DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN

Today i.e. on 31.01.23 CPI for the month of Dec'22 released as 132.30 it decreased by 0.15 points with respect to previous month (Nov'22). Bankers DA calculator is updated hereunder accordinly. Earlier the Govt vide their notification dated 22.10.20 (click to view the letter) has changed the Consumer Price base year from 2001=100 to 2016=100 for Industrial Workers.

On the basis of CPI data announced by the Govt for the months of Oct'22 to Dec'22 (as tabled below) there will be an increase of 32 DA slab and the revised DA slabs payable for the period Feb'23 to Apr'23 comes to 588 as per 11^th BPS

Outcome of Today’s meeting with IBA - 31.01.2023

 Outcome of Today’s meeting with IBA -

*Meeting with IBA*

on

Introduction of 5 banking a days a week and other issues.

We discussed about timing of office Hours, Cash transaction hours and customer service hours.

*Office hours*

UFBU proposes

*0945 to 1715*

37 hrs 30 min per week

IBA suggestions

0945 to 1730 hrs

38 hrs 45 min per week

*Cash Tran. hours*

UFBU proposes

0945 to 1515

25 hrs per week

IBA suggestions

0945 hrs to 1545 hrs

27 hrs 30 min per week

*Customer service hours*

UFBU proposes

0945 hrs to 1615 hrs

30 hrs per week

IBA suggestions

0945 hrs to 1630

31 hrs 15 min

Discussed with positive atmosphere, UFBU not agree to increase cash transaction hours.

5 day Banking - IBA proposed to increase 45 min per day in lieu of two Saturdays/month as against the proposal submitted by UFBU for extension of 30 min per day. Meanwhile IBA has called for UFBU view.

Pension updation - UFBU can come with concrete proposal so that matter can be taken up further

Scraping of NPS - will be taken up in next Bipartite.

Tax deducted on NPS contributions- recommend to govt for exemption.

Stagnation Increment - IBA will revisit & study the formula of the Banks which has released such increments.

*IBA responded positively.*

*Next round of meeting will be held by last week of FEBRUARY*

DA increase 32 slab fromFeb 2023 for Bankers

DA for the qtr. Feb to Apr 23 increased by 32 slab i.e. 2.24% (total 588 slab i.e. 41.16%)

For Pensioners an increase of 62  Slab.

Details chart will be uploaded in this blog after one hourin

Meeting between IBA and Officers & workman union Today

HR & Industrial Relations

No.HR&IR/OTR/XIBPS/

United Forum of Bank Unions 

 Dear Sir,

 Meeting with Workmen Unions/Officers Associations on Tuesday, 31st January, 2023

Further to our communication dated 27.01.2023 on the captioned subject, as suggested during the conciliation meeting held on 27.1.2023 at the Office of Deputy Labour Commissioner, Mumbai, we are providing the revised timing for the said meeting.

 Sl.No. Meeting Time

1. Discussion with the UFBU on common residual issues

11.30 a.m. to 12.15 p.m

2. Discussion with Workmen Unions on the residual issues 12.15 p.m. to 1.15 p.m.

3. Lunch break  1.15 p.m. to 2.00 p.m.

4. Discussion with Officers’ Associations on the residual issues 2.00 p.m. to 3.00 p.m.

Yours faithfully,

-sd-

Brajeshwar Sharma

Senior Advisor (HR&IR)

What is the 7-5-3-1 rule for equity SIP?

What is the 7-5-3-1 rule for equity SIP?

STEP#1. HAVE A 7+ YEAR INVESTMENT TIME FRAME:

• It believed that equity markets usually do well over 7+ year timeframes and this has been proven with the usage from historical data.
• When you invest with a 1 year timeframe, in the past 22+ years, the Nifty 50 TRI has delivered over 10% annualized returns just 58% of the times.
• Chances improve to 80% for more than over 10% realized returns within a 7 year time frame.
• Best part is that there are no instances of negative returns for investment period of 7 year time frame.
• In worst case, annual returns were >5% when invested for 7 years.

Source: MFI, FundsIndia Research. As on 30-Apr-22. Nifty 50 TRI Inception date: 30-Jun-99.

• The above illustration for lump sum investment also applies to Equity SIP. In fact in case of SIP because of Rupee Cost averaging returns are far in excess, i.e., minimum 7% CAGR, as shown below

• Therefore, best Equity SIP investments should be for at least 7 years, i.e., 84 instalments in case of monthly SIP.

STEP#2. DIVERSIFY YOUR EQUITY PORTFOLIO USING 5 FINGER STRATEGY

• Different investment styles, market cap segments and geographies do well during different market phases.
• Hence it becomes important to diversify across them.
• Unique equity portfolio construction strategy ‘5 Finger Framework’ has been built keeping this in mind.
• 5 Finger Framework aims to deliver consistent outperformance with lower downsides over longer timeframes.
• The portfolio should be diversified across different investment styles like
• Quality,
• Value,
• Focus
• Growth at Reasonable Price,
• Large Cap
• Mid Cap
• Small Cap.
• In the last 10 years, the 5 Finger Portfolio has outperformed the Nifty 50 TRI by 4% on an annualized basis.

• The 5 Finger Framework historically has provided:
• Consistent Performance:
• In all 5 year periods, the 5 Finger Strategy has outperformed the Nifty 50 TRI 100% of the times
• 85% of the times, the 5 year outperformance has been more than 3%!
• Lower Downsides

STEP#3. PREPARE MENTALLY FOR THE 3 COMMON POINTS OF FAILURE

• Equity markets have historically provided superior returns over longer time frames.
• The real challenge is to survive the three temporary but inevitable phases of failure that happen during the initial years, most likely in the first 5 years of equity investing.
• The Disappointment Phase
• The phase where the returns are subpar (7-10%)
• The Irritation Phase
• The phase where the returns are much lower than our expectations (0-7%)
• The Panic Phase
• The phase where the returns are negative (below 0%)
• These phases happen as a result of equity market volatility.
• In the last 42+ years of Indian market history it has been shown that
• Temporary market falls of 10-20% happen almost every year and
• 30-60% falls can be expected once every 7-10 years.
• The initial years of investing journey can be very difficult as intermittent market falls lead to a sharp dip in equity returns - resulting in phases of
• disappointment,
• irritation and
• panic.
• Though such phases cannot be avoided but always remember that these falls are temporary in nature.
• Historically, the equity markets have always recovered and the returns improved significantly in the next 1-3 years after the great falls, rise of 2020 and 2009 are recent example.
• See, historical data of NIFTY 50 TRI for SIP returns.
• For 7 year investment horizon, there is no panic zone for returns below zero.

STEP#4. INCREASE YOUR SIP AMOUNT AFTER EVERY 1 YEAR!

• Even a small increase in your Equity SIP amount every year can make a huge difference to your final portfolio value over the long run.
• An increase in SIP amount every year helps you to
• Reach your financial goals faster
• Expand your financial goals
• Over a 20 year period, your portfolio value when you increase your SIP every year by 10% is almost twice the original portfolio with a constant SIP amount every year!
• Here is a table which shows the difference in final portfolio values across different time frames for different % of annual increase in SIP amount

Thus following 7-5-3-1 rule, you are sure to make significant wealth with your equity investment through SIP.

FundsIndia’s 7-5-3-1 Rule for Successful Equity SIP Investing

Equity SIP investing is simple, yet many of us unintentionally make it more complicated than it need

https://www.thehindu.com/brandhub/fundsindias-7-5-3-1-rule-for-successful-equity-sip-investing/article65550234.ece

WHY DO LIC,SBI CONTINUE TO INVEST IN ADANI GROUP, OPPOSITION ASKS

Will Yes Bank go bankrupt soon?

Will Yes Bank go bankrupt soon?

Yes any bank including Yes Bank can go bankrupt and close down. In fact the PSU banks are still afloat because the government regularly inject funds in them. The private banks on the other hand raise money by retail accounts, commercial accounts and bonds.

Both PSU banks and private sector banks invest the money they raise by lending that to retail and corporate borrowers in hope of making profit, which in most cases work fine due to fear of dire consequences if loan repayment is failed.

The problem is when you lend to large corporations. Large corporations like to create wealth from borrowed money. That means if they are setting up a new factory then they will borrow the whole amount from banks and other lenders. They calculate that they will be able to repay in x number of years and make a profit as well. That calculation is where the problem starts. If they are too optimistic then they calculate by applying a lower interest rate which is variable and may increase a lot based on RBI repo rate, also they calculate by adding higher demand of their products. In most cases where business men have bad foresight, they fail to repay the loan because either interest rate goes up or the demand falls. When this happens, they either default on their loan repayment or they start illegal accounting to hide their sorry state. If the lender even sniffs bad health of a borrower then they will force the borrowers to sell assets and repay the full amount in short notice which happens in case of small borrowers. But if the borrower is a large corporations then they will have army of lawyers, accountants and political connections. What can the lender do then? Therefore the banks or lenders either mark that investment as a NPA or mark it as loss.

Now coming to YES bank. YES bank is a fairly large and well known bank. Now they had invested in Anil ambani group, DHFL and many others which were performing spectacularly at one point of time. Some time ago things changed dramatically. India's growth engine the real estate sector started crumbling. And with that all other sectors started crumbling one by one. So now all the money YES bank had lent to these large corporations started turning into bad loans. Mind it that Majority of the borrowers were still good but some large borrowers were defaulting on loans. YES bank could not touch them as they were so well known and respected brands in the country. What does YES bank do at this point is keep showing these borrowers as good assets so that it's own borrowing is not affected. As I mentioned earlier YES bank also borrows money and that borrowing is directly related to YES bank’s health. If YES bank has good assets and less NPAs then people will lend to yes bank by buying it's bonds and creating accounts.

Now it has been revealed that YES bank has falsely showed these non performing assets as good assets. Until recently DHFL was a good asset but now even it has turned into a bad asset. These borrowers form a significant chunk of YES banks asset and that is why YES bank's asset value is going down and with that it's ability to borrow by issuing bonds is going down which is bad as liquidity( in other words the flow of money) is essential for any bank to survive.

Another problem has arrived and that might be the nail in the coffin of YES bank and many other companies including some banks. This problem is called economic slowdown. As per some well known economists, this is structural problem in India. Think in this way, India can either become the next South Korea or the next Argentina. South Korea is better right? But there is a problem in the structure of India. It's the lack of high tech industry. To be like South Korea, China, Taiwan etc you need high tech which creates high earning employment and this fuels growth. But Indian education system, political system and social system is such that it cannot start a high tech sector over night. It takes years in fact decades of incubation to create any industrial sector including high tech which the short sighted Indian lawmakers ignored. They thought that if more people are illiterate then more people will vote for them as they will be easy to fool. Meanwhile the rich and middle class will support them because they will only care about money and money will continue to come from India continuing growth. With their foresight they did not factor in a slowdown which is devastating for them because it will affect the rich and middle class the most. These rich powerful people understand the game and are impossible to fool. It's their wrath that the politicians fear and it is starting to show. The stock market is the collective sentiment of the rich and middle class. For the past few years the whole market has under performed. It does not show because of a few high performing companies. But now even they are faltering. If the government does not change its policies or its functioning then it will be a very bad situation in this country. With that you add the factor that majority of India's population is in it's prime which makes it a dangerous combination. Government still has time to change India and it has a majority with well known leaders. Let's hope government policies change the health of all these ailing companies. Let's hope for the best but prepare for the worst.

Note: (3/6/2020) Recently Yes Bank came under the directive of RBI. It is a hopeful scenario for not only Yes Bank but also other private banks. However we must always be cautious. Indian banking system is extremely fragile both because of the structural condition of our economy as well as the fraud businessmen in India. Keep your eyes open.

Good News for PNBian----PNB reported 44 % yoy fall in net profit at Rs 628.8 crore

PNB reported 44 % yoy fall in net profit at Rs 628.8 crore. provisions rose by 40 % to Rs 4,713 crore from Rs 3,353 crore YOY. GNPA

stands at 9.76 % down from 12.88 % yoy. Net NPA fell to 3.30 % from 4.90 %. Outstanding NPA was Rs 83,583. 9 crore, down from Rs 97,258.7 crore a year ago. Fresh slippages rose marginally to Rs 3,865 crore from Rs 3,831 crore a year ago.

Net interest income grew 17.6 % year on year to Rs 9,179 crore. Non-interest income grew by 23.6 % to Rs 3338 crore.

The bank's cost of deposits rose to 4.15 % from 4 % a year ago, while the yield on advances rose to 7.35 % from 7.29 %. The domestic net interest margin rose to 3.30 % for the December quarter from 3.01 %.

Retail Loan segment, grew 13.5 % year-on-year. Home loans rose 9.16 % and unsecured personal loans surged 40 % year-on-year. The corporate loan book also registered a healthy growth of 12.5 %.

We promise within one month Banking Industry will Witness 5days Banking

 

UFBU details circular regarding conciliation meeting on 27.01.2023

LIC lost 23500 cr Investment value in Adani stocks -Lic money Indian Tax Prayer Money why every one silence

Revision to the Defence pensioners from 01.07.2019: CGDA Order

 

OROP-2 Latest Order – Revision to the Defence pensioners from 01.07.2019: CGDA Order

O/o THE PRINCIPAL CONTROLLER OF DEFENCE ACCOUNTS (PENSIONS)
DRAUPADI GHAT, ALLAHABAD- 211014
Toll Free No: 1800-180-5321 (Timing-9:30 AM to 6:00 PM)

REGISTERED

Circular No. 666

Dated: 20th Jan 2023

To

1. The Chief Accountant, RBI, Deptt. of Govt, Bank Accounts, Central Office C-7, Second Floor, Bandra – Kurla Complex, P B No. 8143, Bandra East Mumbai-400051
2. All CMDs, Public Sector Banks,
3. The Nodal Officers, ICICI/HDFC/AXIS/IDBI Banks
4. All Managers, CPPCs
5. Military and Air Attache, Indian Embassy, Kathmandu, Nepal
6. The PCDA (WC), Chandigarh
7. The CDA (PD), Meerut
8. The CDA, Chennai
9. The Director of Treasury, All States
10. The Pay and Accounts Officer, Delhi Administration, R K Puram and Tis Hazari, New Delhi.
11. The Pay and Accounts Office, Govt, of Maharashtra, Mumbai
12. The Post Master Kathua (J&K), Cump Bell Bay.
13. The Principal Pay and Accounts Officer Andaman and Nicobar Administration Port Blair.

Subject:- Implementation of One Rank One Pension (OROP) revision to the Defence pensioners w.e.f. 01.07.2019.

Reference:- GoI, MoD letters No. 1(1)/2019/D(Pen/Pol)/Vol-II dated 20.01.2023.

A copy of Government of India, Ministry of Defence’ letter No. 1(1)/2019/D(Pen/Pol)/Vol-Il dated 20.01.2023 and Gol, MoD letter No 1(1)/2019/D(Pen/Pol) dated 04.01.2023 on the above subject are forwarded herewith for information and necessary action which are self explanatory.

2. The above Government letters have been issued to implement ‘One Rank One Pension’ (OROP) revision for Defence Pensioners/Family Pensioners in continuance to earlier Govt. order on the subject dated 03.02.2016 circulated vide this office Circular No. 555 dated 04.02.2016. All the implementing instructions mentioned therein shall equally apply on this order until not specially specified herein.

3. The revision of pension in terms of the above Government Orders shall be effective from 01.07.2019 and payment of arrears accrued on account of revision of pension, if any. shall be made in four equal half yearly instalments, however, all the family pensioners including those in receipt of Special/Liberalised Family Pension and all Gallantry award winners shall be paid arrears in one instalment as stipulated earlier.

4, NON-APPLICABILITY

4.1 The provisions of this circular do not apply to UK/HKSRA/KCIOs pensioners, Pakistan and Burma Army pensioners.
4.2 These orders do not apply to Reservist Pensioncrs.
4.3 These orders do not apply to Pensioners in receipt of Ex-Gratia payments.
4.4 Pensioners retired on or after 01.07.2014 i.c. after previous OROP on pre mature retirement/own request.

5. APPLICABILITY
These orders apply to all pensioners/family pensioners who had retired/discharged/invalided out from service/died in service or after retirement in the rank of Commissioned Officers, JCOs/ORs and Non-Combatants (Enrolled) of Army, Navy, Air Force, Defence Security Corps, Territorial Army and who were/are in receipt of the any type of pension mentioned in para 5.1 of Circular No. 555 as on 01.07.2019.

6. Revision of Pension of DSC

Pension of DSC personnel who are in receipt of pension for DSC service only (i.e. those who are getting single pension for the services rendered both in the Army and the DSC by way of counting former service of Army along with the service in the DSC) shall be revised based on the same rates as provided for Regular Army tables. DSC personnel “Clerical Duty” and “other duty” are entitled for pension of Regular Army personnel of Group “Y”.

However, for JCOs/ORs of DSC in receipt of second pension due to their service in the DSC, separate tables have been prepared and enclosed.

7. Guidelines for revision of various Pensions/Family Pensions

The appended tables indicate revised rates of Retiring/ Service/ Special/ Disability / Invalid/ Liberalized Disability/ War Injury Pension including Disability/ War injury Element and Ordinary/ Special/ Liberalized Family Pension of Commissioned Officers, Honorary Commissioned Officers, JCOs/ORs and Non-Combatants (Enrolled) of Army, Navy, Air Force. Defence Security Corps & Territorial Army retired/ discharged/ invalided out from service/died in service or after retirement. The existing pension of all pre-01.07.2019 pensioners/ family pensioners shall be enhanced with reference to the applicable table for the rank (and group in case of JCOs/ORs) in which pensioned with the term of engagement for each rank as applicable from time to time.

Where the revised pension/family pension as on 01.07.2019 worked out in terms of these orders, happens to be less than the existing pension/family pension as on 01.07.2019, the pension shall not be revised to the disadvantage of the pensioner.

8. As provided in para – 4 of MoD order dated 20.01.2023 and para – 2.6 of MoD notification dated 04.01.2023 that the pensioners retired on or after 01.07.2014 i.e. after previous OROP on premature retirement/own request is not eligible for revision of pension under OROP w.e.f 01.07.2019. The information regarding premature retirement/own request are not available in the Pension Payment Order (PPO). Hence, table based revision by PDA in such cases is not feasible.

8.1 Therefore, it is decided that the pension of all such pensioners retired/discharged on or after 01.07.2014and before 01.07.2019 will be implemented through corrigendum PPO. Since, most of the data of pensioners/family pensioners have been migrated in SPARSH, therefore, revision of pension of migrated pensioners/family pensioners will be done through SPARSH only. The suo-moto corrigendum PPO in remaining pensioners retired/discharged on or after 01.07.2014 and before 01.07.2019 will be issued by Pension Sanctioning Authorities in affected cases (where these OROP rates are beneficial than they are drawing as on 01.07.2019).

8.2 In all other cases i.e. pensioners retired/discharged upto 30.06.2014, invalided out prior to 01.07.2019 and family pensioners, this revision will be implemented through table based as appended with this order. All Pension Disbursing Agencies (PDAs) handling disbursement of pension to Defence pensioners are hereby authorized to carry out revision of Retiring/Service/ Special/ Disability/Invalid/ Liberalized Disability/War Injury Pension including Disability/War Injury Element and Ordinary/Special/Liberalized Family Pension of all such pre — 01.07.2019 pensioners/family pensioners drawing pension as on 01.07.2019 in terms of these orders with applicable rates of dearness relief without calling for any applications from the pensioners and without any further authorization from the Pension Sanctioning Authorities concerned.

8.3. The OROP rates is average of minimum & maximum rate of pension for a rank and a qualifying service of live data of 2018 retirees. Wherever, the rates of higher qualifying service of a rank are lower than rates of lower qualifying service in same rank or data is/are blank for higher qualifying service then the same have been protected by higher rate of lower qualifying service, due to this many rates in same column appears equal. Similarly, wherever this OROP rate is lower in higher rank than rate in lower rank in same qualifying service then the same have been protected with higher rates of lower rank in same qualifying service resulting similar rate in some qualifying service in two adjacent columns.

9.PDAs are hereby authorized to revise the pension as under:

(i) Disability Pension/Liberalized Disability Pension

Both the elements of Disability Pension/ Liberalized Disability Pension, i.e. Service Element and Disability Element shall be revised by the PDAs as per pension rates provided in the specific tables. Tables showing revised rates of Service Elements/ Service Pension for various ranks are given in Table Nos. 1 to 10.

Tables showing revised rates of Disability Element (in discharge and invalided out cases) for 100% disability for various ranks are given in Table Nos. 87 to 96.

For disability less than 100%, the Disability Element shall be proportionately reduced as per the period and degree of disablement already accepted.

(ii) War injury Pension

Similarly, revision of Service Element of War Injury Pension cases will also be carried out by the PDAs for which specific tables indicating revised rate of pension have been provided. Both the elements of War Injury Pension, i.c. Service Element and War Injury Element shall be revised by the PDAs in accordance with the specific tables.

Tables showing revised rate of Service Pension/ Service Element for various ranks are given in Tables Nos. 1 to 10.

Tables showing revised rate of War Injury Element (in invalidated out cases) for 100% disability for various ranks are given in Table Nos. 107 to 116.

For disability less than 100%, the War Injury Element shall be reduced proportionately as per the period and degree of disablement already accepted.

Pensioners drawing War Injury Element in addition to their Retiring/ Service Pension (in discharge case), their War Injury Element shall also be revised similarly and table showing revised rate of War Injury Element (in discharge case) for 100% disability for various ranks are given in Table Nos. 97 to 106.

(iii) Family Pension

Similarly, revision of all types of Family Pension viz Ordinary Family Pension (enhanced rate and normal rate), Special Family Pension (SFP/Special Dependent Family Pension/2nd life award of Special Family Pension), Liberalized Family Pension(LFP/Liberalized Dependent Pension/2nd life award of Liberalized Family Pension), cases will also be required to be revised by the PDAs.

(a) Ordinary Family Pension

Both enhanced rate and normal rate of Ordinary Family Pension shall be revised by the PDAs in accordance with specific tables. Tables showing revised rate of Enhanced rate of Family Pension and Normal rate of Family Pension for various ranks are given in Table Nos. 11 to 20 and 21 to 30 respectively.

(b) Special Family Pension

Similarly, tables showing revised rate of Special Family Pension and Special Dependent family Pension/2nd life award of Special Family Pension for various ranks are given in the Tables No. 31 to 40 and 41 to 50 respectively.

(c) Liberalized Family Pension

Similarly, tables showing revised rate of Liberalized Family Pension, Liberalized Family Pension to child/children, Liberalized Dependent family Pension (Both Parents) and Liberalized Dependent family Pension (Single Parents)/2nd life award of Liberalized Family Pension for various ranks are given in the Tables No. 51 to 60, 61 to 70, 71 to 76 and 77 to 86 respectively.

Note: War Injury Element /Disability element/Family Pension is now linked with Service Pension. Therefore, the War Injury Element /Disability Element/Family Pension is also linked with qualifying service of pensioners. Hence, the PDAs may revise Service Pension/Service Element & War Injury Element /Disability Element/Family Pension on the basis of the rank/group/category and qualifying service of the pensioners. Rank, group and qualifying service for which the individual has been pensioned have been indicated in original Pension Payments Orders (PPOs) or it’s Corrigendum PPOs. In case, any information regarding qualifying service, rank, group etc., is/are not available with PDAs, such cases may be referred to Pension Sanctioning Authorities concerned in the proforma enclosed as Annexure-‘A’ (both for JCOs and JCOs/ORs) to the Govt. letter No.1(1)/2019/D(Pen/Pol)/Vol-II dt.20.01.2023 a copy of which is enclosed.

The remaining implementing instructions mentioned in para 7 to 20 of Circular 555 dt 04.02.2016 shall be equally applicable in implementation of this order except the date of effect i.e. 01.07.2019 instead of 01.07.2014 and the details of Nodal Officers. The details of Nodal Officers are as under:-

10. Nodal Officers

In case of any doubt relating to revision of pension in terms of these orders, PDAs may
immediately take up the matter with Nodal Officers of the respective PSAs by name as under:-

For Commissioned Officers
Army:
Shri. S.C. Saroj, Sr. A.O(P)
O/o the PCDA (P) Prayagraj 211014
Phone – 0532-242 1877
Email – pedapg lm.dad[at]bhub.nic.in

Navy:
Smt Pama Jhonson, Sr. AO
O/o the PCDA (NAVY), Mumbai- 400039
Phone – 022-22696139
Email – pedanavy[at]nic.in

Air Force: –
Shri Sangram Singh, Sr. AO
O/o the JCDA (Air Force) New Delhi- 110066
Phone – 011-25695012
Email – dedaaf_delhi.cgda[at]nic.in

For JCQOs/ORs
Army: –
Shri Rakesh Kumar Singh, Sr. A.O(P)
O/o the PCDA (P) Prayagraj – 211014
Phone – 0532-2421877
Email – pcdapgtstech.dad[at]nic.in

Navy: –
Smt Pama Jhonson, Sr. A.O
: O/o the PCDA (NAVY), Mumbai- 400039
Phone – 022-22696139
Email – pcdanavy[at]nic.in

Air Force: –
Shri Amar Singh, Sr. A.O
O/o the Jt. CDA (Air Force) New Delhi
Phone – 011-25695012
E-mail- dcdaaf-delhi.cgda[at]nic.in

A copy of this circular along with the Government of India, Ministry of Defence letter No.1(1)/2019/D(Pen/Pol)/Vol-II dt. 20.01.2023 is also available on the website of this Office (www.pcdapension.nic.in).

Hindi version will follow.

CDA(P) has seen.

No. Gts/Tech/OROP-II/0183/Vol-IV
Dated: 20th Jan 2023

(Rajendra Kumar Gupta)
Asstt. Controller of Defence Accounts(P)