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Bank : Dearness Relief payable for the period August 2017 to January 2018

August 4, 2017 by admin Leave a Comment

Bank : Dearness Relief payable for the period August 2017 to January 2018

Indian Bank’s Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2017-18/3314
August 1, 2017

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

Dear Sirs,

Dearness Relief payable for the period August 2017 to January 2018 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 2017 to January 2018 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.

6353

Pre 1.1.86 Retirees

350

963.46

3372

3722

Surviving spouse of pre 1.1.86 retirees.

175

963.46

1686

1861

Yours faithfully,
S/d,
S.K. Kakkar,
Senior Advisor

Signed Copy

Filed Under: Bank, Dearness Relief for Pensioners

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