Dearness Relief payable for the period August 2014 to January 2015 to (a) surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.1986 retirees who are in receipt of ex-gratia

Dearness Relief payable for the period August 2014 to January 2015 to (a) surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.1986 retirees who are in receipt of ex-gratia

Indian Banks’ Association

HR & INDUSTIRAL RELATIONS

No.CIR/HR&IR/D/G2/2014-15/423

August 1, 2014

Designated Officers of all Nationalised Banks
and Associate Banks of State Bank of India

Dear Sirs,

Dearness Relief payable for the period August, 2014 to January 2015 to (a) surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.1986 retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Financial Services (Banking Division) letter F.No. 11/2/2012-IR dated 17.12.13, the Dearness Relief payable to surviving pre 1.1.1986 retirees/surviving spouses of pre 1.1.86 retirees of banks for the period August to January 2015 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
		%
5569	Pre 1.1.86 retirees	350	832.14	2912	3262
	Surviving spouses of pre 1.1.86 retirees	175	832.14	1456	1631

 

Yours faithfully,

K S Chauhan

Senior Vice President

Source-http://www.iba.org.in/Documents/DR_Aug_14_to_Jan_15_pre_1_1_86_retirees0001.pdf