BREAKING NEWS

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first*** DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN***Outcome of Today’s meeting with IBA - 31.01.2023***All India Bank Strike 27.06.2022******PLEASE VISIT INDIAN TOURISM CULTURE & HERITAGE *****NITI Aayog finalised names of Two public sector banks and one general Insurance Co. for privatisation****No economic reason to privatise PSU banks---post date 24.05.2021******Mobile users may soon be able to switch from postpaid to prepaid and vice versa using OTP*****India May Privatise or Shut 46 PSUs in First 100 Days, Says NITI Aayog's Rajiv Kumar----We should start with the banks*****Expected DA for Bank Employee from August 2019 is 24 slab to 29 slab*****RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019******WITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI***** Salient features of Sukanya Samriddhi Account---Who can open and how?******OBC posts 39% rise in Q4 profit, OBC readt tWITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI o take another Bank--MD MUkesh Jain*******DA FOR BANKER FROM NOV 2018 IS INCREASE 66 SLAB I.E 6.60%****40,000 STANDARD DEDUCTION IN YOUR TAX - IS A GREAT DRAM/BLUFF BY JAITLY SEE DETAILS+++++++Cabinet approves plans to merge PSU banks-The final scheme will be notified by the central government in consultation with the Reserve Bank. post date 23.08.2017****IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only post dated 07.07.2017*****

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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Friday, August 27, 2021

COMPARATIVE FP CHART: FROM APRIL 1, 2021 REVISED FAMILY PENSION (BANK) PAYABLE

 Ministry of Finance (Department of Financial Services) in its letter dated 25.08.2021 addressed to the Chief Executive of IBA conveyed the revision of family pension. According to the letter, the payment of Family Pension should be at a uniform rate of 30% of the pay of the deceased employee without any ceiling on family pension effective from 1.4.21.

Family Pension is computed on the LAST DRAWN PAY of the deceased Employee which includes Basic Pay + eligible Portion of PQA & FPA ranking for PF

Sixty percent of the pension drawn by you is the approximate family pension payable to your spouse after your death. The below chart is prepared for your reference, considering the top of the pay scale at the time of retirement/ death while still in active service.

CadreExisting Family Pension (BASIC+DR)Revised Family Pension (BASIC+DR)
11th BPS after 1.11.2017
Sub-Staff    803114061
Clerical      1246024919
Off. scale I 1522730543
Off. Scale-II 1675733815
Off. Scale III 1675734867
Off Scale-IV 1675736007
Off. Scale V 1675739459
Off. Scale VI 1675743956
Off Scale VII1675748832
BPS 10 after 1.11.2012 to 31.10.2017
Sub-Staff    836712550
Clerical      1108722174
Off. scale I 1108722174
Off. Scale-II 1212324248
Off. Scale III 1358527171
Off Scale-IV 1561131222
Off. Scale V 1633034864
Off. Scale VI 1633040380
Off Scale VII1633044855
9th BPS after 1.11.2007 to 31.10.2012
Sub-Staff    775411631
Clerical      1023420468
Off. scale I 1056321125
Off. Scale-II 1154923098
Off. Scale III 1294625893
Off Scale-IV 1487829756
Off. Scale V 1660433208
Off. Scale VI 1624838740
Off Scale VII1624842744
BPS 8 after 1.11.2007 to 31.10.2012
Sub-Staff    52957943
Clerical      802713878
Off. scale I 958119163
Off. Scale-II 1046420823
Off. Scale III 1235524710
Off Scale-IV 1268125361
Off. Scale V 1398327967
Off. Scale VI 1541230825
Off Scale VII1675434250
BPS 7 after 1.04.2002 to 31.10.2002
Sub-Staff    592970148
Clerical      792612657
Off. scale I 883817545
Off. Scale-II 955718794
Off. Scale III 1057120557
Off Scale-IV 1137521953
Off. Scale V 1244623815
Off. Scale VI 1363025684
Off Scale VII1501127009
BPS 6 Nov 92/July 93 to 31.03.2002
Sub-Staff    59026402
Clerical      774111611
Off. scale I 789216578
Off. Scale-II 899617770
Off. Scale III 998519457
Off Scale-IV 1076020775
Off. Scale V 1179022532
Off. Scale VI 1302524641
Off Scale VII1441126176
BPS 5  after 1.1.86 to 31.10.92 
Sub-Staff    59135992
Clerical      788411275
Off. scale I 792415847
Off. Scale-II 866017028
Off. Scale III 967118871
Off Scale-IV 1053820318
Off. Scale V 1172120507
Off. Scale VI 1290324266
Off Scale VII1379725347
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