BANK RETIREES NEWS:Dearness Relief increase for Pre-1986 Bank Pensioners

Dearness Relief payable for the period from August, 2015 to January 2016 to Pre 1986 retirees of banks and surviving spouses of pre 1.1.86 retirees who are in receipt of Ex-gratia

Indian Banks’ Association has sent a letter to all the Nationalised Banks and Associate Banks of State Bank of India regarding Dearness Relief payable for the period August, 2015 to January 2016 to (a) 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.CIRJHR&IRJD/G2/2015-16/1160

August 3, 2015

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

Dear Sirs,

Dearness Relief payable for the period August, 2015 to January 2016 to (a) 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.1112/2012 IR dated 17.12.13, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period August 2015 to January 2016 will be as under:

Applicable CPI Average		Amount of Ex-gratia per month	Rate ofDearness Relief	Amount of Dearness Relief per month	Total Ex-gratiaamount including
		Rs.	%	Rs.	Rs.
5896	Pre 1.1.86 retirees	350	887.08	3105	3455
	Surviving spouses of Pre 1.1.86 retirees	175	887.08	1552	1727

Yours faithfully

K S Chauhan

Senior Vice President

Download Indian Banks’ Association letter No.CIRJHR&IRJD/G2/2015-16/1160 dated 03.08.2015