𝐔𝐍𝐈𝐅𝐎𝐑𝐌 𝐃𝐑 𝐅𝐎𝐑 𝐀𝐋𝐋 𝐏𝐄𝐍𝐒𝐈𝐎𝐍𝐄𝐑𝐒 𝐎𝐍 𝐏𝐀𝐑 𝐖𝐈𝐓𝐇 𝟏𝟐𝐭𝐡. 𝐁𝐏𝐒 𝐑𝐄𝐓𝐈𝐑𝐄𝐄𝐒 - 𝘼𝙉 𝙐𝙉𝙍𝙀𝙎𝙊𝙇𝙑𝙀𝘿 𝙍𝙀𝙎𝙄𝘿𝙐𝘼𝙇 𝙄𝙎𝙎𝙐𝙀

[Srinivasa Murti Devulapalli]

𝐔𝐍𝐈𝐅𝐎𝐑𝐌 𝐃𝐑  𝐅𝐎𝐑 𝐀𝐋𝐋 𝐏𝐄𝐍𝐒𝐈𝐎𝐍𝐄𝐑𝐒  𝐎𝐍 𝐏𝐀𝐑 𝐖𝐈𝐓𝐇 𝟏𝟐𝐭𝐡. 𝐁𝐏𝐒 𝐑𝐄𝐓𝐈𝐑𝐄𝐄𝐒 - 𝘼𝙉 𝙐𝙉𝙍𝙀𝙎𝙊𝙇𝙑𝙀𝘿 𝙍𝙀𝙎𝙄𝘿𝙐𝘼𝙇 𝙄𝙎𝙎𝙐𝙀

𝐀𝐧 𝐢𝐦𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐟𝐨𝐫𝐦𝐚𝐥𝐢𝐭𝐲 𝐰𝐡𝐢𝐜𝐡 𝐈𝐁𝐀 𝐧𝐞𝐜𝐞𝐬𝐬𝐚𝐫𝐢𝐥𝐲 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐲 𝐰𝐢𝐫𝐡 𝐩𝐫𝐢𝐨𝐫 𝐭𝐨 𝐏𝐄𝐍𝐒𝐈𝐎𝐍 𝐔𝐏𝐃𝐀𝐓𝐈𝐎𝐍 𝐞𝐱𝐞𝐫𝐜𝐢𝐬𝐞

✺✺✺✺✺✺✺✺✺✺✺✺✺✺

 " ✳️" 𝑰𝑷𝑺𝑶-𝑭𝑨𝑪𝑻𝑶 𝑹𝑩𝑰 𝑭𝑶𝑹𝑴𝑼𝑳𝑨" -  A NEW "MARKETING TAGLINE" - TO DITCH THE RETIREES....*

𝑨 𝒄𝒐𝒎𝒑𝒂𝒓𝒊𝒕𝒊𝒗𝒆 𝒔𝒕𝒖𝒅𝒚 𝑹𝒆𝒕𝒓𝒊𝒗𝒆𝒅 𝒇𝒓𝒐𝒎 𝒎𝒚 𝒅𝒂𝒕𝒂𝒃𝒂𝒔𝒆  𝒑𝒐𝒔𝒕𝒆𝒅 𝒐𝒏 29 11 2023 - 𝒓𝒆𝒇𝒍𝒆𝒄𝒕𝒔 𝑰𝑩𝑨 - 𝑨𝑰𝑩𝑬𝑨 𝑵𝑬𝑿𝑼𝑺 𝒎𝒊𝒏𝒅-𝒈𝒂𝒎𝒆 𝒔𝒕𝒓𝒂𝒕𝒆𝒈𝒚

https://www.change.org/p/hon-ble-prime-minister-of-india-sri-narendra-modi-plight-of-the-bank-retirees-urgency-to-constitute-banking-pay-commission/u/32132685

✺✺✺✺✺✺✺✺✺✺✺✺✺

𝙁𝙐𝙍𝙉𝙄𝙎𝙃𝙀𝘿  𝙃𝙀𝙍𝙀   𝙒𝙄𝙏𝙃 "𝙕𝙀𝙍𝙊 𝙐𝙋𝘿𝘼𝙏𝙄𝙊𝙉 𝙇𝙊𝘼𝘿 𝙁𝘼𝘾𝙏𝙊𝙍 - ie: 𝐬æ𝐧𝐳  𝐒𝐀𝐍𝐒  𝙍𝘽𝙄 𝙋𝘼𝙏𝙏𝙀𝙍𝙉"

𝙏𝙝𝙚 𝙛𝙤𝙡𝙡𝙤𝙬𝙞𝙣𝙜 𝙞𝙨  𝘾𝙤𝙢𝙥𝙞𝙡𝙚𝙙 𝙗𝙮 𝙈.𝘼𝙣𝙟𝙖𝙣𝙚𝙮𝙖 𝙋𝙧𝙖𝙨𝙖𝙙, 𝙏𝙚𝙡𝙖𝙣𝙜𝙖𝙣𝙖 𝙂𝙧𝙖𝙢𝙚𝙚𝙣𝙖 𝘽𝙖𝙣𝙠 ( 𝙎𝙥𝙤𝙣𝙨𝙤𝙧𝙚𝙙 𝙗𝙮 𝙎𝘽𝙄 ) 𝙖𝙣𝙣𝙚𝙭𝙚𝙙 𝙝𝙚𝙧𝙚 𝙪𝙣𝙙𝙚𝙧 𝙛𝙤𝙧 𝙗𝙚𝙩𝙩𝙚𝙧 𝙪𝙣𝙙𝙚𝙧𝙨𝙩𝙖𝙣𝙙𝙞𝙣𝙜

 ************************* 

💢Quote💢

Hitherto Dearness Allowance of the Banking Staff depends upon Consumer Price Index rise/fall of 4 points (slab system).

To make it more realistic, Govt. of India changed the Base Year 1960 to 1981, 2001 & 2016 from time to time.

The following multiplying factors were assigned to get uniformity: 

- 1960 to 1981 = 4.93

- 1981 to 2001 = 4.63

- 2001 to 2016 = 2.88

The DA formula is same for existing as well as Retirees till recently. However during 12th BPS this formula has been changed. DA was merged at 8088 Points (30.38%). Slab system has been abolished and a new formula is being implemented. Taking average Consumer Price Index (CPI) at 8088 Points i.e.,123.03 it is assigned 1% for every rise/fall of 1 Point CPI.

This new DA formula is made applicable only to Existing Staff as well as Retirees of 01.11.2022 afterwards. This created a division among the Retirees like Pre-2002 Retirees.

Infact  to implement  uniform DA formula for all, the Basic Pension of Retirees covered under various BPS should be made uniform. The multiplying factors works out as under:

- 11th BPS  (1.11.2017 to  

      31.10.2022)     1.30

- 10th BPS* (01.11.2012 to 

      31.10.2017)     1.93

 - 09th BPS (01.11.2007 to 

     31.10.2012)      3.09

- 08th BPS (01.11.2002 to 

       31.10. 2007)    3.85

- 07th BPS (01.11.1992 to  

     31.10.2002)       5.24

- 06th BPS  (01.11.86 to 

     31.10.1992)       7.70

- 05th BPS  

(Prior to 1986)      14.77

 If new formula is implemented, there will be an increase of ₹.800/- to ₹.5000/- per person based on the Retirement Year and Basic Pension.

Please see the following example of my Pension retired in May 2014 (10th BPS):

Existing formula:

Basic Pension ₹.28590

DA. 119.4%.     ₹. 34136

Exgratia            ₹.   1700

Total.                 ₹. 64426

Less: commute ₹. 9530

Pension             ₹. 54896

As per new formula:

Basic 28590×1.93 = 55179

New DA. 17.20%.   =   9491

Exgratia                   =    1700

Gross                        = 66370

Less commute        =   9530

Pension                    = 56840

Benefit       =  56840 - 54896

                   =₹1944

 So I will get a benefit of ₹1944 per month if new formula is implemented.

In otherwards, I am loosing ₹1944 per month.

This amount will increase further as and when the DA is increased. In the same way everybody can calculate the same.

As per the Pension Regulations all Retirees should get DA at par with existing Employees.

However 12th BPS divide the Retirees into two groups. The implementation of new formula to all Retirees is identified as a residual issue.

However nothing was discussed on this issue when IBA and UFBU last met.

Hope that the mater will be settled and implemented at the earliest.

As otherwise BB injustice will be done to Retirees of Pre-12th BPS like it was done earlier in case of Pre-2002 Retirees (💯% DA neutralization).

Compiled by*M.Anjaneya PrasadnTelangana Grameena Bank ( Sponsored by SBI )

💢Unquote💢

𝕌𝕡𝕕𝕒𝕥𝕚𝕠𝕟 𝕚𝕤 𝕗𝕠𝕣 𝕤𝕦𝕣𝕖 & 𝕔𝕖𝕣𝕥𝕒𝕚𝕟 𝕥𝕙𝕣𝕠𝕦𝕘𝕙  𝕊𝕌ℙℝ𝔼𝕄𝔼 ℂ𝕆𝕌ℝ𝕋 𝔸𝕃𝕆ℕ𝔼 ‼️⚖️‼️

 ⚖️ || यतो धर्मस्ततो जयः ||⚖️ 

    🙏🌺🕉️🌺🙏

 దేవులపల్లి శ్రీనివాస మూర్తి

 d s murti 

 08 03 2025

 Hyderbad 500079

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d s murti

[Niranjan Cn]

Sir,

Was Uniform DA @8088 points, listed as residual issue ?? 

If nit forget till next settlement.

Niranjan

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