When Bank Retirees / Pensioner's DA is revised in Pension?
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Today i.e. on 31.07.23 CPI for the month of Jun'23 released as 136.40 with an increase by 1.70 points from May'23 (quite surprisingly / unexpectedly). The DA calculator is updated accordinly. Earlier Govt vide their notification dated 22.10.20 has changed the Consumer Price base year from 2001=100 to 2016=100. Pensioners DA payable from Aug'23 to Jan'24 is calculated on the basis of CPI announced by the Govt for the period from Jan'23 to Jun'23 (DA slabs released to working bank employees in May'23 + the DA slabs would become payable in Aug'23 to them). Accordingly, there is an increase of 44 DA Slabs becomes payable to bank pensioners for the period of Aug'23 to Jan'24. For your DA calculation and amount of monthly DA increase w.e.f Aug'23, select your Date of Retirement and enter your basic pension before commuation. Please Note - New option added in calculator for DA calculation of Retirees after 01.11.17 |
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The calculators provided hereuner are updated on 29.09.23 on the basis of CPI announced for the month of Aug'23 today as 139.20, surprisingly decreased from 139.7 points in July, 2023 (as per revised base year 2016, the base year was changed from Oct 2020) with the assumptions of CPI for ghe next 4 moonths. Please note - The pensioner's DA slabs that would become payable for the period from Feb'24 to Jul'24 will be computed on the DA that becomes payable to working bank employees in Nov'23 + the DA would become payable in Feb'24 to them (in other words CPI released / to be releases for the months of Jul'23 to Dec'23) We are providing calculations of expected DA to be payable from Feb'24 below on 2 assumptions in 2 calculators as mentioned hereunder. In view of ongoing recent rise in price of dilay need items / commodities it is too early to predict the actual inflation or CPI index for the coming months. However keeping in view of the present situation the assumptions are made as under for the next 4 months (the increase of CPI points are much higher to be expected in coming months in view of recent increase in prices of generally each and every daily needs items, however on a conservative approach we assume as below on seeing the CPI for the month of April 2021) Pensioners expected DA payable from Feb'24 to Jul'24 - calculated here on the basis of CPI released + assumptions of CPI to be released for the remaining months :- DA released for bankers in Nov'22 (i.e. 30 slabs) + computation of expected DA on the basis of CPI releasd / to be released for the months of Oct'22-Dec'22 1. On assumptions that there would be an increase of 0.80 in Sep'23 and an average of 0.50 in the rest of three months, as it is too early to premume the CPI for the these months at this stage keeping in view of the present geopolitical situation and the rate of inflation is being faced by us. It is a big concern that there is on going regular rise in prices of commonly required items / commodities of daily needs whcih is making month over month difficult to survise falling interest income of pensioners on their deposits. On these assumptions of CPI the expected (tentatively) increase in DA Slabs would come to 86 slabs from Feb'24 |
2. AS stated above in first assumptions, if we assume that there would be an increase of 0.50 in Sep'23 and an average of 0.30 in the rest of three months. On these assumptions the expected (tentatively) increase in DA Slabs would come to 79 slabs from Feb'243. New Feature - Calculate Expected D.A. on Your Expectation of DA Slabs be released - This feature allows pensioners to enter expected DA slabs as per their own assumption of calculations / expectation of number of DA slabs that would may become payable from Feb'24 |
2. Keeping in view the recent fuel price cut in Nov'18 and Dec'18 in comparision to Oct'18, we are forced to assume that if there may be an decrease of one points in CPI for the month of Dec'18. (however on going to market we still observs that there is no reduction came in the prices of the our daily use necessary items.), in that situation there will be an increase of 70 slabs payable from Feb'19 (in case there if CPI index declines by two points in that situation the tentative increase will be of 69 slabs. However the expected DA calculator is updated with 70 slabs in third assumption.)
The expected DA calculator is updated every month on release of CPI data and the assumptions accordingly for the remaining months.
However we agree that it is too early to say the tentative figures of CPI Index for the remaining months but keeping in view of the recent rise in price of fuel and other items, we assume that at least there would be an increase of two points in CPI data for the May-18.
Disclaimer : This website do not claim its calculation of payable DA / expected DA slabs that would may become payable is full and final. As we do calculations on the basis of available CPI data for DA payable(may vary of one slabs on official announcement of IBA due to rounding of fraction of points). The expected DA is computed on some assumptions of CPI for coming months on the present circustances taht may change at any time. The users are requested to please do inform in case he/she has noticed any error or updation of the official announcements of CPI index, for the correction & updation at this website. We shall welcome your feedback in the matter.