• Breaking News

    Sunday, 5 February 2017

    DEARNESS RELIEF TO PENSIONERS FOR THE PERIOD FEBRUARY 2017 TO JULY 2017

    Dearness Relief to Pensioners for the period February 2017 to July 2017

    Indian Banks' Association
    HR & INDUSTRIAL RELATIONS

    No.CIR/HR&IR/D/G2/2016-17/1998
    February 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 February 2017 to July 2017

    The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December,2016 are as follows:-

    October         2016       -     6345.60
    November     2016       -     6322.77
    December     2016        -     6277.12

    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 February 2017 to July 2017 as per Annexure. 

    Yours faithfully,

    Sd/-
    K S Chauhan
    Senior Vice President 

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