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IBA: Dearness Relief payable for the period February 2019 to July 2019 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:  Dearness Relief payable for the period February 2019 to July 2019 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

India Banks' Association

HR & INDUSTRIAL RELATIONS

No. CIR/HR&IR/D/G2/2018-19/6765
February 1, 2019

Designated Officers of all Nationalised Banks
and State Bank of India

Dear Sirs,
Dearness Relief payable for the period February 2019 to July 2019 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,
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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 suriving pre 1.1.1986 retirees of banks for the period February 2019 to July 2019 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
Rs. % Rs. Rs.
6885 Pre 1.1.1986 Retirees 350 1052.57 3684 4034
Surviving spouses of pre 1.1.86 retirees 175 1052.57 1842 2017

Yours faithfully,
Sd/-
S K Kakkar
Senior Advisor (HR&IR)

Signed order


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