7th Pay Commission: Central Government Employees To Get Bumper Bonuses This Diwali 2021

The Central Government Employees could receive the 3 different bonuses ahead of Diwali 2021. Firstly, the employees could receive the dearness allowance (DA) hike; secondly, they could receive the DA arrears for the month of July & August 202 and according to some of the reports, they could also receive the interest on Provident Fund (PF) in their account just before Diwali 2021.

Below are the details about the 3 different bonuses, which central government employees could receive this Diwali 2021.

Dearness Allowance (DA) Arrears

• The Central Government is yet to pay increased dearness allowance (DA) for the month of July & August 2021.

• The Finance Ministry has previously announced that the Central government will receive the salaries along with increased DA starting from July 2021.

• However, the employees received an increased salary from the month of September 2021, which means that they can now expect the DA arrears.

Provident Fund (PF) Interest

• More than 6 crore account holders of the Employees Provident Fund Organizations (EPFO) can also receive the good news before Diwali 2021.

• The EPFO subscribers can receive the interest money on their investments direct in their respective bank accounts linked with the social scrutiny organizations.

• There are some of the reports that suggest that EPFO could soon announce the transfer of an interest to the accounts of its subscribers for the period of 2020 to 2021.

Dearness Allowance (DA) Hike

• As of now, the central government has not announced the hike on dearness allowance.

• However, the All India Consumer Price Index (AICPI) data for the month of January to May 2021 indicates that the DA for Central Government employees could increase by 3%.

• Then the government could increase the DA around or before Diwali 2021.