Dearness Relief for Bank Employees – IBA Circulars August 2015

Dearness Relief for Bank Employees – IBA Circulars August 2015

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2015-16/1160

August 3, 2015

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

Dear Sirs,

Dearness Relief payable for the period August, 2015 to January 2016 to (a) 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 17.12.13, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period August 2015 to January 2016 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
5896	Pre 1.1.86 retirees  Surviving spouses of pre 1.1.86 retirees	350	887.08	3105	3455
		175	887.08	1552	1727

Yours faithfully
sd/-
K S Chauhan
Senior Vice President

Authority : www.iba.org.in