Dearness Relief payable for August to Jan 2021 to pre-1986 bank retirees

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Dearness Relief payable for August to Jan 2021 to pre-1986 bank retirees

Dearness Relief payable for August to Jan 2021 to pre-1986 bank retirees

IBA DR ORDER : Dearness Relief from August 2020 to Jan 2021 to surviving pre 1.1.1986 retirees

Indian Banksโ€™ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2020-21/9020

August 3, 2020

Designated Officers of all Nationalised Banks and State Bank of India

Dear Sir/Madam,

Dearness Relief payable for the period August 2020 to January 2021 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 2020 to January 2021 on Ex-gratia will be as under :

Applicable
CPI
Average
Amount
of
Ex-gratia
per month
Rate of
Dearness
Relief
Amount of
Dearness
Relief per
month
Total Ex-gratia amount including Dearness Relief per month
Rs. % Rs. Rs.
7540 Pre 1.1.86 Retirees 350 1162.45 4069 4419
Surviving spouses of pre 1.1.86 retirees 175 1162.45 2034 2209

Yours faithfully,

S. K Kakkar
Senior Advisor (HR&IR)dearness-relief

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