Dearness Relief for pre 1.1.1986 Bank Pensioners from August 2019 to January 2020 – IBA

Dearness Relief for Bank Pensioners

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.C1R/HR&IRMIG2/2019-20/7682
August 1, 2019

Designated Officers of all Nationalised Banks
and State Bank of India

Dear Sirs,

Dearness Relief eayable for the period August 2019 to January 2020 to surviving pre 1.1.1986 retirees of banks (h) surviving, spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

Also Read : DA for Bank Employees from August 2019 to October 2019 – IBA

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 2019 to January 2020 on Ex-gratia will be as under :

Applicable CPI Average
Amount of Ex-gratin per month Rate of Dearness Relief Amount of Dearness Relief per month
Total Ex-gratia amount including Dearness Relief per month
%
7163
Pre 1.1.86 Retirees 350 1099.47 3848 4198
Surviving spouses of pre 1.1.86 retirees 175 1099.47 1924 2099

Yours faithfully.

S.K.Kakkar
Senior Advisor( HR&IR)

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