Question : Revision of Pension in RBI

(a) whether the approval sought for the revision of Pension to the retired employees of Reserve Bank of India (RBI) was rejected by the Government in the past;
(b) if so, the details thereof;
(c) whether revision of pension for the retired employees of RBI rejected by the Government is implemented by RBI; and
(d) if so, the details thereof and if not, the reasons therefor?

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE


(a) to (d): Following a request made by the Reserve Bank of India (RBI) for revision of pension of its retired employees, the Central Government, on 5.3.2019, has approved an increase of 10% in pension plus dearness allowance. RBI has informed that it has implemented the revision vide its circular dated 7.3.2019.

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