Dearness Relief payable for the period August 2018 to January 2019 to surviving pre 1.1.1986 retirees of banks

Dearness Relief payable for the period August 2018 to January 2019 to surviving pre 1.1.1986 retirees of banks

INDIAN BANK’s ASSOCIATION

No.CIR/HR& IR/D/G2/2018-19/5576

August 1, 2018

Designated Officers of all Nationalised Banks
and State Bank of India

Dear Sirs,

Dearness Relief payable for the period August 2018 to January 2019 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 August 2018 to January 2019 on Ex-gratia will be as under :

Applicable CPI Average		Amount of Ex-gratis per month	Rate of Dearness Relief	Amount of Dearness Relief per month	Total Ex-gratis amount including Dearness Relief per month
		₹	%	₹	₹
6604	Pre 1.1.86 Retirees	350	1005.67	3520	3870
	Surviving spouses of pre 1.1.86 retirees	175	1005.67	1760	1935

Yours faithfully,

sd/-
S K Kakkar
Senior Advisor (HR&IR)

Source: http://www.iba.org.in