RBI Announces Revision of Pension and Family Pension

The Reserve Bank of India revises pension and family pension for eligible former employees with retrospective effect from November 1, 2022.

Overview of RBI Pension Revision

The Reserve Bank of India (RBI) has announced a revision of pension and family pension for eligible former employees of the Bank.

This decision applies to employees who retired from RBI service before November 1, 2022.

The move is expected to provide significant financial relief to pensioners and family pensioners.

The pension revision has received approval from the Government of India.

It will be implemented with retrospective effect from November 1, 2022.

Eligible pensioners will receive revised pension amounts applicable from this effective date.

RBI issued an official circular regarding the pension revision on January 28, 2026.

The circular was released by the Human Resource Management Department of the Reserve Bank of India.

It provides detailed guidelines on eligibility, calculation, and payment of revised pension.

The revised pension framework is applicable to all RBI employees who retired prior to November 1, 2022.

This includes both pensioners and family pensioners covered under the RBI pension regulations.

Pension payments under the revised structure will commence from November 1, 2022 onwards.

As per the notification, the existing basic pension or family pension will be revised by applying a multiplication factor of 1.43.

The revised pension amount will become the new base for all future pension payments.

This revision ensures uniform enhancement across eligible pensioners.

Following the pension revision, Dearness Relief (DR) will be payable as per the applicable RBI norms.

DR will be calculated based on the Consumer Price Index for Industrial Workers (CPI-IW).

The base index for DR calculation has been fixed at 123.03.

The RBI circular includes a detailed DR slab chart as an annexure.

Pensioners can refer to this annexure to understand DR rates applicable at different CPI-IW levels.

This ensures transparency and clarity in the calculation of Dearness Relief.

The pension revision is expected to improve the post-retirement financial security of RBI pensioners and their families.

Retrospective implementation ensures that pensioners receive arrears for the eligible period starting November 2022.

The move aligns RBI pensions more closely with inflation trends.

The RBI’s decision to revise pension and family pension marks a significant step in supporting its retired workforce.

With government approval and retrospective implementation, the revision offers long-term benefits to eligible pensioners.

Clear guidelines on pension calculation and DR ensure consistency, transparency, and financial stability for RBI retirees.