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    Friday, 4 August 2017

    BANK PENSIONERS DEARNESS RELIEF FOR THE PERIOD AUGUST 2017 TO JANUARY 2018- IBA CIRCULAR

    Bank Pensioners Dearness Relief for the Period August 2017 to January 2018- IBA Circular

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

    Indian Banks' Association

    HR & INDUSTRIAL RELATIONS

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

    Designated Officers of all Member Banks
    which are parties to the Bipartite Settlement on Pension 

    Dear Sirs, 

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

    The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June, 2017 are as follows:- 

    April 2017 - 6322.77

    May 2017 - 6345.60

    June 2017 - 6391.25
    In terms of Regulation 37 of Bank Employees' Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations. 

    Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period August 2017 to January 2018 as per Annexure. 

    Yours faithfully,

    Sd/-
    S K Kakkar
    Senior Advisor

    Encl.


    IBA Circular- Bank Pensioners DR Aug 2017 to Jan 2018 [Download]

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