DR payable for the period August 2020 to January 2021(retirees) – IBA

DR payable for the period August 2020 to January 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

Yours faithfully,

S. K. Kakkar
Senior Advisor (HR&IR)

[download id=”116431″ template=”dlm-buttons-button”]

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Discover more from Govtempdiary

Subscribe now to keep reading and get access to the full archive.

Continue reading