Dearness Relief payable to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 for the period February to July, 2016

Dearness Relief payable 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 for the period February to July, 2016

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2015-16/2022
January 30, 2016

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

Dear Sirs,

Dearness Relief payable for the period February to July, 2016 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 to July, 2016_ 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
%
6147
Pre 1.1.86 Retirees
350
928.62
3250
3600
Surviving spouses of pre 1.1.86 retirees
175
928.62
1625
1800

Yours faithfully,

K.S. Chauhan
Senior Vice President

Source:- IBA
[http://www.iba.org.in/Documents/Dearness-Relief-Pre-Retirees-Feb-Jul-2016.pdf]

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