DR payable for Bank employees from February to July 2020
Indian Banks’ Association
HR & Industrial Relations
No.CIR/HR&IR/D/G2/2019-20/8620
February 1, 2020
Designated Officers of all Nationalised Banks
and State Bank of India
Dear Sir/Madam,
Dearness Relief payable for the period February to July 2020 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 February 2020 to July 2020 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 |
|
|---|---|---|---|---|---|
| ₹ | % | ₹ | ₹ | ||
| 7479 | Pre 1.1.86 Retirees |
350 | 1151.73 | 4031 | 4381 |
| Surviving spouses of pre 1.1.86 retirees |
175 | 1151.73 | 2016 | 2191 |
Yours faithfully,
S K Kakkar
Senior Advisor(HR & IR)
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