Bipartite Settlements(BPS)-mainly 9th,10th and 11th BPS.  In the app you are required to enter only your basic pension as shown below.  For… Continue Reading →

(MAFS)-GMP (2021-22) for RBI retirees ( August 15, 2021 – August 14, 2022)

After the expiry of the earlier cashless GMP policy under MAFS taken on August 14, 2021, RBI has placed the policy again with Iffco Tokio General Insurance Co. Ltd. for the period of one year (15-8-21 to 14-8-22) on the… Continue Reading →

Bank employees Dearness Allowance down by 7 slabs

The following numbers -AICPIN(IW) -have been made available by Labour Bureau, Ministry of Labour and Employment. For base year 2016=100, March 2021 Index stood at 119.60 points. Month Index nos.base 2016=100 January 21 118.20 February 21 119.00 March 21 119.60… Continue Reading →

Scheme for hiring retired officers of the Bank on contractual basis

RBI has launched a new scheme for hiring retired officers of the Bank on contractual basis.The exercise shall be taken up twice a year (in April and October) as per the process outlined in the Bank’s Circular uploaded on retirees… Continue Reading →

Revised dearness allowance data for bank employees

After the CPI-IW (2016=100) series replaced the CPI-IW (2001=100) series effective September 20, All India index for the month of September, 2020 was initially reported by M/o Labour & Employment as 118.Dearness Allowance for RBI employees and also for other… Continue Reading →

11th Bipartite Settlement signed today.

After a long and protracted negotiations for more than three years and after overcoming many impediments and hurdles, finally, the 11th Bipartite Settlement on revision of wages and improvement in service conditions of bank employees has been signed today with… Continue Reading →

CPF optees who want pension! Know the estimates for refund of PF and likely Pension

This illustrative spreadsheet below gives an idea to the member / user about the range of  PF amount that the Bank may eventually ask him to refund. As the amounts involved are substantial, he may have to  take steps  in… Continue Reading →

Instructions for opening of option for pension

Bank. in continuation of Administration Circular dated 14-9-2020, has issued detailed instructions for implementation of opening of option for pension in respect of CPF optees by their Circular dated 18.9.20. 1. Retired employees of the Bank who had earlier retained… Continue Reading →

10 Central TUs express dissent on unilateral change in base year to 2016 – Consumer Price Index – IW.

Central Trade Unions have jointly demanded reworking de novo the computation exercise of changing base year by involving the trade unions as the trade unions represent the actually affected stakeholders in the project of computation of Consumers Price Index -IW… Continue Reading →

NABARD Pensioners sanctioned Interim relief pending revision of pension

NABARD has decided to provide Interim Relief (IR) @ 60% of the total amount of the notional pension (based on the multiplication factors which are broadly on the lines allowed for the referral institution{RBI}) and Dearness Relief thereon, to all… Continue Reading →

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