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DR for Bank Pensioners for the Period August 2017 to January 2018

August 27, 2017 Leave a Comment

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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Filed Under: Bank Employees News Tagged With: Bank Employees News, Pension, Pensioners Issue

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