There is great news for the employees who are working and retired in 7th Pay Commission Bank. Especially those who have joined or retired on or after November 1, 2017 and are entitled to pension.
There is great news for the employees who are working in the bank and retired. Especially those who have joined or retired on or after November 1, 2017 and are entitled to pension. His salary, pension, Dearness Relief, minimum pension and other allowances have been revised. This is a matter of relief amid the Covid Mahamari.
Basic Pension
Basic Pension has been revised. It has become Rs 3985 from 1st November 2017. Part time employees will not get any benefit in this increase.
Family Pension
Employees who have retired on or after November 1, 2017, their family pension will be made in 3 ways.
1; Pensioners up to Rs 15880
30 percent of the pay will be basic family pension i.e. it should not be less than Rs.3985/monthly.
2; 15,881 to 31,160 pensioners
20% of the pay will be the basic family pension i.e. it should not be less than Rs 4900.
3; More than 31,760 pensioners
15 percent of the pay will be the basic family pension. Basic and additional family pension will not be less than Rs.6365 and not more than Rs.13280.
DEARNESS RELIEF
Bankers’ DEARNESS RELIEF will be decided on the basis of All India Consumer Price Index (AICPI). For this, consider 6352 points as the basis.
MINIMUM PENSION
For part time employees, who have retired on or after November 1, 2017, the minimum pension would be Rs 1335 per month. These will be the employees working on 1/3rd scale wage. At the same time, the pension of Rs 2000 will be given to those working on 1/2 scale wage. Whereas those working on 3/4 scale wage will get 3000 rupees per month.
