Saturday, 6 August 2016

Dearness Relief for Pre-1986 Bank Pensioners from August 2016

Dearness Relief payable for the period August 2016 to January 2017 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

IBA circular on DA for Pre-1986 Bank Retirees and Surviving Spouses

Indian Banks’ Association
HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2016-17/774
August 1, 2016

Designated Officers of all Nationalised Banks and Associate Banks of State Bank of India

Dear Sirs,
Dearness Relief payable for the period August 2016 to January 2017 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 August 2016 to January 2017 on Ex-gratia will be as under:

Applicable CPI
Average
Amount of  Ex-gratia per monthRate of Dearness Relief per monthAmount of Dearness Relief per monthTotal Ex-gratia amount including Dearness Relief per month
6261Pre 1.1.86
Retirees
350948.0533183668
Surviving
spouses of pre 1.1.86 retirees
175948.0516591834

Yours faithfully,
K S Chauhan
Senior Vice President
Download IBA Circular No.CIR/HR&IR/D/G2/2016-17/774 dated 1.8.2016

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