• Breaking News

    Monday, 6 February 2017

    DEARNESS RELIEF (DR) PAYABLE TO SURVIVING (SPOUSE) PRE 1.1.1986 RETIREES OF BANKS WHO ARE IN RECEIPT OF EX-GRATIA

    Dearness Relief (DR) Payable to Surviving (Spouse) Pre 1.1.1986 Retirees of Banks who are in receipt of Ex-gratia


    Indian Banks' Association

    HR & INDUSTRIAL RELATIONS

    No.CIR/HR&IR/D/G2/2016-17/1998
    February 1, 2017


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

    Dear Sirs,

    Dearness Relief payable for the period February 2017 to July 2017 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 February 2017 to July 2017 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 mouth
    Total Ex-gratia amount including Dearness Relief per month
    Rs.
    %
    Rs.
    %
    6315
    Pre 1.1.86 Retirees
    350
    957.43
    3351
    3701
    Surviving spouses of pre 1.1.86 retirees
    175
    957.43
    1675
    1850

    Yours faithfully,

    Sd/-
    K S Chauhan
    Senior Vice President 

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