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Dearness Relief for Pre-1986 Bank Pensioners from August 2016

Dearness Relief payable for the period August 2016 to January 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 on DA for Pre-1986 Bank Retirees and Surviving Spouses

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2016-17/774

August 1, 2016

Designated Officers of all Nationalised Banks

and Associate Banks of State Bank of India

Dear Sirs,

Dearness Relief payable for the period August 2016 to January 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 August 2016 to January 2017 on Ex-gratia will be as under:

Applicable CPI
Average
Amount of  Ex-gratia per month Rate of Dearness Relief per month Amount of Dearness Relief per month Total Ex-gratia amount including Dearness Relief per month
6261 Pre 1.1.86
Retirees
350 948.05 3318 3668
Surviving
spouses of pre 1.1.86 retirees
175 948.05 1659 1834

Yours faithfully,

K S Chauhan
Senior Vice President

Download IBA Circular No.CIR/HR&IR/D/G2/2016-17/774 dated 1.8.2016

 

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