Wednesday, 5 February 2020

Dearness Relief payable for February to July 2020 to pre-1986 bank retirees

Dearness Relief payable for February to July 2020 to pre-1986 bank retirees

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
%
7479Pre 1.1.86
Retirees
3501151.7340314381
Surviving
spouses
of pre 1.1.86
retirees
1751151.7320162191

Yours faithfully,

S K Kakkar
Senior Advisor(HR & IR)

dearness-relief-payable-for-feb-to-jul-2020-to-pre-1986-bank-retirees

Source: IBA

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