Dearness Relief payable to Bank Pensioners for the period Feb 2025 to July 2025 where DR Neutralisation is not implemented โ Clarity on DR calculation: IBA Order dated 20.02.2025
Indian Banksโ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/D/G2/2024-25/1828
February 20, 2025
Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension
Dear Sir/ Madam,
Dearness Relief payable to Pensioners for the period February 2025 to July 2025
Please refer to our Circular No.CIR/HR&IR/D/G2/ 2024-25/1823 dated 20.02.2025, wherein we had provided the rates at which Dearness Relief payable to Pensioners / family pensioners, for the period of February 2025 to July 2025, after implementation of DR neutralization for pre-November 2002 retirees / family pensioners.
2. To facilitate those who are yet to implement our letter HR&IR/MBR/G2/0533 dated 16.10.2023, in addition to the contents of our above mentioned circular dated 03.02.2025, they may pay on ad hoc basis (Pending amendments to Pension Regulations), the Dearness Relief payable to pensioners for the period February 2025 to July 2025 as per Annexure I.
Yours faithfully,
Brajeshwar Sharma
Senior Advisov (HR&IR)
Officiating Deputy Chief Executive
Annexure I
| PART-I | |||
Dearness Relief to pensioners who retired on or after 1st day of January,1986, but before the 1st day of November,1992/1st July, 1993 |
|||
| BASIC PENSION | Dearness relief for the months February 2025 to July 2025 Average Index |
Slabs 2220 9481.70 |
|
| (i) | Upto Rs.1250 | 1487.40 per cent | |
| (ii) | Rs.1251 to Rs.2000 | Rs. 18592.50 plus 4221.00 percent of Basic Pension in excess of Rs.1250/- |
|
| (iii) | Rs.2001 to Rs.2130 | Rs. 27750.00 plus 732.60 per cent of Basic Pension in excess of Rs.2000/- |
|
| (iv) | Above Rs.2130 | Rs. 28702.38 plus 377.40 per cent of Basic Pension in excess of Rs.2130/- |
|
| PART-II | |||
Dearness Relief to pensioners who retired on or after 1st day of November,1992/1st July, 1993 |
|||
| BASIC PENSION | Dearness relief for the months February 2025 to July 2025 Average Index |
Slabs 2083 9481.70 |
|
| (i) | Upto Rs.2400 | 729.05 per cent | |
| (ii) | Rs.2401 to Rs.3850 | Rs. 17497.20 plus 604.07 per cent of Basic Pension in excess of Rs.2400/- |
|
| (iii) | Rs.3851 to Rs.4100 | Rs. 26256.22 plus 354.11 per cent of Basic Pension in excess of Rs.3850/- |
|
| (iv) | Above Rs.4100 | Rs. 27141.49 plus 487.47. per cent of Basic Pension in excess of Rs.4100/- |
|
| PART-III | |||
Dearness Relief to pensioners who retired on or after 1st day of April,1998. |
|||
| BASIC PENSION | Dearness relief for the months February 2025 to July 2025 Average Index |
Slabs 1949 9481.70 |
|
| (i) | Upto Rs.3550 | 467.76 per cent | |
| (ii) | Rs.3551 to Rs.5650 | Rs. 16605.48 plus 389.80 per cent of Basic Pension in excess of Rs.3550/- |
|
| (iii) | Rs.5651 to Rs.6010 | Rs. 24791.28 plus 233.88 per cent of Basic Pension in excess of Rs.5650/- |
|
| (iv) | Above Rs.6010 | Rs. 25633.25 plus 116.94 per cent of Basic Pension in excess of Rs.6010/- |
|
| PART-IV | |
Dearness Relief to pensioners who retired on or after 1st day of November, 2002. |
|
| Average Index (CPI) for quarter ended December 2024 | 9481.70 |
| No. of Slabs | 1798 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 |
323.64 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
| PART-V | |
Dearness Relief to pensioners who retired on or after 1st day of November, 2007. |
|
| Average Index (CPI) for quarter ended December 2024 | 9481.70 |
| No. of Slabs | 1661 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 |
249.15 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
| PART-VI | |
Dearness Relief to pensioners who retired on or after 1st day of November, 2012. |
|
| Average Index (CPI) for quarter ended December 2024 | 9481.70 |
| No. of Slabs | 1260 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 |
126.00 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
| PART-VII | |
Dearness Relief to pensioners who retired on or after 1st day of November, 2017. |
|
| Average Index (CPI) for quarter ended December 2024 | 9481.70 |
| No. of Slabs | 782 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 |
54.74 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
| PART-VII | |
Dearness Relief to pensioners who retired on or after 1st day of November, 2022. |
|
| Average Index (CPI) for quarter ended December 2024 | 144.23 |
| No. of Slabs | 21.20 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 |
21.20 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
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