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DR for Bank Pensioners for the period August 2017 to January 2018 – IBA Circular

Dearness Relief payable for the period August 2017 to January 2018 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

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No. CIR/HR&IR/D/G2/2017-18/3314

August 1, 2017

Designated Officers of all Nationalised Banks

and Associate Banks of State Bank of India

Dear Sirs,

Dearness Relief payable for the period August 2017 to January 2018 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 2017 to January 2018 on Ex-gratia will be as under :

Applicable CPI Average
Amount of
Ex-gratia per month
Rate of Dearness Relief
Amount of Relief per month
Total Ex-gratia amount including Dearness Relief per month
₹
%
₹
₹
6353
Pre 1.1.86 Retirees
350
963.46
3372
3722
Surviving spouses of pre 1.1.86 retirees
175
963.46
1686
1861

Yours faithfully,

S K Kakkar

Senior Advisor

Authority: www.iba.org.in

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