Your next loan may have a non-bank name on it
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A 3% DR hike will raise pension and family pension payouts for retirees
The article explains how a 3% increase in dearness relief (DR) affects pensioners and family pensioners. Because DR is linked to inflation, the hike is applied to the basic pension amount to determine the revised monthly payout. Retirees and surviving family members receiving pension benefits would therefore see a corresponding rise in their income. The piece walks readers through how the increase is calculated and what it means for their monthly receipts.
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