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Pre-1986 Bank Pensioners – Dearness Relief increased to 732.98%

Dearness Relief for pre-1986 Bank Pensioners increased to 732.98% for Period from February 2013 to July 2013

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2013/6692

1st February 1, 2013

Designated Officers of all Nationalised Banks

and Associate Banks of State Bank of India

Dear Sirs,

Dearness Relief payable for the period February, 2013 to July 2013 to surviving pre 1.1.1986 retirees of banks 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.11/3/92-IR dated 26th November, 1998, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period February to July 2013 will be as under:-

Period
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.
February 2013
to
July 2013
4976
300
732.98
2199
2499

Yours faithfully,

PRABIR MOULIK

SENIOR ADVISOR-HR&IR

Download IBA order dated 01.02.2013 for increase DA for Pre-1986 Bank Pensioners who are in receipt of Ex-gratia Pension

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