Hike in Dearness Relief for Bank retirees in receipt of Ex-gratia

Hike in Dearness Relief for August, to January, 2014 to retirees who are in receipt of Ex-gratia

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/FIR&1R176/D/G2/2013-14/7588

August 1, 2013

Designated Officers of all Nationalised Banks and

Associate Banks of State Bank of India

Dear Sirs,

Dearness Relief payable for the period August, 2013 to January, 2014 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 August 2013 to January 2014 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.
August 2013
to
January 2014

 

5211 300 771.84 2316 2616

Yours faithfully,

sd/-

K UNNIKRISHNAN

DY. CHIEF EXECUTIVE

Download Circular No.CIR/FIR&1R176/D/G2/2013-14/7588 dated 01.08.2013 issued by IBA for hike Dearness Relief for retirees of banks who are in receipt of Ex-gratia

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