News Update: Revisions in Pension for Retired Bank Employees, Family Pension Updation, and RBI Pension Formula 22 Announced

by | Jul 29, 2023 | Retirement Pension | 30 comments




Bank Pension Updation formula and calculation as per the RBI formula. Please watch the video to know about Bank Pension Updation formula and calculation. Retired Bank Employees Pension Revision News | Family Pension updation News | RBI Pension Formula 22. retired bank employees pension updation latest news please

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Retired Bank Employees Pension Revision News | Family Pension updation News | RBI Pension Formula 22

The recent announcement by the Reserve Bank of India (RBI) regarding the revision of pension for retired bank employees has brought great relief to thousands of individuals who have dedicated their lives to serving the banking industry. The new pension formula, known as RBI Pension Formula 22, aims to provide retirees with a more equitable and sustainable pension plan, ensuring their financial security in their twilight years.

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The pension revision news has been long-awaited by retired bank employees who felt that their pensions were not in line with the rising cost of living. The previous pension formula, which was based on the pay scale of the employee during his or her last drawn position, often resulted in inadequate pensions, leaving the retirees struggling to meet their day-to-day expenses.

Under the new RBI Pension Formula 22, the pension will be calculated based on the average monthly emoluments of an employee during the period of 10 months preceding the date of retirement. This will not only provide a fairer calculation of the pension but also ensure that it keeps up with inflation and other economic factors.

In addition to the revision of pension for retired bank employees, the RBI has also addressed the issue of family pensions. Family pensions are provided to the spouse or dependent family members of a deceased bank employee, providing them with a source of income to sustain their livelihoods. However, the previous family pension scheme left much to be desired, as it was calculated based on a percentage of the initial pension received by the employee.

The RBI has now updated the family pension scheme to ensure that it is no less than 30% of the pay of the employee at the time of his or her retirement. This revision will significantly increase the amount received as family pension and provide greater financial stability to the beneficiaries.

The revision of pension and family pension schemes by the RBI is a commendable step towards recognizing the hard work and dedication of retired bank employees. It not only ensures their financial well-being but also acknowledges their contribution to the banking sector.

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This move will undoubtedly be welcomed by the retired bank employees and their families, who can now enjoy a more comfortable retirement without having to worry about financial constraints. It is a testament to the RBI’s commitment to safeguarding the interests of its employees and upholding their dignity in their senior years.

The revision of pension and family pension news has come as a ray of hope for retired bank employees and their families, who have been eagerly awaiting this development. It reflects the RBI’s responsiveness to the needs and concerns of its staff, and its commitment to creating a sustainable and fair pension system.

In conclusion, the pension revision news for retired bank employees and the updated family pension scheme by the RBI is a positive development that will have a significant impact on the lives of retirees and their families. It ensures their financial security and recognizes their contribution to the banking industry. This step by the RBI is indeed commendable and will be welcomed with open arms by those who have dedicated their lives to serving the nation through the banking sector.

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30 Comments

  1. Pradeep Hegde

    Thank you for the feedback, nice information,if everything goes right.

  2. Manga Janumanchi

    Thumko koun bola hai rbi pattern me hee bankers updation s hoga….sapne mein dikha kyaa…paagalonke jaisa apne guess news aap karlo …

  3. Krishna Kanhaiya

    Sir mera family pension 20% hi mil rhe hai keya kre

  4. Jayadev Nayak

    We need concreate newd.

  5. ramani majumdar

    Why are you taking trouble for all these
    Calculation,wait for 2/3 BPS then ,see
    If any positive development comes,,,
    Leaders cannot think of any updation,

  6. VKS Gold

    RBI PENSION FORMULA BETTER

  7. Kishor Pandiya

    O R O P is not proper because there will be anomally in between senior and junior. Calculation of basic pension as per last basic pay should be fixed if it is beneficial to retires. There is anomaly due to ten month average formula. 11/1987 – 11/1992 / 11/1997 – 11/ 2002 – 11/2007 – 11/2012 / 11/2017 now 11/2022 due B P S. How long we pensioner can wait with trust in our law notification of G O I. Now we all have sold out total properties to reach family obligations.

  8. Suresh Singh

    RBI के अनुसार ही सही रहेगा

  9. Sukhdev Kundal

    Sir,aap ko calculation ka kya fayda hua agar baat ko antim anzam tak nahin pahuncha sake to.
    Aap 1990 aur 2010 ki motional basic pension lattest conversion factor apply kar ke lattest da apply kar aajke rate mein pension calculate kar rahe hain,lekin 1990 aur 2010 mein prerebised ya unrevised ya
    not being reviewed sed mein pension kitni ban rahi thi,tabhi to difference ka pata chalega.

  10. Satish chander Seth

    One. Rank. One Pension is good for Bank employee
    B

  11. Sukhdev Kundal

    Sir 10percent basic pay mein badhotri ki ho to tab aisi calculation banti hai.Agar 2012 aur 2071 mein
    bp mein izafa hi 2 perent ka kiya ho to 10percent kaise koi manega. RBI
    ki baatalag hai unn ki bp mein lagataar achchhi khasi ya 10,%0se zayad hi hoti rahi hai to unn ki 10%
    assumption ki baat banti hai.Banks ke case mein 1992 mein 100 +91.79
    =194.44,which means badhotri 1%
    to aap ke kene se 10%0kaise Maan lengen.

  12. VIJAYARAGHAVAN C A

    I retired on, 25.06.2001. My Basic Pay is Rs.7955. What will be my Basic pay and dearness allowance as per new calculations?

  13. Ravindranath B

    Consider the qualifying service for 50% of pension must be reduced from 33 years to 20 years in line with the RBI and CG employees while implementing OROP in banks.

  14. Vijay Kapoor

    One rank one pension should be introduced matter will be solved for evet

  15. Mathi Van

    You U Tubers are the first enemy to pensioners and then IBA Govt Unions!

  16. Kishor Pandiya

    Up dation of pension should be paid soon along with uniform DA to pensioner who retired before 01/11/2002.they are on last journey of their life.it is not a obligation but balance payment with others who are already increased pension .

  17. Vijendra Sharma

    बैंक सेवानिवृत्त लोगों की पेंशन को अद्यतन करते समय, 10वीं बीपीएस में पेश किए गए 'विशेष वेतन' के बारे में क्या है, यानी मूल के 7% पर टर्मिनल लाभ नहीं मिलता है और इस पर कोई पेंशन नहीं है। 2012 से 2017 के बीच 10वीं बीपीएस के बाद सेवानिवृत्त होने वाले प्रत्येक बैंक पेंशनभोगी द्वारा इसे ध्यान में रखा जाना चाहिए।
    While updating the pension of bank retirees, what about the 'Special Pay' introduced in 10th BPS i.e. 7% of basic does not attract the terminal benefits and NO PENSION on it. IT SHOULD BE KEEP IN MIND BY EVERY BANK PENSIONER RETIRED BETWEEN 2012 TO 2017 AFTER 10TH BPS.

  18. Rajkumar Chauhan

    Salary increase in 2012 and 2017 settlement there is no increase in pension as the main increase in special pay , which is not for pension whenever it is not any allowance , it is permanent salary. So there is no much different in pension after 2007to till date.

  19. MOHAN MAHANANDIA

    Pension updation हुआ भी नहीं और आप कौनसा formula बता रहे हैं। इसलिए यह formula कोई काम की नहीं है।

  20. Raman Sharma

    Please give the video of the Karnataka High court case filed by Aibea for restoring pf bank contribution to the associate sbi employees from the date of confirmation of their services as was given to employees of state bank of saurashtra pl enquire from chv of Aibea

  21. Raman Sharma

    Sir please give the video of the Karnataka High court case filed by Aibea for restoring pf bank contribution restoration to associate sbi employees from the date of confirmation of their services as was given to employees of state bank of saurashtra pl enquire from chv of Aibea

  22. rajinder singh punia

    One rank one pension is beneficial for bank employees also.

  23. Satish chander Seth

    Sir, one Rank One Pension is very good for Bank employees, if implemented

  24. Syed Abdul

    ONE rank ONE pension WOH CHAI WALA BEWAQOOF KA FORMULA HAI. JAHIL LOG ISTARHA KE BAAT KARTAY HAIN. LAIKIN. Abhi JAISA BHI HAI WAHI FORMULA CORRECT HAI

  25. Raj Kumar Verma

    पिछले 10 सालों से लगातार हम लोग वेंकटचलम के विभिन्न बयानों को सुन रहे हैं, उनके यह सभी बयान झूठे पाए गए हैं, बार-बार जिस 2016 के बयान का उल्लेख किया जा रहा है, उसकी हवा सुनील मेहता जी ने दिल्ली एआईबीआरएफ कि दिल्ली कॉन्फ्रेंस में निकाल दी थी कि यह मामला हमारे सामने कभी भी उठाया नहीं गया है, अतः झूठे व्यक्ति का विश्वास करने का कोई औचित्य नहीं है, कृपया इस प्रकार की पोस्टों को बार-बार वीडियो के माध्यम से ना डालें, इससे आपकी खुद की विश्वसनीयता भी संकट में पड़ जाएगी, जहां तकAIBRF का प्रश्न है यह अविश्वसनीय संस्था साबित हुई है, यह वेंकटचलम की बी टीम है, इसी ने 100% DA का केस जानबूझकर हारा, कंप्यूटेशन का पेमेंट इन्हीं के पत्र की वजह से नहीं हो पा रहा है, इनको खुद ही मालूम नहीं कि उनके वास्तविक डिमांड क्या है हर बार अपना स्टैंड बदलते रहते हैं, इसलिए इन पर विश्वास करने का कोई कारण नहीं है, इन्हें इग्नोर करने की आवश्यकता है
    धन्यवाद
    आर के वर्मा सहारनपुर

  26. Sharadha Kothandaraman

    I have got retirement on 10.2.2006 and my basic pension is 7999/- . Please inform me what will be the pension amount with DA i will be getting after pension updation.

  27. Swapan Barman

    Sir it is a useless video for us beacuse I am 75years . Now almost I am in the bed .Till I will pray for good for those who lucky enough to witness the pension revision .

  28. Mohan Kaduskar

    R R B मे फैमली पेंशन, 30% हुई या नही, नही तो कब होगी।

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