Dearness Relief payable for the period August 2016 to January 2017
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No. CIR/HR&IR/D/G2/2016-1/774
August 1, 2016
Designated Officers of all Nationalised Banks and Associate Banks of State Bank of India
Dear Sirs,
Dearness Relief payable for the period August 2016 to January 2017 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 2016 to January 2017 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 |
|
| Rs. | % | Rs. | Rs. | ||
| 6261 | Pre 1.1.86 Retirees |
350 | 948.05 | 3318 | 3668 |
| Surviving spouses of pre 1.1.86 retirees |
175 | 948.05 | 1659 | 1834 |
Source:Â http://www.iba.org.in/Documents/Circular774.pdf
