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Dearness Relief payable for the period August 2016 to January 2017

Dearness Relief payable for the period August 2016 to January 2017

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No. CIR/HR&IR/D/G2/2016-1/774
August 1, 2016

Designated Officers of all Nationalised Banks and Associate Banks of State Bank of India

Dear Sirs,

Dearness Relief payable for the period August 2016 to January 2017 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 2016 to January 2017 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.

6261

Pre 1.1.86
Retirees

350

948.05

3318

3668

Surviving
spouses of pre 1.1.86 retirees

175

948.05

1659

1834

Source-http://www.iba.org.in/Documents/Circular774.pdf

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