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Dearness Relief to pre 1986 Bank Pensioners from Feb 2020

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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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