Authorisation of City Union Bank Ltd. as an Authorised Bank towards disbursement of Pensions
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE CENTRAL PENSION ACCOUNTING OFFICE TRIKOOT-II, BHIKAJI CAMA PLACE, NEW DELHI-110066
CPAO/IT&Tech/ Bank Performance/CUB/37 Vol(B)/ 2025-26/13125/107
10.03.2026
To Regional Development Manager, City Union Bank Limited, 18/7, 1st Floor, Keltron Chambers, W.E.A., Arya Samaj Road, Karol Bagh, New Delhi- 110005.
Subject: Authorisation of City Union Bank Ltd. as an Authorised Bank towards disbursement of Pensions – reg.
Sir,
On the basis of the grant of necessary privileges and authorisation by the Central Accounts Section, Reserve Bank of India (CAS, RBI), to City Union Bank Ltd. for disbursement of pension and for reporting of transactions made by its CPPC for daily settlement of pension cases, CPAO, after completing requisite testing and following due procedure, has integrated City Union Bank as a CPPC along with all its branches into Its database. The address of CPPC is as below:
CPPC, City Union Bank Ltd., 18/23, Ground Floor, WEA, Karol Bagh New Delhi- 110005
2. CPAO, therefore, now conveys its approval for City Union Bank Ltd. to start functioning as CPPC as per the guidelines mentioned in the Scheme Booklet of this office.
This issues with the approval of the Chief Controller (Pensions).
The 8th Central Pay Commission has reached a significant milestone by launching its online submission portal. For the millions of Central Government employees and pensioners involved, this marks the official beginning of the consultation phase.
To ensure your suggestions are considered, please note the following critical timeline:
Key Dates for Online Submissions
Event
Date
Online Submission Opening
March 5, 2026
Online Submission Deadline
April 30, 2026
What You Need to Know
The transition to an online submission process is designed to streamline the collection of feedback from across the country. Whether you are representing a major Service Association or submitting as an individual pensioner, the digital platform ensures that your memorandum is recorded and categorized efficiently.
Timely Action: With the window closing on April 30, 2026, stakeholders have less than two months to finalize their data, draft their arguments, and upload their documents.
Comprehensive Scope: This portal is the primary channel for Central Government employees (industrial and non-industrial), Defence Forces, All India Services, and employees of Union Territories and Audit Departments.
Digital Accuracy: Ensure all uploaded files are in the prescribed format (usually PDF) and that your contact information is verified to receive confirmation of your submission.
Strategic Considerations for Your Submission
Given the digital nature of the 8th CPC’s data collection, consider the following when preparing your online entry:
Executive Summary: Include a concise summary of your main points at the beginning of your document.
Supporting Data: Use tables and charts to illustrate the impact of inflation or pay anomalies since the 7th CPC.
Specific Categories: If your grievance relates to a specific allowance (like HRA or DA), ensure it is clearly tagged or titled.
8th Pay Commission: Unions Demand 5-Member Family Unit; Move Could Trigger 66% Hike in Basic Pay
The 8th Central Pay Commission (CPC) is currently the focal point of intense negotiations between the Government of India and various employee unions. While a 10-year revision is standard, the upcoming 8th CPC is poised for a structural shift. The most significant demand gaining traction is the proposal to increase the “family unit” size for salary calculations from 3 to 5 members.
The Core Demand: Expanding the Family Unit
Historically, pay commissions have used the Aykroyd Formula to determine minimum wages. This formula calculates the cost of living based on food (calories), clothing, and shelter for a “family unit.”
Current Framework (7th CPC): Defined as 3 units (Husband, Wife, and two children—where children are often counted as partial units).
Proposed Framework (8th CPC): Unions, led by the National Council (Staff Side)–JCM, are demanding an increase to 5 units.
Why the Change?
The rationale behind this shift is rooted in changing social and legal realities:
Dependency of Parents: Unions argue that in the Indian context, elderly parents are almost always financially dependent on their children.
Legal Obligation: The Maintenance and Welfare of Parents and Senior Citizens Act, 2007 makes it a legal responsibility for children to support their parents, yet the current pay structure does not account for them as primary units.
Inflation & Technology: The cost of modern essentials—such as internet connectivity and higher education—has outpaced the 3-unit model’s assumptions.
The Mathematical Impact: A 66% Structural Jump
If the government moves from 3 units to 5 units, the base calculation for the minimum wage undergoes a massive change. Since the wage is a direct multiple of the number of units:
This represents a 66.67% increase in the foundational basic pay calculation even before factoring in inflation or the fitment factor.
Impact on Fitment Factor
The Fitment Factor is the multiplier used to transition from old pay to new pay.
7th CPC Factor: 2.57
Union Demand for 8th CPC: Between 3.00 and 3.25
By increasing the family unit size, the “justifiable” fitment factor naturally rises. Experts suggest that if the 5-unit model is accepted, the minimum basic pay—currently at ₹18,000—could theoretically jump to over ₹50,000.
Comparative Scenarios for 8th CPC
Based on current union demands and projections for 2026, here is how the salary structure might shift:
Particulars
Current (3 Units)
Proposed (5 Units)
Minimum Basic Pay
₹18,000
₹51,480 – ₹54,000 (est.)
Fitment Factor
2.57
3.00 – 3.25
Annual Increment
3%
5% – 7%
Pension Base
50% of Basic
50% of (Higher) Basic
The 8th Pay Commission was formally approved in January 2025 and is expected to have an effective date of January 1, 2026. However, the commission typically has 18 months to submit its report.
If the government yields to the demand for a 5-member family unit, it will mark the most significant revision in the history of Indian central pay structures. This would not only benefit 48 lakh active employees but would also provide a massive boost to over 67 lakh pensioners, as their pensions are directly linked to the basic pay scales.
Implementation of the Assured Pension Scheme for Kerala Government Employees [G.O]
GOVERNMENT OF KERALA Abstract
Finance Department – National Pension System – Implementation of Assured Pension Scheme – Sanctioned – Orders issued.
FINANCE (PENSION-A) DEPARTMENT
G.O.(P)No.33/2026/FIN.
Dated, Thiruvananthapuram, 28.02.2026
Read:
G.O.(P) No.20/2013/Fin. Dated 07.01.2013
Budget Speech 2026-27.
ORDER
Government vide order read above have made National Pension System (NPS) mandatory to all appointments made on or after 01.04.2013. As per para 746 of budget speech 2026, the Hon’ble Minister (Finance) has announced a new pension scheme, namely the Assured Pension Scheme for the employees of the State Government instead of National Pension System.
Government are now pleased to accord in principle sanction to implement Assured Pension Scheme with effect from 01.04.2026.
(i) Employees appointed on or after 01.04.2026 are eligible to opt either NPS or Assured Pension Scheme.
(ii) Existing State Government Employees covered under National Pension System are eligible to exercise option for changing from the existing NPS to the Assured Pension Scheme.
(iii) The Maximum assured pension will be fifty percent of basic pay at the time of retirement, subject to 50% of the maximum of the highest scale of pay under State Government provided that the employees have completed 30 years of qualifying service.
(iv) Dearness Relief will be allowed on the assured pension.
Detailed orders for implementing different aspects of Assured Pension Scheme will be issued separately.
(By order of the Governor) K.R. JYOTHILAL ADDITIONAL CHIEF SECRETARY
Copy to:
The Accountant General (A&E), Kerala, Thiruvananthapuram.
The Accountant General (G&SSA), Kerala, Thiruvananthapuram.
The Accountant General (E&RSA), Kerala, Thiruvananthapuram.
All Additional Chief Secretaries, Principal Secretaries, Secretaries, Special Secretaries, Additional Secretaries, Joint Secretaries, Deputy Secretaries and Under Secretaries to Government.
All Heads of Departments and Offices.
The Secretary, Kerala Public Service Commission.
The Registrar, High Court of Kerala, Ernakulam.
The Advocate General, Kerala, Ernakulam.
The Private Secretary to the Speaker/ Deputy Speaker.
The Additional Secretary to the Chief Secretary.
The Registrars, All Universities in Kerala.
The Director of Treasuries, Thiruvananthapuram.
All District Treasury Officers/ Sub Treasury Officers.
The Nodal Officer, www.finance.kerala.gov.in.
The Chief Project Manager, SPARK.
The Web & New Media, Information and Public Relations Department.
Consumer Price Index for Industrial Workers (2016=100) – January, 2026
1. Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index for the month of January, 2026 is being released in this press release.
2. The All-India CPI-IW for January, 2026 increased by 0.4 points and stood at 148.6 points (one hundred forty-eight point six).
3. Year-on-year inflation for the month of January, 2026 stood at 3.77% as compared to 3.10% in January, 2025. Y-o-Y Inflation based on CPI-IW (General)
Deputation / foreign service of Group ‘A’ & Group ‘B’ Officers of the Central Government to State Governments/ UTs Administration- Review of cases of officers on ex-cadre deputation for six months or more
No.2/1/2025Pers. Policy(Deputation/Re-employment)Pt.30 Government of India Ministry of Personnel, Public Grievances and Pensions Department of Personnel & Training
North Block, New Delhi. Dated the 6th February, 2026.
OFFICE MEMORANDUM
Subject: Deputation / foreign service of Group ‘A’ & Group ‘B’ Officers of the Central Government to State Governments/ UTs Administration- Review of cases of officers on ex-cadre deputation for six months or more – regarding.
The undersigned is directed to invite attention to the consolidated guidelines/ instructions uploaded on the website of DOPT vide O.M. No. 6/8/2023 -Pers.Policy (Deputation/Re-employment) Pt.XV dated 15.03.2024 and No.6/8/2023-Pers.Policy (Deputation/Re-employment) Pt.XV dated 30.08.2024 with regard to regulation of terms and conditions governing deputation/ foreign service of employees from Central government to ex-cadre posts under State Government/Union Territories administration including Public Sector Undertakings/ Autonomous Bodies/ Statutory Bodies/ Universities/ Local Bodies under the State Government/ UT Administration.
2.Attention is also drawn to para 3 (xviii) of both the above mentioned O.M. dated 15.03.2024 and dated 30.08.2024 which provides that as a one-time measure, the aforesaid Committee shall also review the present cases of deputation to State Governments/UT Administration PSUs/ Autonomous bodies/Statutory Bodies/ Universities/Local Bodies under the States/UT Administration where the remaining tenure of the officer is six months or more. The Committee after review shall give its recommendation for continuation of the officer till the end of term of deputation. Such cases shall thereafter also be submitted for the consideration and approval of the Appointments Committee of the Cabinet/ Hon’ble MOS(PP).
3.It has been observed that Ministries/ Departments are still sending the proposal for regularisation of deputation period prior to issuance of the above mentioned O.Ms. dated 15.03.2024 and 30.08.2024 for approval of ACC/ Hon’ble MoS, DoPT even after one year and nine months of issue of these instructions.
4.All Cadre Controlling Authorities are therefore requested to review all the existing cases under the ambit of above instructions and send proposals, if any, for consideration to this Department. They are also requested to send confirmation report to the effect that no such proposal is pending with them to be processed further.
5.This issues with the approval of competent authority. Digitally signed by
Digitally Sd/- (Vikas) Under Secretary (Pers Policy -Pay)
Opening of Agency Banks on March 31, 2026 (Public Holiday on account of Mahavir Janmakalyanak)
Ministry of Finance Department of Expenditure Controller General of Accounts Mahalekha Niyantrak Bhawan, E-Block, GPO Complex, INA New Delhi -110 023
No. R-08/4/2024-GBA-CGA/886-918.
Dated: February 12, 2026
Office Memorandum
Subject: Opening of Agency Banks on March 31, 2026 (Public Holiday on account of Mahavir Janmakalyanak)
Reserve Bank of India, vide notification No. CO.DGBA.GBD.No.S922/42-01-029/2025-2026 dated 03.02.2026 (copy enclosed) has advised all the Agency Banks to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2026 (Tuesday – Public Holiday) so as to account for all the Government transactions relating to receipts and payments in the FY 2025-26 itself. The notification is also available on the website of the Reserve Bank of India (www.rbi.org.in)
2. In view of the above, all the Agency Banks dealing with Government receipts and payments are requested to put in place necessary arrangements to carry out government business so that the transactions are processed, reported and accounted for in the Financial Year 2025-2026 itself for arriving at the correct picture of cash balance of the Government of India as on 31st March 2026.
Encl. as above
(Samya Bhushan) Asstt. Controller General of Accounts (GBA)
Finance Bill 2025: Distinction Among Central Government Pensioners and 8th CPC Coverage for Retirees Up to 31 December 2025
The issue of pension revision under the proposed 8th Central Pay Commission (CPC) was recently raised in the Lok Sabha through Unstarred Question No. 1605, answered on 9 February 2026 by the Minister of State for Finance, Shri Pankaj Choudhary. The question sought clarity on whether the Finance Bill, 2025 allows differentiation among pensioners and whether pensioners retiring on or before 31 December 2025 would be covered under the 8th CPC. Check below for complete QA details
Lok Sabha QA
Revision of Pension under 8th Central Pay Commission
MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE LOK SABHA UNSTARRED QUESTION NO.1605 TO BE ANSWERED ON Monday, February 9, 2026/Magha 20, 1947 (Saka)
REVISION OF PENSION UNDER 8TH CENTRAL PAY COMMISSION
QUESTION
Shri Anand Bhadauria: Will the Minister of FINANCE be pleased to state:
(a) whether the Finance Bill, 2025 authorised the Central Government to establish distinction among pensioners on the basis of their date of retirement and a distinction may also be made among pensioners which may emanate from accepted recommendations of the Central Pay Commission;
(b) if so, whether such differentiation can also be made among pensioners on the basis of the recommendations accepted from the Central Pay Commission;
(c) if so, the details thereof and if not, the reasons therefor;
(d) whether the Central Government pensioners who have retired on or before 31st December, 2025 are likely to be covered for revision of their pension under the 8th Central Pay Commission;
(e) if so, the details thereof and if not, the reasons therefor; (f) whether the 8th CPC has started functioning on regular basis; and (g) if so, the details thereof and if not, the reasons for the delay?
ANSWER MINISTER OF STATE FOR FINANCE (SHRI PANKAJ CHOUDHARY)
(a), (b) and (c):-
The Pension of the Central Government employees is governed by the Central Civil Services (Pension) Rules, 2021 (erstwhile CCS (Pension) Rules, 1972) and the Central Civil Services (Extraordinary Pension) Rules, 2023 and instructions issued from time to time for matters connected therewith. Revision of pension is carried out through general orders issued by the Central Government, inter alia, for implementation of the accepted recommendations of the Central Pay Commission.
The Central Pay Commissions being expert bodies, recommend different pay scales, allowances and pension for different categories of the Government employees. The Part-IV of Finance Act, 2025 has validated the existing Central Civil Services (Pension) Rules and principles governing pension liabilities met from the Consolidated Fund of India and does not alter or change existing Civil or Defence pensions.
(d), (el, (f) and (g):-
Government has already notified the constitution of the 8th Central Pay Commission (CPC) along-with its Terms of Reference (ToR) vide Resolution dated 03.11.2025, As per Resolution dated 03.11.2025, Commission will make its recommendations within 18 months of its constitution.
The 8th CPC has been mandated to make its recommendations on Pay, Allowances, Pension, etc. of the Central Government employees.
Dearness Relief for Bank Pensioners from Feb 2026 to Apr 2026 – IBA ORDER
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS No.CIR/HR&IR/76/D/2025-26/2911 February 06, 2026
Designated Officers of all Member Banks which are parties to the Bipartite Settlement on Pension
Dear Sir/ Madam,
Dearness Relief payable to Pensioners for the period February 2026 to July 2026
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers for the quarter ended December 2025 are as follows:-
Month & Year
1960 = 100 series
2016 = 100 series
October 2025
9709.59
147.7
November 2025
9742.46
148.2
December 2025
9742.46
148.2
CPI Average
9731.50
148.03
In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.
Further, we draw your attention to our circular HREtIR/MBR/G2/0533 dated 16.10.2023, wherein we have communicated about DR neutralization for pre 01.11.2002 retirees and family pensioners. The amount of ex-gratia to be paid, to a group of pensioners, was also mentioned therein.
Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 2026 to July 2026 as per Annexure.
DA for Bank Employees from Feb 2026 to Apr 2026 under 11th BPS – IBA ORDER
Indian Banks’ Association
HR & Industrial Relations No.CIR/HR&IR/76/D/2025-26/2910 February 06, 2026
All Members of the Association (Who are yet to implement 12th BPS/9th Joint note signed on 08.03.2024 – Designated Officers)
Dear Sir/ Madam,
Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March and April 2026 under XI BPS/ 8TH Joint Note dated 11.11.2020
The confirmed All India Average Consumer Price Index for Industrial Workers (Base 1960= 100) for the quarter ended December 2025 are as follows:-
October 2025
9709.59
November 2025
9742.46
December 2025
9742.46
The average CPI of the above is 9731.50 and accordingly the number of DA slabs are 844 (9731.50 – 6352 = 3379.50/4 = 844 slabs). The last average quarterly CPI was 827. Hence, there is an increase of 17 slabs in DA for the months of February, March and April 2026.
In terms of clause 7 of the 11th Bipartite Settlement dated 11.11.2020 and clause 3 of the Joint Note dated 11.11.2020, the rate of Dearness Allowance payable to Workmen and Officer employees for the months of February, March and April 2026 shall be 59.08% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
