DA for Retired Bankers From August 2017 to January 2018

DA for retired bankers  is revised on half yearly basis and are effective from February and August months. The new DA payable to retired bankers is thus usually available on 1st February and 1st August, but new DA is actually received in the pension of those months and thus reflected in the Pensions credited on 1st March and 1st September. 

There has been constant demand from retired bankers (specially from those who had retired prior to 01/11/2007) to give the details of the revised DA as for them the calculations are slightly tedious.   Therefore, we give below the details of the latest DA Payable to retired bankers and a link to the DA Calculator for Retired Bankers.

   

Details of the DA Payable to Retired Bankers from August 2017 to January 2018 are given below :

 (A) Retired on or After 01/11/2007:

                   DA for Entire Basic Pension  : 131.85%

 (B) Retired on or After 01/11/2002  AND UPTO 31/10/2007:

         DA for Entire Basic Pension : 182.88%

(C ) Retired on or After 01/04/1998 AND UPTO 31/10/2002

        DA for Basic Pension upto 3550 :  280.08%

        DA for Basic Pension from 3551-5650 : 233.40%

        DA for Basic Pension from 5651-6010 : 140.04%

        DA for Basic Pension above 6010 : 70.02%

 (D) Retired on or After 01/11/1992  AND UPTO 31/03/1998

        DA for Basic Pension upto 2400 : 455.35%

        DA for Basic Pension from 2401-3850 : 377.29%

        DA for Basic Pension from 3851-4100 : 221.17%

        DA for Basic Pension above 4100 : 117.09%

 (E) Retired Prior to  01/11/1992

      DA for Basic Pension upto 1250 :  963.46%

      DA for Basic Pension from 1251-2000 : 790.90%

      DA for Basic Pension from 2001-2130 : 474.54%

      DA for Basic Pension above 2130 : 244.46%

(F) Ex-Gratia Payment to Pre 01.01.1986 Retirees

      Basic Ex Gratia : Rs 350

      DA % age on EX-Gratia of Rs 350/- : 963.46%