Dearness Relief payable to Pensioners for the period Aug 2019 to Jan 2020
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/D/G2/2019-20/7683
August 1, 2019
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 August 2019 to January 2020
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June, 2011 are as follows:-
April 2019 – 7121.68
May 2019 – 7167.33
June 2019 – 7212.98
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 2019 to January 2020 as per Annexure.
Yours faithfully,
S K Kakkar
Senior Advisor (HR&IR)