Dearness Relief payable for August to Jan 2021 to pre-1986 bank 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 |
Yours faithfully,
S. K Kakkar
Senior Advisor (HR&IR)
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