FinMin released Dearness Allowance Order to Central Government Employees effective from Jan 2023
No.1/1/2023-E-II (B)
Government of India
Ministry of Finance
Department of Expenditure
North Block, New Delhi
Dated the 3rd April, 2023.
OFFICE MEMORANDUM
Subject: Revision of rates of Dearness Allowance to Central Government employees effective from 01.01.2023.
The undersigned is directed to refer to this Ministry’s Office Memorandum No. 1/3/2022-E-II(B) dated 3rd October, 2022 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 38% to 42% of the Basic Pay with effect from 1st January, 2023.
Also Read:Â Cabinet approves 4% DA Hike for Central Government employees from Jan 2023
2. The term ‘Basic Pay’ in the revised pay structure means the pay drawn in the prescribed Level in the Pay Matrix as per 7th CPC recommendations accepted by the Government, but does not include any other type of pay like special pay, etc.
3. The Dearness Allowance will continue to be a distinct element of remuneration and will not be treated as pay within the ambit of FR 9(21).
4. The payment on account of Dearness Allowance involving fractions of 50 paise and above may be rounded to the next higher rupee and the fractions of less than 50. paise may be ignored.
5. These orders shall also apply to the civilian employees paid from the Defence Services Estimates and the expenditure will be chargeable to the relevant head of the Defence Services Estimates. In respect of Armed Forces personnel and Railway employees, separate orders will be issued by the Ministry of Defence and Ministry of Railways respectively.
Also Read:Â DA / DRÂ Orders
6. In so far as the persons serving in the Indian Audit and Accounts Department are concerned, these orders are issued in consultation with the Comptroller and Auditor General of India, as mandated under Article 148(5) of the Constitution of India.
(B. K. Manthan)
Deputy Secretary to the Government of India
To
All Ministries/Departments of the Government of India (as per standard distribution list)
Copy to: C&AG, UPSC, etc. as per standard endorsement list.
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Union government has recently launched and announced the savings/deposits from the senior citizens and from pensioners deposits amount in hike up to crores and they could earn money for Rs 75000 and above as interest per month.
Please find the full details and do accordingly. This is the latest one message from the Government.
I have an A/C under SCSS where deposit amount is RS 1500000 . Now according to new order can i deposit RS. 1500000 additional under SCSS in new account?