Will Banks pay 8% int on 5 years benefit arrears which was due from 2001 but paid in 2009-2010.--On Fri, Sep 27, 2019 at 8:04 PM JSOMA SHEKARA <jsomase...@gmail.com> wrote:Banks should pay 8% interest for delay in crediting pension, arrears: RBI
All agency banks disbursing pension are advised to provide considerate and sympathetic customer service to the pensioners, especially to those pensioners who are of old age
On Fri, Sep 27, 2019 at 4:14 PM Kishalaya Mukherjee <kishalaya...@gmail.com> wrote:The huge difference between your basic at retirement and basic at present can't be the impact of 1616-1684 difference. There must be some other reasons which you and your bank should know. The impact of 1616-1684 points is less than 20% in basic. But in your case it is more than 70%. 1616-1684 arrear is applicable for those who have retired before Nov 2002. All who have retired between Nov 2002 and Nov 2007 are receiving DA @ .18% flat without tapering.You should visit your pension disbursing branch personally to get a copy of your pension calculation worksheets.--On Fri, 27 Sep, 2019, 9:37 AM dinesh kumar sharma, <dinesh....@gmail.com> wrote:Thanks SirBut I was paid arrears of pension in June 2018 as Rs 16015 and Rs 19244 interest thereon.It may be for the period from Oct 2004 (my retirement) to 30th April 2005.(For six months 19 days) Our bank had not provided calculation sheets hence I presume that the arrears related to 1616-1684.Please apprise your views with reference to above.Regards--On Thu, Sep 26, 2019, 15:48 Kishalaya Mukherjee <kishalaya...@gmail.com> wrote:Mr. Dinesh Sharma,
If you have retired in the year 2004, then you are getting fully neutralized DA on your basic Pension @ 0.18%.DR factor on your present basic pension is 18.36. Present DR slab is 1219 in your case. So, your total pension should be :10,200 + 22380.84 (18.36*1219) = 32580.84 less commutation 1958/- = 30,622.84.You are entitled to commute a further amount of RS. 1442/-(3400 - 1958).Commuted value will be :1442* 12.05 * 12 = 2,08,513/-But it's upto your bank whether they will consider it or not.You have no relation with 1616-1684 controversy.Thank you.Kishalaya Mukherjee.--On Thu, 26 Sep, 2019, 9:45 AM dinesh kumar sharma, <dinesh....@gmail.com> wrote:Thanks a lot for your responseAs calculation sheet was not provided to us BP at 1616 point is not known.However BP at the time of retirement was 5876.DOB 29/12/50Regards--On Wed, Sep 25, 2019, 15:48 shantilal nagal <slnag...@gmail.com> wrote:Your present BP of 7880 is @ 1684 points. What was your BP @1616before revision done in last year.You can know it from calculation sheet for arrears paid in 2018.Also inform your date of birth.S K NAGAL
On Tuesday, September 24, 2019, Kishalaya <kishalaya...@gmail.com> wrote:----Mr. Venkataramana,
The information you have provided is not sufficient to calculate your commutation arrears. I am attaching one Commutation Arrear calculator prepared by me by which you can calculate your commutation arrear yourself. But are you sure that you will get the arrears at all?
Thank you.
Kishalaya Mukherjee.
Sent from Mail for Windows 10
From: K V Venkataramana
Sent: 24 September 2019 04:02 PM
To: bankpe...@googlegroups.com
Subject: bankpensioner Commutation arrears
Dear Sir,
I retired from Syndicate Bank under SVRS in April 2001. (28 April 2001). My basic pension is Rs. 7880. Could anyone please tell me what will be my commutation arrears.
Regards,
K V Venkataramana
--
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