The AICPIN – IW (All-India Consumer Price Index Number – Industrial Workers) for May 2022 has been released on 30.06.2022, the last working day of June month, by Labour Bureau, under Ministry of Labour and Employment.
Based on the AICPIN of April, May, June 2022, Dearness Relief (DR) hike from August 2022 to January 2023 will be calculated here. Also, the official circular and exact hike of DA will be declared by IBA in the first week of August, for all types of bank pensioners.
Major Contents in the Post: (Jump to the Section)
- Expected DA, DR payable to Bank Pensioners for period Aug 2022 to Jan 2023
- DA, DR payable to Bank Pensioners for period Feb 2022 to July 2022
- Slab Calculation or formula of DR payable to Bank Pensioners
- DR for Bank Pensioners retired on or after 01.11.2017
- DR for Bank Pensioners retired between 01.11.2012 to 31.10.2017
- DR for Bank Pensioners retired between 01.11.2007 to 31.10.2012
- DR for Bank Pensioners retired between 01.11.2002 to 31.10.2007
- DR for Bank Pensioners retired between 01.04.1998 to 31.10.2002
- DR for Bank Pensioners retired between 01.11.1992 / 01.07.1993 to 31.03.1998
- DR for Bank Pensioners retired between 01.01.1986 to 31.10.1992 / 30.06.1993
- DR for Bank Pensioners, who has survived pre-01.01.1986 retirees of banks
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Expected DR hike of Bank Pensioners for duration from August 2022 to January 2023:
DR slab and rate of Dearness Relief are shown below for all kinds of retirement date range, for the period from August 2022 to January 2023.


Bank pensioners DA, DR rate hike payable from Feb’22 to Jul’22 by IBA:
- DA, DR rate for bank pensioners will increase to 32.97%, hike of 5.18%, who retired after 01.11.2017.
- DA, DR rate for bank pensioners will increase to 94.90%, hike of 7.40%, who retired between 01.11.2012 to 31.12.2017.
- DA, DR rate for bank pensioners will increase to 202.50%, hike of 11.10%, who retired between 01.11.2007 to 31.12.2012.
- DA, DR rate for bank pensioners will increase to 267.66%, hike of 13.32%, who retired between 01.11.2002 to 31.12.2007.
- DA, DR rate for bank pensioners will be hiked by 17.76/14.80/8.88/4.44% as per their basic scale, who retired between 01.11.1998 to 31.12.2002.
- DA, DR rate for bank pensioners will be hiked by 25.90/21.46/12.58/6.66% as per their basic scale, who retired between 01.11.1992 / 01.07.1993 to 31.03.1998.
- DA, DR rate for bank pensioners will be hiked by 49.58/40.70/24.42/12.58% as per their basic scale, who retired between 01.01.1986 to 31.10.1992 / 30.06.1993.
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Dearness Relief, DR of Bank Pensioners for period Feb 2022 to July 2022:
Government of India had released average AICPIN for October 2021, November 2021, December 2021. With these ‘All India Average Consumer Price Index Number for Industrial Workers’ (AICPIN-IW), the Dearness Relief for Bank Pensioners has been declared for the period from February 2022 to July 2022 by Indian Banks Association (IBA) in addition to DA for bank’s working employees.
The Rate of Dearness Relief (DR) on pension has been declared 32.97% for Bank Pensioners, who retired on or after 01.11.2017. This increase in Dearness Relief (DR) are payable to pensioners of IBA’s member banks under regulation 37 of Bank Employees’ Pension Regulations.
IBA has also advised banks to pay on ad hoc basis the DR to the pensioners for period February 2022 to July 2022 , due to pending amendments in Pension Regulations.
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IBA order regarding DR of Bank Pensioners for period February 2022 to July 2022 : (DR Official order – IBA website)
Dearness Relief (DR) for Bank Pensioners, who retired on or after 01.11.2017, Part – VII:
DR for Bank Pensioners during period Feb 2022 to July 2022:
- Average Quarterly AICPIN Index : 8239,
- Slabs = (8239-6352)/4 = 471,
- DR Rate per slab = 0.07 % of Slab = 471 x 0.07 % = 32.97%
Dearness Relief (DR) payable to Bank Pensioners for period Feb 2022 to July 2022 | 32.97 % of Basic Pension |
Dearness Relief (DR) for Bank Pensioners, who retired on or after 01.11.2012 and up to 31.10.2017, Part – VI:
DR for Bank Pensioners during period Feb 2022 to July 2022:
- Average Quarterly AICPIN Index : 8239,
- Slabs = (8239-4440)/4 = 949,
- DA Rate per slab = 0.1 % of Slab = 949 x 0.1 % = 94.9%
Dearness Relief (DR) payable to Bank Pensioners for period Feb 2022 to July 2022 | 94.9% of Basic Pension |
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Dearness Relief (DR) for Bank Pensioners, who retired on or after 01.11.2007 and up to 31.10.2012, Part – V:
DR for Bank Pensioners during period Feb 2022 to July 2022:
- Average Quarterly AICPIN Index : 8239,
- Slabs = (8239-2836)/4 = 1350,
- DA Rate per slab = 0.15 % of Slab = 1350 x 0.15 % = 202.50%
Dearness Relief (DR) payable to Bank Pensioners for period Feb 2022 to July 2022 | 202.50% of Basic Pension |
Dearness Relief (DR) for Bank Pensioners, who retired on or after 01.11.2002 and up to 31.10.2007, Part – IV:
DR for Bank Pensioners during period Feb 2022 to July 2022:
- Average Quarterly AICPIN Index : 8239,
- Slabs = (8239-2288)/4 = 1487,
- DA Rate per slab = 0.18 % of Slab = 1487 x 0.18 % = 267.66%
Dearness Relief (DR) for period Feb 2022 to July 2022 | 267.66% of Basic Pension |
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Dearness Relief (DR) for Bank Pensioners, who retired on or after 01.04.1998 and up to 31.10.2002, Part – III:
DR for Bank Pensioners during period Feb 2022 to July 2022:
- Average Quarterly AICPIN Index : 8239,
- Slabs = (8239-1685)/4 = 1638,
- DA Rate per slab (respectively in order) =
- 0.24 % of Slab = 1638 x 0.24 % = 393.12%
- 0.20 % of Slab = 1638 x 0.20 % = 327.60%
- 0.12 % of Slab = 1638 x 0.12 % = 196.56%
- 0.06 % of Slab = 1638 x 0.06 % = 98.28%
Basic Pension | Dearness Relief (DR) for period Feb 2022 to July 2022 |
Up to ₹ 3,550 | 393.12% |
₹ 3,551 to ₹ 5,650 | ₹ 13955.76 + 327.60% (of basic pension in excess of ₹ 3,550) |
₹ 5,651 to ₹ 6,010 | ₹ 20835.36 + 196.56% (of basic pension in excess of ₹ 5,650) |
Above ₹ 6,010 | ₹ 21542.97 + 98.28% (of basic pension in excess of ₹ 6,010) |
Dearness Relief (DR) for Bank Pensioners, who retired on or after 01.11.1992 / 01.07.1993 and up to 31.03.1998, Part – II:
DR for Bank Pensioners during period Feb 2022 to July 2022:
- Average Quarterly AICPIN Index : 8239,
- Slabs = (8239-1148)/4 = 1772,
- DA Rate per slab (respectively in order) =
- 0.24 % of Slab = 1772 x 0.35 % = 620.20%
- 0.20 % of Slab = 1772 x 0.29 % = 513.88%
- 0.12 % of Slab = 1772 x 0.17 % = 301.24%
- 0.06 % of Slab = 1772 x 0.09 % = 159.48%
Basic Pension | Dearness Relief (DR) for period Feb 2022 to July 2022 |
Up to ₹ 2,400 | 620.20% |
₹ 2,401 to ₹ 3,850 | ₹ 14884.80 + 513.88% (of basic pension in excess of ₹ 2,400) |
₹ 3,850 to ₹ 4,100 | ₹ 22336.06 + 301.24% (of basic pension in excess of ₹ 3,850) |
Above ₹ 4,100 | ₹ 23089.16 + 159.48% (of basic pension in excess of ₹ 4,100) |
Dearness Relief (DR) for Bank Pensioners, who retired on or after 01.01.1986 and up to 31.10.1992 / 30.06.1993, Part-I:
DR for Bank Pensioners during period Feb 2022 to July 2022:
- Average Quarterly AICPIN Index : 8239,
- Slabs = (8239-600)/4 = 1909,
- DA Rate per slab (respectively in order) =
- 0.24 % of Slab = 1909 x 0.67 % = 1279.03%
- 0.20 % of Slab = 1909 x 0.55 % = 1049.95%
- 0.12 % of Slab = 1909 x 0.33 % = 629.97%
- 0.06 % of Slab = 1909 x 0.17 % = 324.53%
Basic Pension | Dearness Relief (DR) for period Feb 2022 to July 2022 |
Up to ₹ 1,250 | 1279.03% |
₹ 1,251 to ₹ 2,000 | ₹ 15987.87 + 1049.95% (of basic pension in excess of ₹ 1,250) |
₹ 2,000 to ₹ 2,130 | ₹ 23862.49 + 629.97 % (of basic pension in excess of ₹ 2,000) |
Above ₹ 2,130 | ₹ 24861.45 + 324.53% (of basic pension in excess of ₹ 2,130) |
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Dearness Relief (DR) for Bank Pensioner, who has survived pre-01.01.1986 retirees of banks and surviving spouses of pre-01.01.1986 retirees:

DR payable for period Feb 2022 to July 2022 are given below : Average Index : 8239
- Surviving pre-01.01.1986 retirees of banks
- Surviving spouses of pre-01.01.1986 retirees who are in receipt of Ex-gratia.
Pensioners | Amount of Ex-gratia per month (A) | Rate of Dearness Relief | Amount of Dearness Relief per month (B) | Total Ex-gratia amount including Dearness Relief per month (A+B) |
pre-01.01.1986 retirees | ₹ 350 | 1279.03% | ₹ 4477 | ₹ 4827 |
Surviving spouses of pre-01.01.1986 retirees | ₹ 175 | 1279.03% | ₹ 2238 | ₹ 2413 |
DR Official order surviving pre-01.01.1986 – IBA website
DR hike history of bank pensioners:
Period of DR hike | Retired after 01.11.2017 | Retired between 01.11.12 to 31.10.17 | Retired between 01.11.07 to 31.10.12 | Retired between 01.11.02 to 31.10.07 |
Aug’22 to Jan’23 | ||||
Feb’22 to Jul’22 | 32.97(+5.18%) | 94.90(+7.40%) | 202.50(+11.10%) | 267.66(+13.32%) |
Aug’21 to Jan’22 | 27.79(+1.61%) | 87.50(+2.30%) | 191.40 (+3.45%) | 254.34 (+4.14%) |
Feb’21 to Jul’21 | 26.18(+5.39%) | 85.20 (+ 7.70 %) | 187.95 (+ 11.55%) | 250.20 (+ 13.86%) |
Aug’20 to Jan’21 | 20.79 | 77.5 | 176.4 | 236.34 |
How to calculate DR of bank pensioners? What is the formula of DR calculation of bank pensioners? Example:
Slab and rate calculation for DR of bank pensioners from Aug 2021 to Jan 2022:
- Jun 2021 AICPIN – 121.7 x 2.88 x 4.63 x 4.93 = 8000.39
- May 2021 AICPIN – 120.6 x 2.88 x 4.63 x 4.93 = 7928.07
- Apr 2021 AICPIN – 120.1 x 2.88 x 4.63 x 4.93 = 7895.20
For those pensioners, who retired after 01.11.2017, 6352 points of DA was merged with the ‘pay’ and DA rate was fixed at 0.07 % per DA slab. So, the calculation of Bank DR is:
- Average of the quarter (Apr, May, Jun) = 7941.22 [(7895.20+7928.07+8000.39) / 3 = 7941]
- Number of DA slabs = 7941– 6352= 1589/ 4 = 397 slabs
- DA rate effective from 01.08.2021 = 27.79 % (0.07 % of 397), formula applicable for those pensioners, who retired on or after 01.11.2017.
Disclaimer: Kindly refer dpe.gov.in for any inconsistencies in rules, understandings and clarification.
What about family pensioner’s DA
DA updated now for all types of retirees and pensioners
Nice & detailed calculations understandable easily.
Very nice and lucid presention. Regards. 6.9.21
DA oncrease for Bank pensioners will how much for month in terms of rupees and when it will be credited? before 31stcDecember?