Dearness Relief payable to Pensioners for the period August 2016 to January 2017

Dearness Relief payable to Pensioners for the period August 2016 to January 2017

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2016-17/772

 August 1, 2016

Designated Officers of all Member Banks which are parties to the Bipartite Settlement on Pension

Dear Sirs,

Dearness Relief payable to Pensioners for the period August 2016 to January 2017

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June,2016 are as follows:-

Apr 2016	6185.82
May 2016	6277.12
June 2016	6322.77

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 August 2016 to January 2017 as per Annexure.

Yours faithfully,
s/d,
K S Chauhan
Senior Vice President

Encl.

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