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Dearness Relief for Bank pensioners from February 2020

Dearness Relief payable for the period February to July 2020 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/D/G2/2019-20/8620
February 1, 2020

Designated Officers of all Nationalised Banks
and State Bank of India

Dear Sir/Madam,

Dearness Relief payable for the period February to July 2020 to surviving pre 1.1.1986 retirees of banks (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 2020 to July 2020 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
%
7479 Pre 1.1.86
Retirees
350 1151.73 4031 4381
Surviving
spouses
of pre 1.1.86
retirees
175 1151.73 2016 2191

 

Yours faithfully,

S K Kakkar
Senior Advisor(HR & IR)

Read / Download Dearness Relief for Bank pensioners from February 2020

Also check the following links related to this topic:

Dearness Relief to CPF beneficiaries in receipt of ex-gratia payment w.e.f 01.07.2019 

Dearness Relief Payable To Pensioners From Feb 2019 To July 2019

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

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