Dearness Relief payable for the period Feb 2023 to Jul 2023 to Pre 1.1.1986 Bank retirees

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Dearness Relief payable for the period Feb 2023 to Jul 2023 to Pre 1.1.1986 Bank retirees

Dearness Relief payable for the period February 2023 to July 2023 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

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2023-24/

February 1, 2023

Designated Officers of all Nationalised Banks
and State Bank of India

Dear Sir/Madam,

Dearness Relief payable for the period February 2023 to July 2023 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 February 2023 to July 2023 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
%
8705 Pre 1.1.86 Retirees 350 1357.42 4751 5101
Surviving Spouses of pre-1.1.86 retirees 175 1357.42 2375 2550

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

Previous: Bank Dearness Relief @ 963.43 from Aug-2017 to Jan-2017 to Pre 1986 retirees

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COMMENTS

WORDPRESS: 1
  • Vaishnavi Sharma 2 months ago

    When that day will come when India will start to make surplus budget. Thank you for your article. It is full of information.