Tuesday, 5 February 2019

IBA | Dearness Relief to pre 1986 Bank Pensioners from Feb 2019

Dearness Relief to pre 1986 Bank Pensioners from Feb 2019 – IBA

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
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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 AverageAmount of Ex-gratia per monthRate of Dearness ReliefAmount of Dearness Relief per monthTotal Ex-gratia amount including Dearness Relief per month
6885Pre 1.1.86 retirees3501052.5736844034
Surviving spouses of pre 1.1.86 retirees1751052.5718422017
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Yours faithfully,

S K Kakkar
Senior Advisor (HR&IR)

Bank-DR-from-feb-to-july-19-pre-1986

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