Dearness Relief to Bank Pensioner for the Period February, 2013 to July 2013

Indian Banks’ Association

No.CIR/HR&IR/D/G2/2013/6693 February 1, 2013

Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension

Dear Sirs,

Dearness Relief payable to Pensioners for the period February 2013 to July 2013

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December, 2012 are as follows:-

October 2012 4953.22
November 2012 4976.05
December 2012 4998.87

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 February 2013 to July 2013 as per Annexure.

Yours faithfully,


Read more: www.iba.org [click here to download]

Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2013 under IX UPS/Joint Note dt. 27.4.10–click here

Dearness Relief payable for the period February 2013 to July 2013 to surviving pre 01/01/1986 retirees of banks who are in receipt of Ex-gratia —- click here

Dearness Relief payable to pensioners for the period February 2013 to July 2013—-click here

Stay connected with us via Facebook, Google+ or Email Subscription.

Subscribe to Central Government Employee News & Tools by Email [Click Here]
Follow us: Twitter [click here] | Facebook [click here] Google+ [click here]