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Pension Master Circular uploaded by Bank

Bank has made available the latest Master Circular dated 1st July 19 on Pension. We have split the circular in two parts- one containing the detailed instructions and the other part contains forms for official use. Members may view (Part I) here. Some relevant extracts are reproduced below. RBI Pension Regulations, 1990 do not cover…

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Dearness Relief for RBI Pensioners -70 slabs more from August 19 to January 20

Labour Bureau, M/o Labour and employment have made available the following AICPINs for the quarter ending June 30, 2019: Month Index nos.base 2001 Index nosbase 1960 April 312 7121 May 314 7167 June 316 7213 As the pensioners are being paid Dearness relief at the average 6885 for the half year from February 19 to July…

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How to derive multiplying factor- Pension revision in RBI

As stated in earlier post Pension in RBI has been revised effective March 19 and Bank has been asked by the M/o Finance to apply the multiplying factors in respect of various  categories of retirees as per table below. Pension Revision in RBI – Multiplying Factors factor on 1.11.02 factor on 1.11.07 factor on 1.11.12…

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Pension Calculator for RBI Pensioners-Aug 18 to Jan 19

[office src=”https://onedrive.live.com/embed?resid=72450CEA81B9A7BF%216862&authkey=%21AEu3k9CXaW7o_uE&em=2&wdAllowInteractivity=False&AllowTyping=True&ActiveCell=’818_119′!A6&Item=’818_119′!A6%3AD13&wdHideGridlines=True&wdInConfigurator=True” width=”458″ height=”373″] DR in respect of family pensioners : 141.30% In service employees in RBI will get 12 slabs more.  

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Pension Calculator for X-Rbites-Feb 18 to July 18

[office src=”https://onedrive.live.com/embed?resid=72450CEA81B9A7BF%216862&authkey=%21AEu3k9CXaW7o_uE&em=2&wdAllowInteractivity=False&AllowTyping=True&Item=’218_718′!A6%3AD14&wdInConfigurator=True” width=”458″ height=”420″] DR in respect of family pensioners : 139.20% In service employees in RBI will get 11 slabs more. Rate of DR for ex-gratia recipients : 996.29%

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49 slabs increase from Feb 18 to July 18 for RBI Pensioners

49 slabs increase in DR for pensioners (Feb 18 to July 18) 11 slabs increase for the working staff for the quarter ending April 18. The rate of DR in respect of ex-gratia recipients is 996.29%   [office src=”https://onedrive.live.com/embed?resid=72450CEA81B9A7BF%216858&authkey=%21APcGMeHYVRPsAPo&em=2&wdAllowInteractivity=False&ActiveCell=’Sheet4′!A1&Item=’Sheet4′!A1%3AE18&wdInConfigurator=True” width=”455″ height=”478″] Use Pension Calculator