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Dearness Relief to Pre 1986 Bank Retirees from Aug 2021 to Jan 2022 – IBA

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Dearness Relief to Pre 1986 Bank Retirees from Aug 2021 to Jan 2022 – IBA

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

HR&IR/MBR/D/G2/10197
August 2, 2021

Designated Officers of all Nationalized Banks and
State Bank of India

Dear Sir/Madam,

Dearness Relief payable for the period August 2021 to January 2022 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

Also Read : DA for Bank Employees from Aug to Oct 2021 – IBA Order

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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 2021 to January 2022 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
 

%

7941

Pre 1.1.86 Retirees 350 1229.45 4303 4653
Surviving spouses of pre 1.1.86 retirees 175 1229.45 2152

2327

Yours faithfully,

Brajeshwar Sharma
Senior Advisor(HR&IR)

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