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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

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August 13, 2015 Tagged With: Bank Employees DA, Bank Employees News, Dearness Relief, Dearness Relief Orders Filed Under: Bank DA Orders, Bank Employees News, Dearness Relief

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