Dearness Relief to pre 1986 Bank Pensioners from Feb 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)
Also Read : DA for Bank Employees from February 2020
