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IBA DR ORDER : Dearness Relief from August 2020 to Jan 2021 to surviving pre 1.1.1986 retirees

IBA DR ORDER : Dearness Relief from August 2020 to Jan 2021 to surviving pre 1.1.1986 retirees

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2020-21/9020 August 3, 2020

Designated Officers of all Nationalised Banks and State Bank of India

Dear Sir/Madam,

Dearness Relief payable for the period August 2020 to January 2021 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 August 2020 to January 2021 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
Rs. % Rs. Rs.
7540 Pre 1.1.86 Retirees 350 1162.45 4069 4419
Surviving spouses of pre 1.1.86 retirees 175 1162.45 2034 2209
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Yours faithfully,

S. K Kakkar
Senior Advisor (HR&IR)

Signed Copy

Also Read :  

IBA DA ORDER : DA for Bank Employees from August to October 2020

IBA Order : Dearness Relief to Pensioners from August 2020 to January 2021

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