The government decides the interest rates of small savings schemes every quarter. Kisan Vikas Patra decision has arrived. There has been no change in interest rates for the October-December quarter. This clearly means that investors will get interest at the rate of 7.5 percent in the October-December quarter.

Let us tell you that this scheme Kisan Vikas Patra (KVP) is going to give guaranteed returns. In this a lump sum amount has to be deposited. The invested amount can be doubled in the stipulated time. In how much time will the amount double? The interest rate on Kisan Vikas Patra is 7.5 percent. The scheme will mature in 115 months. The amount invested in Kisan Vikas Patra doubles on maturity.

What is Kisan Vikas Patra-Kisan Vikas Patra is a small savings scheme with a fixed rate. Which has been designed to make investment easy to understand. In this, a certificate is issued to the investor and at the time of maturity, the investment amount gets doubled.

That is, the investor does not have to do much calculation of the investment and he gets to know after how much time his money will double. The aim of this scheme is to promote long-term investment without risk among the common people. And more and more people can save money for their future

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However, its official announcement has not been made yet. The formal announcement of the increased DA by the government can be made on 28 September i.e. on the third day of Navratri. This increased DA will be applicable from 1st July 2022. Central employees will also get increased DA along with the salary of September.

After increasing the DA of the Central Government by 4 percent, the total dearness allowance to the central employees has gone up to 38 percent. Along with the salary of September, the employees will get the increased DA as well as they will also get the money for the arrears of July and August. This decision of the government will benefit more than one crore central employees and pensioners.

increase in salary According to the 7th Pay Commission, the minimum basic salary at the level of cabinet secretary is Rs 56,900, while for others the minimum basic salary is Rs 18,000. According to 38 percent DA, there will be a total increase of Rs 27,312 in the annual dearness allowance on the basic salary of Rs 56,900. So on the other hand, on the basic salary of Rs 18,000, the total increase in annual DA will increase by Rs 6,840.

Criteria for increasing dearness allowance Recently, the All India Consumer Price Index-Industrial Workers (AICPI-IW) has released the data for the first half of the current financial year. The index gained 0.2 points. In view of this increase in the index, the government has increased the DA by 4 percent. The government decides the rate of DA to the employees on the basis of this index.

The post Dearness allowance Increased: Government’s decision to increase dearness allowance by 4%, central employees will now get 38% DA first appeared on Rightsofemployees.com.

However, its official announcement has not been made yet. The formal announcement of the increased DA by the government can be made on 28 September i.e. on the third day of Navratri. This increased DA will be applicable from 1st July 2022. Central employees will also get increased DA along with the salary of September.

After increasing the DA of the Central Government by 4 percent, the total dearness allowance to the central employees has gone up to 38 percent. Along with the salary of September, the employees will get the increased DA as well as they will also get the money for the arrears of July and August. This decision of the government will benefit more than one crore central employees and pensioners.

increase in salary According to the 7th Pay Commission, the minimum basic salary at the level of cabinet secretary is Rs 56,900, while for others the minimum basic salary is Rs 18,000. According to 38 percent DA, there will be a total increase of Rs 27,312 in the annual dearness allowance on the basic salary of Rs 56,900. So on the other hand, on the basic salary of Rs 18,000, the total increase in annual DA will increase by Rs 6,840.

Criteria for increasing dearness allowance Recently, the All India Consumer Price Index-Industrial Workers (AICPI-IW) has released the data for the first half of the current financial year. The index gained 0.2 points. In view of this increase in the index, the government has increased the DA by 4 percent. The government decides the rate of DA to the employees on the basis of this index.

The post Dearness allowance Increased: Government’s decision to increase dearness allowance by 4%, central employees will now get 38% DA first appeared on Rightsofemployees.com.