Dearness relief from August 2018 revised for Bank Pensioners

The Dearness Relief for Bank Pensioners has been revised for the period August 2018 to January 2019.

In this regard, Indian Banks’ Association has issued a letter revising the dearness relief payable to pensioners for the period from August 2018 to January 2019.

As per the letter, the confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2018 are as follows:

April 2018 – 6573.86

May 2018 – 6596.69

June 2018 – 6642.34

Based on the above, pending amendments to Pension Regulations, banks may pay on ad hoc basis, Dearness Relief payable to pensioners for the period from August 2018 to January 2019 as per Annexure.

The full copy of the aforesaid letter is shown below.

You might also like