Govt Employees Likely to Get 3 Big Gifts in July
- 27-Jun-2022
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From DA Hike to PF Interest Rate
New Delhi: For those government employees who are waiting for a hike in their salary and other changes in their payment, here comes a big update for them.
Lakhs of central government employees are likely to see an increase in their dearness allowance (DA) next month in July 2022. Apart from DA hike they also may receive 18-month-old arrears and interest rate for Provident Fund.
The Centre releases DA for the government employees twice a year – once in January and then in July. With the rising inflation, it is expected that the government will consider releasing the DA amount in July 2022.
The Centre generally announces the DA hike in March and September of each year. However, due to Coronavirus pandemic, there was no increase in the DA amount for one and a half years after December 31, 2019.
