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