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Dearness Relief for Bank ex-gratia Pensioners from February 2017

Dearness Relief payable for the period February 2017 to July 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

IBA circular Dearness Relief for Bank ex-gratia Pensioners from February 2017

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&lR/D/G2/2016-17/1998

February 1, 2017

Designated Officers of all Nationalised Banks and Associate Banks of State Bank of India

Dear Sirs,

Dearness Relief payable for the period February 2017 to July 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Economic Affairs (Banking Division) letter F. No.11/2/2012-IR dated 17.12.2013, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period February 2017 to July 2017 on Ex-gratia will be as under:

Applicable CPI Average Amount of Ex-gratia per month Rate of Dearness Relief Amount of Dearness Relief per month Total Ex-gratia amount
including Dearness Relief per month
Rs. % Rs. Rs.
6315 Pre 1.1.86 Retirees 350 957.43 3351 3701
Surviving spouses of pre 1.1.86 retirees 175 957.43 1675 1850

Yours faithfully,

K S Chauhan

Senior Vice President

Download IBA Circular No.CIR/HR&lR/D/G2/2016-17/1998 dated 01.02.2017

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