Dearness Relief to Surviving Pre 1.1.1986 Retirees for the Period February 2017 to July 2017

Dearness Relief payable for the period February 2017 to July 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

Indian Banks' Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2016-17/1998
February 1, 2017

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

Dear Sirs,

Dearness Relief payable for the period February 2017 to July 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 February 2017 to July 2017 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 mouth
Total Ex-gratia amount including Dearness Relief per month
Rs.
%
Rs.
%
6315
Pre 1.1.86 Retirees
350
957.43
3351
3701
Surviving spouses of pre 1.1.86 retirees
175
957.43
1675
1850

Yours faithfully,

Sd/-
K S Chauhan
Senior Vice President

Source:- IBA

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