Exgratia payable to Bank pensioners from April, 2026 - Revision.

[Vvns Varaprasadrao]

Dear friends,

Negotiations are due for revision of exgratia to Bank pensioners during April, 2026.

Since the Singla case is likely to be heard in May,2026, it is better if UFBU commences negotiations with IBA and avhieve reasonable hike.

Regards.

[Lingan Ramalingam]

Singla case will be heard on 9th April 26

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[MOHAN P]

Asper settlement, the payment of monthly Ex gratia is only a one time measure for period commencing from November, 2022 to October 2027(current BPS period) to pensioners /family pensioners of PSBs/SBI to retirees up to 31.10.22.

Though it was agreed  that the next 'review'

of the ex-gratia amount shall be undertaken in April 2024 and thereafter shall be subject to review annually and as mutually agreed between the IBA and the

Unions/Associations.However though review was found made no 'revision' in amount was made since introduction!

Even on arriving exgratia amount based on matrix provided on the basis of pension for  oct 2022 pre Nov 2002 pensioners are still receving the amount based on old tappered rate of DR instead of 100% even notionally.

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