Dearness Relief from August 2020 to Jan 2012 to Surviving pre 1-1-1986 Retirees

Dearness Relief from August 2020 to Jan 2012 to Surviving pre 1-1-1986 Retirees

Indian Banks 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 Exonomic Affairs (Banking Division) letter F.No.11/2/2012-IR dated 17.12.2013, the Dearness Relief Paybale 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.
2.45	Pre 1.1.86 Retirees2034	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)

Signed copy