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’ AssociationHR & INDUSTRIAL RELATIONSNo.CIRJHR&IRJD/G2/2015-16/1160August 3, 2015Designated Officers of all Nationalised Banks and Associate Banks of State Bank of IndiaDear 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-gratiaAs 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 faithfullyK S ChauhanSenior Vice President