IBA Circular – Dearness Relief to pre 1986 Bank Pensioners from Feb 2019 Indian Banks’ Association
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/D/G2/2018-19/6765
February 1, 2019
Designated Officers of all Nationalised Banks and State Bank of India
Dear Sirs,
Dearness Relief payable for the period February 2019 to July 2019 to surviving pre 1.1.1986 (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 2019 to July 2019 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 | |
|---|---|---|---|---|---|
| ₹ | % | ₹ | ₹ | ||
| 6885 | Pre 1.1.86 Retirees | 350 | 1052.57 | 3684 | 4034 |
| Surviving spouses of pre 1.1.86 retirees | 175 | 1052.57 | 1842 | 2017 |
Yours faithfully,
S K Kakkar
Senior Advisor (HR&IR)