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Saturday, August 8, 2015

Dearness Relief payable for the period August, 2015 to January 2016 to (a) surviving pre 1.1.1986 retiress of banks ...

Dearness Relief payable for the period August, 2015 to January 2016 to (a) surviving pre 1.1.1986 retiress of banks …
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 retiress 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




 5896

%
Pre 1.1.86 retirees
350
887.08
3105
3455
Surviving spouses of pre 1.1.86 retirees
175
887.08
1552
1727

yours faithfully,
Sd/-
K S Chauhan
Senior Vice President
Source: http://www.iba.org.in/Documents/DR_Aug_Pen_2015_Jan_16.pdf

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