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Monday, February 3, 2014

IBA Circular - Dearness Relief payable for the period February, 2014 to July 2014

Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No. CIR/HR&IR/DG2/2013/8793
February 1, 2014

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

Dear Sirs,

Dearness Relief payable for the period February, 2014 to July 2014 to (a) surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.1986 retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Financial Services (Banking Division) letter F.No.11/2/2012-IR dated 17.12.13, the Dearness Relief payable to surviving pre 1.1.1986 retirees/surviving spouses of pre 1.1.86 retirees of banks for the period February to July 2014 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.


    
     5501
Pre 1.1.86 retirees


Surviving spouses of
pre 1.1.86 retirees

350



820.75

2873

3223

175

820.75

1436

1611



Yours faithfully,

Sd/-
K UNNIKRISHNAN
DEPUTY CHIEF EXECUTIVE

Source: http://www.iba.org.in/Documents/scan0002_03_02_14.pdf


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