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.
