When Bank Retirees / Pensioner's DA is revised in Pension?
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On 29.01.21, Government announced Consumer Price Index (CPI) data for the month of Dec'20 (decrease of 1.10 points from Nov'20 as per base year 2016 and 3.16 points of base year 2001. 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 Feb'21 to Jul'21 is calculated on the basis of CPI announced by the Govt for the period from Jul'20 to Dec'20 (DA slabs released to working bank employees in Nov'20 + the DA slabs would become payable in Feb'21 to them). Accordingly, there is an increase of 77 DA Slabs becomes payable to bank pensioners for the period of Feb'21 to Jul'21. For your DA calculation and amount of monthly DA increase w.e.f Feb'21, 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 31.05.21 on release of CPI for the month of Apr'21. There is an increase of just 0.50 points as per revised base year 2016 (base year changed from Oct 2020). Please note - The pensioner's DA slabs that would become payable for the period from Aug'21 to Jan'22 will be computed on the DA that becomes payable to working bank employees in May'21 (i.e. decrease of 7 slabs ) + the DA would become payable in Aug'21 to them (in other words CPI released / to be releases for the months of Jan'21 to Jun'21) We are providing calculations of expected DA to be payable from Aug'21 hereunder on 2 assumptions in 2 calculators as mentioned belows. However it is early in present situation to assess the CPI data to be released in coming months and predict the actual inflation in data for coming months with the consideration of day to day fuel price fluctuations and other major prevailing current coronavirus issue. (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 Aug'21 to Jan'22 is calculated here on the basis of CPI released for the month of Jan'21 & Apr'21 with assumptions of CPI for the rest of the two months.DA released for bankers in May'21 (i.e. -7 slabs) + computation of expected DA on the basis of CPI released for the months of Oct'20 and Nov'20 with CPI assumptions for Dec'20 1. On assumptions of one point increase in CPI data for the next both months (May'21 & Jun'21). Keeping in view of on going regular increase in fuel prices and other commonly required items of daily uses. In this situation the expected (tentatively) increase in DA Slabs would come to 28 slabs from existing payable in Feb'21 |
2. Keeping in view of as above, On assumptions of 0.80 increase in CPI data for the next both months (May'21 & Jun'21). In this situation the expected (tentatively) increase in DA Slabs would come to 25 slabs from Feb'213. 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 existing payable in Feb'21. |
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.)
We calculates expected DA at the end all coming months on release of CPI data and on assumptions of CPI data 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.