IBA DR Order for Pre 1986 Retirees from August 2018
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No. CIR/HR&IR/D/G2/2018-19/5576
August 1, 2018
Designated Officers of all Nationalised Banks
and State Bank of India
Dear Sirs,
Dearness Relief payable for the period August 2018 to January 2019 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 2018 to January 2019 on Ex-gratia will be as under :
| Applicable CPI | Average Amount of Ex-gratis per month | Rate of Dearness Relief | Amount of Dearness Relief per month | Total Ex-gratis amount including Dearness Relief per month | |
|---|---|---|---|---|---|
| ₹ | % | ₹ | ₹ | ||
| 6604 | Pre 1.1.86 Retirees | 350 | 1005.67 | 3520 | 3870 |
| Surviving spouses of pre 1.1.86 retirees | 175 | 1005.67 | 1760 | 1935 |
Yours faithfully,
S K Kakkar
Senior Advisor (HR&IR)
IBA Dearness Relief Order to Bank Pensioners from August 2018
