Dearness Relief to Bank Pensioners from Aug 2024 to Jan 2025 – DR neutralization for pre-November 2002 retirees
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/D/G2/2024-25/ 1322
August 7, 2024
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 August 2024 to January 2025
Please refer to our Circular No.CIR/HR&IR/D/G2/2024-25/1320 dated 7.08.2024, wherein we had provided the rates at which Dearness Relief payable to Pensioners / family pensioners, for the period of August 2024 to January 2025, after implementation of DR neutralization for pre-November 2002 retirees / family pensioners.
2.To facilitate those who are yet to implement our letter HR& IR/MBR/02 /0533 dated 16.10.2023, in addition to the contents of our above mentioned circular dated 07.08.2024, they may pay on ad hoc basis (Pending amendments to Pension Regulations), the Dearness Relief payable to pensioners for the period August 2024 to January 2025 as per Annexure-I
Yours faithfully,
Brajeshwar Sharma
Senior Advisor (HR&IR)
Annexure I
| PART- I | |||
| Dearness Relief to pensioners who retired on or after 1st day of January ,1986, but before the 1st day of November,1992/1st July, 1993 | |||
| BASIC PENSION | Dearness relief for the months August 2024 to January 2025 | Slabs 2154 |
|
| Average Index | 9218.74 | ||
| (i) | Upto Rs.1250 | 1443.18 per cent.+ Rs. 800/- | |
| (ii) | Rs.1251 to Rs.2000 | 1184.70 per cent.+ Rs. 450/- | |
| (iii) | Rs.2001 to Rs.2130 | 710.82 per cent. | |
| (iv) | Above Rs.2130 | 366.18 per cent. | |
| PART- II | |||
| Dearness Relief to pensioners who retired on or after 1st day of November,1992/1st July, 1993 | |||
| BASIC PENSION | Dearness relief for the months August 2024 to January 2025 | Slabs 2017 |
|
| Average Index | 9218.74 | ||
| (i) | Upto Rs.2400 | 705.95 per cent + Rs. 800/- | |
| (ii) | Rs.2401 to Rs.3850 | 584.93 per cent + Rs. 450/- | |
| (iii) | Rs.3851 to Rs.4100 | 342.89 per cent | |
| (iv) | Above Rs.4100 | 181.53 per cent | |
| PART- III | |||
| Dearness Relief to pensioners who retired on or after 1st day of April,1998. | |||
| BASIC PENSION | Dearness relief for the months August 2024 to January 2025 | Slabs 1883 |
|
| Average Index | 9218.74 | ||
| (i) | Upto Rs.3550 | 451 .92 per cent. + Rs. 800/- | |
| (ii) | Rs.3551 to Rs.5650 | 376.60 percent + Rs. 450/- | |
| (iii) | Rs.5651to Rs.6010 | 225.96 percent | |
| (iv) | Above Rs.6010 |
112.98 percent |
|
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