Total monthly pension after commutation payable to Pensioners will be :-
(Basic Pension - Commutation amount) + (DA payable on amount of Basic Pension before commutation)
To calculate DA on Basic Pension Click Here
Commuted portion of pension will be recovered from monthly pension for a period of 15 years from the date of commutation.
Commuted portion of pension will be restored after the expiry of a period of 15 years from the date of commutation.
No Medical examination is required if the pensioner opts for commutation within one year of his retirement.
Family Pension is payable to Spouse and dependent children of deceased pensioners & employees who died during service after one year of pensionable service are eligible for family pension.
2. Calculate Family Pension
This calculator displays Basic Family Pension and Family Pension payable with last revised DA w.e.f. Feb 2019 to Deceased Pensioners / Employees who died during service after one e year of Pensionable Service in respect of State Bank Employees other part-time employees
The visitors are requested to inform for correction in case of any error in calculation observed or there is any change in methedology of calculation as per bank rules/norms of basic pension and family pension.
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