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Increase in Dearness Relief for pre-1986 bank retirees from Feb 2016

Increase in Dearness Relief payable for the period February to July, 2016 to surviving pre 1.1.1986 retirees of banks and surviving spouses of pre 1.1.86 Retirees who arc in receipt of Ex-gratia Pension.

Indian Banks’ Association has released circular regarding DA payable for the period February to July, 2016 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who arc in receipt of Ex-gratia.

existing pensioner life certificate to continue along with digital pensioner life ceftificate

Indian Banks’ Association

HR & IND USTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2015-16/2022

January 30, 2016

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

Dear Sirs,

Dearness Relief payable for the period February to July, 2016 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who arc 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 to July, 2016_ on Ex-gratia will be as under:

Applicable

CPI
Average

Amount of Ex-gratia per month Rate of Amount of Dearness Relief per month Total Ex-gratia amount including Dearness Relief per month

Rs.

%

Rs.

Rs.

6147 Pre 1.1.86

Surviving
spouses of pre 1.1.86 retirees

350

 

 

175

928.62

 

 

928.62

3250

 

 

1625

3600

 

 

1800

 

Yours faithfully,

K S Chauhan

Senior Vice President

Download IBA No.CIR/HR&IR/D/G2/2015-16/2022 dated 30.01.2016

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