7th pay commission details Updates

7th pay commission details Updates

7th pay commission details Updates & details are given below. As per the Central Government News Following are News Updates of Seventh Pay Commission Details. Also the Calculator of 7th Pay Commission link is given to Calculate your Estimated Salary as per the 7th Pay Commission.

7th pay commission details Updates Details Salary Calculator

Finance Minister P. Chidambaram announced that the Prime Minister has formally given his consent to the formation of the 7th CPC. Announcement was also made that it would be implemented on 01.01.2016.

Usually, not only employees, news agencies also would start guessing when the announcement would be declared. But this time, there were no such speculations. It has become clear that the Government’s decision and the date of announcement of 7th CPC are being kept secret.

7th pay commission report

Central government employees, the Seventh Pay Commission is likely to recommend a substantial pay hike which could be up to 30% or even more, said sources on Thursday.
7th_pay_commission Details.jpg
There will be 5 to 6% performance-based increment every year and those who are under-performing could retire by 55 years of age or after 30 years of service, added sources. House Rent Allowance could also be hiked by 10% to 30%.

Following Are the 7th pay commission latest news in hindi

  • क्या है वेतन आयोग को दिए प्रस्ताव मेंकर्मचारियों के लिए 33 साल की सेवा या 60 साल जो भी पहले हो, रिटायर करने का प्रस्ताव है.30 साल की सेवा या 55 साल की उम्र में ग्रेडिंग के अनुसार वीआरएस का विकल्प दिया जा सकता हैआरोप लगने पर 55 साल की उम्र में वीआरएस ले सकते हैं अफसरहाउस रेंट में एकरूपता का प्रस्ताव
  • बच्चों को एजुकेशन भत्ताकेंद्रीय कर्मचारियों के कक्षा पहली से दसवीं तक के बच्चों को 40 रुपए और 11वीं व 12वीं के बच्चों को हर महीने 50 रुपए शिक्षा भत्ता देने का प्रस्ताव.बच्चा विकलांग या मानसिक रूप से अक्षम है तो 100 रुपए शिक्षा भत्ता मिले.बच्चा माता-पिता के साथ न रहकर दूसरी जगह रह रहा है तो भी उसे सौ रुपए देने का प्रस्ताव.बच्चा हॉस्टल में है तो अलग से हर माह 300 रुपए मिलेंगे.

The government constitutes the Pay Commission almost every 10 years to revise the pay scale of its employees and often these are adopted by states after some modifications.

As part of the exercise, the Commission holds discussions with various stakeholders, including organisations, federations, groups representing civil employees as well as Defence services.

Other members of the commission are Vivek Rae, a retired IAS officer of 1978 batch, and Rathin Roy, an economist. Meena Agarwal is Secretary of the Commission.

The Sixth Pay Commission was implemented with effect from January 1, 2006, the fifth from January 1, 1996 and the fourth from January 1, 1986

 

Following is the List of Important Departments/Companies which will get benefits of 7th Pay Commission

Indian Railways (Station Master, Asst. Station Master, Guard, Driver, Ticket Checker, TT, Electrician etc)
Primary Teachers (Central Government and some state Governments)
Assistant Professors
High School Teachers (Central Government and some state Governments)
Non Teaching Staff (Central Government and some state Governments)
Pensioners (Central Government and state Governments)
Army Personnels
PGT Teachers
AICTE Teachers
Associate Professor
Bank Employees (Not Directly)
BMC Employees
BSNL Employees
BEST
BSF (Border Security Force)
CBSE Teachers
Peon (Central Government and some state Governments)
Watchman (Central Government and some state Governments)
Lecturers
Gujarat ITI Supervisor Instructor
Gujarat ITI Foreman Instructor
Gujarat ITI Principal
Principal
Head Master (Central Government and some state Governments)
Doctors
Engineers (Central Government and some state Governments)
Ex-Servicemen
Air force
Navy
IAS Officers
IPS Officers
IRS Officers
Judicial Staff
KVS Teachers
Lab Assistant
Librarian
Lower Division Clerk
Upper Division Clerk
Medical Officer
Paramedical Staff
Nurses
Polytechnic Staff
Police Personnels
PSU (Public Sector Units)
University Staff
UGC Staff
ITI Staff
Kendriya Vidyalaya
Gujarat Courts Junior Clerk

So Friends , We will update this website with latest news, pay scale, rules/norms. We hope that the information and details on 7th Pay Commission Project Pay Scale and Grade Pay for All Pay Band will be useful to all people across the India.

latest 7th pay commission calculator

We will also create 7th Pay Commission Calculator after final announcement of pay scale and pay band updates very Soon For All Latest updates about 7th Pay Commission keep Visiting us.

7th CPC Pay Scale is fast becoming the most mesmerizing phrase among Central Government employees these days.
Every Central Govt Employee is waiting to find out the changes in their pay scale that the 7th CPC would recommend to the pay structure. Sensing this eagerness, Bloggers have been regularly coming up with their own versions of what the pay structure could be. Do not take those writings seriously sand authentically.
Based on all the changes right from the 1st CPC, until the 6th CPC, we have predicted a pay structure. Even though we weren’t keen on it, we have been receiving requests by email and comments. At a point, it became unavoidable. We just had to give our own interpretation too.
Since the basic pay of an ordinary employee has evolved from 260-950-3050-7730, the next change is expected to increase after the years, the basic pay hike by 2.5 times. Our Projected Pay Scale is expecting an increase of no more than 3 times.
It could be 260-950-3050-7730-22500..! (260-1973, 950-1986, 3050-1996, 7730-2006 & 22500-2016)
More than the hike, everybody is hoping that the Grade Pay would be in proper series.
And, everybody wants and hopes for a recommendation that prescribes a uniform Multiplication Factor (6th CPC 1.86) to all categories of employees.
6th CPC PAY STRUCTURE
(2006 – 2015)
EXPECTED PAY STRUCTURE OF 7TH CPC (From 1.1.2016)
Pay Band Pay Bands Grade Pay Pay in the Pay Band Pay Scale Pay Band Grade Pay Pay in the Pay Band Pay Scale
PB-1 5200-20200 1800 5200 7000 15000-60000 5000 15000 20000
PB-1 5200-20200 1900 5830 7730 15000-60000 5500 17000 22500
PB-1 5200-20200 2000 6460 8460 15000-60000 6500 20000 26500
PB-1 5200-20200 2400 7510 9910 15000-60000 7500 23000 30500
PB-1 5200-20200 2800 8560 11360 15000-60000 8500 26000 34500
PB-2 9300-34800 4200 9300 13500 30000-100000 10000 30000 40000
PB-2 9300-34800 4600 12540 17140 30000-100000 13500 35000 48500
PB-2 9300-34800 4800 13350 18150 30000-100000 15000 40000 55000
PB-3 15600-39100 5400 15600 21000 50000-150000 16500 50000 66500
PB-3 15600-39100 6600 18750 25530 50000-150000 20000 60000 80000
PB-3 15600-39100 7600 21900 29500 50000-150000 23000 70000 93000
PB-4 37400-67000 8700 37400 46100 100000-200000 26000 100000 126000
PB-4 37400-67000 8900 40200 49100 100000-200000 27500 110000 137500
PB-4 37400-67000 10000 43000 53000 100000-200000 30000 120000 150000

RD – Recurring Deposit Calculator

RD – Recurring Deposit Calculator

This Calculator will help you to Calculate your maturity Amount on desired Rate of interest. Just Enter Some Details in Following Section & Get the Maturity Value of your RD Deposit.


Recurring Deposit Calculator – RD Calculator
Monthly Instalment Amount Rs.
Annual Interest Rate
%

Period in Month(s) –
(This Value Must be divisible by 3)

Maturity Amount (Approx) Rs.
Interest Amount

(included in Maturity Value)

Rs.


Recurring Deposit scheme is offered by almost all banks (RD schemes of SBI, PNB, ICICI Bank, HDFC Bank, IDBI Bank, Bank of India, Bank of Baroda, Corporation Bank ) in one form or the other. Recurring Deposit is very popular among the salaried class, specially who can afford to save only few hindered or say few thousand rupees per month. This scheme is a boon for people who do not have a large amount of savings and thus can not use the Fixed Deposit scheme of the banks. Under this scheme, the customer deposits a minimum amount (normally fixed) every month, and bank pays the interest at the pre-determined rates (which is usually the same as applicable to fixed deposits ). At the end of the period i.e. on maturity date, the customer is paid the maturity value i.e. principle deposited and the interest payable.
Recurring Deposit is the most preferred investment for conservative investors. The concern of volatility in investments and assured benefit on maturity is what makes it the first choice when it comes to regular savings for child future, buying a house, and others. Many even include it in long term planning for their goals and at times rely on this instrument. In recent years the higher rate of interest has also favored investing in this instrument. However, one need to analyze the real benefit from the product before making a decision. What is a Recurring Deposit? A RD is a deposit scheme, much like a fixed deposit, where an investor chooses the amount to invest and the term of investment. However, unlike FD, the mode of investment is not a lumpsum amount but regular monthly savings. Thus the scheme works like an SIP in fixed deposits. Only banks and post office offers RD scheme. The investors receives a fixed interest for the term and on maturity the principal along with interest is paid. Generally, the term of this scheme varies from 6 months to 10 year. While most banks accept a minimum deposit of Rs 100, one can start the investment in a RD scheme even by Rs 10 through post office. Some banks even impose maximum limit on the amount of investment one can make.

Maturity Value of the Recurring Deposits  –

( based on  Quarterly
Compounding)




M =R [ (1+i)n – 1]

——————–

1- (1+i) -1/3


M
= Maturity value

R = Monthly installment

n = Number of quarters

i = Rate of interest/400


Applying for a Recurring Deposit is absolutely simple. Just call Phone Banking numbers or visit your Nearest Branch. Our representative will contact you at the earliest.