HomeBank DADearness Relief to pre 1986 Bank Pensioners from Feb 2020

Dearness Relief to pre 1986 Bank Pensioners from Feb 2020

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
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Yours faithfully,

S K Kakkar
Senior Advisor (HR&IR)

Signed Copy

Also Read : DA for Bank Employees from February 2020

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