Pre – 1986 retirees Dearness Relief period February to July, 2016
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/D/G2/2015-16/2022
January 30, 2016
Designated Officers of all Nationalised Banks
and Associate Banks of State Bank of India
Dear Sirs,
Dearness Relief payable for the period February to July, 2016 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 to July, 2016_ 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 |
|
₹ |
% |
₹ |
₹ |
||
|
6147 |
Pre 1.1.86 Retirees |
350 |
928.62 |
3250 |
3600 |
|
Surviving spouses of pre 1.1.86 retirees |
175 |
928.62 |
1625 |
1800 |
Yours faithfully,
K.S. Chauhan
Senior Vice President
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