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Increased Dearness Relief to pre 1.1.1986 retirees of banks and surviving spouses

Increased Dearness Relief to pre 1.1.1986 retireesfrom August 2014 to January 2015 – pre 1.1.1986 retirees of banks and surviving spouses of pre 1.1.1986 retirees

Indian Banks’ Association
HR & INDUSTIRAL RELATIONS

No.CIR/HR&IR/D/G2/2014-15/423

August 1, 2014

Designated Officers of all Nationalised Banks

and Associate Banks of State Bank of India

Dear Sirs,

Dearness Relief payable for the period August, 2014 to January 2015 to (a) surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.1986 retirees who are in receipt of Ex-gratia

 

As per the directive contained in the Government of India, Ministry of Finance Department of Financial Services (Banking Division) letter F.No. 11/2/2012-IR dated 17.12.13, the Dearness Relief payable to surviving pre 1.1.1986 retirees/surviving spouses of pre 1.1.86 retirees of banks for the period August to January 2015 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
%
5569   Pre 1.1.86 retirees 350 832.14 2912 3262
Surviving spouses of pre 1.1.86 retirees 175 832.14 1456 1631

Yours faithfully

K S Chauhan
Senior Vice President
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