DR to Pensioners for the period February 2021 to July 2021
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/D/G2/2020-21/9589
February 1, 2021
Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension
Dear Sir/ Madam,
Dearness Relief payable to Pensioners for the period February 2021 to July 2021
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2020 are as follows:-
October 2020 – 7855.76
November 2020 – 7882.06
December 2020 – 7809.74
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 February 2021 to July 2021as per Annexure.
Yours faithfully,
S K Kakkar
Senior Advisor (HR&IR)
Dearness Relief to Pensioners who retired on or after 1st day of January,1986, but before the 1st day of November,1992 (Workmen)/1st July,1993 (Officers)
Dearness Relief to Pensioners who retired on or after 1st day of January,1992, (workmen)/1st July, 1993 (Officers)
Dearness Relief to Pensioners who retired on or after 1st day of April,1998
Dearness Relief to Pensioners who retired on or after 1st day of November,2007
Dearness Relief to Pensioners who retired on or after 1st day of November,2012
Dearness Relief to Pensioners who retired on or after 1st day of November,2017
