Dearness Relief payable to Pensioners for the period August 2023 to January 2024

Indian Banks' Association  HR & INDUSTRIAL RELATIONS    No.CIR/HR&IR/D/G2/2023-24/  August 2, 2023    Designated Officers of all Member Banks  which are parties to the Bipartite Settlement on Pension    Dear Sir/ Madam,    Dearness Relief payable to Pensioners for the period August 2023 to January 2024  The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2023 are as follows:-    April 2023 8822.12  May 2023 8854.99  June 2023 8966.74      In terms of Regulation 37 of Bank Employees' Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations. Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period August 2023 to January 2024 as per Annexure.    Yours faithfully,    Brajesh Sharma  Senior Advisor (HR&IR)