Retired RBI staff get higher pensions

Nearly 30,000 Reserve Bank of India (RBI) retired employees have received a 13.56% increase in pension after a gap of four years, showed an internal letter.

The government informed its decision to revise the pension for RBI employees who retired before 1 November 2017. The revised pension was effective from June 2023.

“The basic pension of pensioners retired prior to 1 November 2017 shall be revised by a factor of 1.63 ie, the existing basic pension of Rs. 100 will be revised to basic pension of Rs. 163 from the month of June 2023 onwards,” said the letter written by chief general manager of human resources at RBI.