HomeCGEDearness Relief to Bank Pensioners from February 2022 to July 2022: IBA Circular

Dearness Relief to Bank Pensioners from February 2022 to July 2022: IBA Circular

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Dearness Relief to Bank Pensioners from February 2022 to July 2022: IBA Circular

HR & Industrial Relations

HR&IR/MBR/76/D/2021-22/10869
February 1, 2022

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 February 2022 to July 2022

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2021 are as follows:-

October 20218210.75
November 20218263.34
December 20218243.62
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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.

Also Read: DA for Bank Employees from Feb 2022 to Apr 2022, IBA Order

Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 2022 to July 2022 as per Annexure.

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

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