Category Pension News
Data indicates an increase of 23 slabs for RBI Pensioners, Family Pensioners, and other Bank Pensioners whose pension is merged at 6352 points.
The increase is 1.61% over the earlier half year and the total DR comes to 50.12% of the Basic Pension. The details are given in the chart below.
Notably, the RBI transferred a surplus of Rs 9,75,118 crores to the Government of India between 2011/12 and 2023/24, a remarkable achievement.
New DA Calculation introduced Before the 12th Bipartite settlement was implemented, the Dearness Allowance (DA) for Bank employees was calculated based on the quarterly average of the All-India Consumer Price Index Numbers (AICPIN) for Industrial Workers Base 2016=100. The quarterly… Continue Reading →
RBI Pensioners may note the following information for Income tax guidelines about matters like reporting savings, investments, and claiming rebates/deductions to the offices concerned for the Financial Year (FY) 2024-25. New Tax Regime a) By default, the TAX REGIME from… Continue Reading →
RBI has recently made a significant modification to the Master circular Para 12.1 Master Circular modified: As per para 12.1 the dispensary facility such as free treatment and issue of drugs on credit slips as per norms is accessible only… Continue Reading →
We understand that managing access rights to the portal can be complex,
but we believe that extending this privilege to pre-August 16 retirees is a fair and just measure.
Group Mediclaim Policy-OPD policy for all pensioners aged 60 years and above for the period April 01, 2024, to March 31, 2025, has been placed with New India Assurance Company Limited. There are changes in the policy as under: Group Mediclaim Policy… Continue Reading →
United Forum of Bank Unions (UFBU) and Indian Banks Association(IBA) signed the 12th Bipartite Settlement on 8th March 24 at Mumbai. The 9th Joint Note for the Officers Associations was also signed simultaneously. History of 12th Bipartite Settlement UFBU submitted… Continue Reading →
Overall, the recent improvements in updating retirees’ Pension and Family Pension, and the changes in GMP reflect RBI’s commitment to enhancing the well-being of its retired employees.
This rise in DR is primarily due to food inflation, which has been affecting everyone in recent months. The cost of essential food items like vegetables, dals, and cooking oil has gone up considerably, impacting household budgets.