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Dearness Relief payable to pre 1986 Bank Retirees from February 2019 to July 2019

Dearness Relief payable to surviving pre 1986 Bank Retirees for the period February 2019 to July 2019 on Ex-gratia

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2018-19/6765
February 1, 2019

Designated Officers of all Nationalised Banks and State Bank of India

Dear Sirs,

Dearness Relief payable for the period February 2019 to July 2019 to surviving pre 1.1.1986 (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 February 2019 to July 2019 on Ex-gratia 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
6885 Pre 1.1.86 retirees 350 1052.57 3684 4034
Surviving spouses of pre 1.1.86 retirees 175 1052.57 1842 2017

 

Yours faithfully,

S K Kakkar
Senior Advisor (HR&IR)

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