7th Pay Commission DA Hike: The Union Cabinet recently approved 4 percent increase in dearness allowance of central employees. Dearness allowance of employees was increased from 46 percent to 50 percent. This increase was implemented from January 2024. This means that employees will also get arrears for January-February.
7th Pay Commission: After 4 percent increase in Dearness Allowance (DA), central employees are now waiting for a good news. It is believed that central employees across the country may get gifts on March 30.
Lump sum money can be credited to the accounts of central employees. We are saying this because the current financial year is ending on 31st March. The dues of the employees can be cleared before the end of the financial year. It is believed that the increased salary can be credited to the employees’ accounts on March 30.
Good news will be received on March 30
The Reserve Bank of India has directed banks to open on March 30 and 31 despite it being Saturday-Sunday. It is estimated that the increased salary and arrears of the employees can be paid before the end of the current financial year. Let us tell you that the Union Cabinet recently approved 4 percent increase in dearness allowance of central employees.
Dearness allowance of employees was increased from 46 percent to 50 percent. This increase was implemented from January 2024. This means that employees will also get arrears for January-February. That means March salary will come with increased DA and two months’ arrears.
Increase in salary of central employees
Apart from DA, HRA of central employees has also increased. They will get ARA according to the category of the city. Apart from this, other allowances like child care allowance, dress allowance, travel allowance on transfer etc. have also been increased. Now the employees are waiting for when the increased salary will come into their account.
Banks will open on 30-31 March
Let us tell you that the Reserve Bank of India has issued a notification and directed to open banks across the country. Despite it being Sunday, banks will open on 31st March.
According to RBI, transactions can be done through NEFT and real time payment RTGS till 12 midnight on March 31, 2024. Special clearing operation will be conducted on 30 and 31 March 2024. The reporting window of March 31 will remain open till 12 noon on April 1, 2024.
SBI credit card rules will change from April 1, Details here
