Dearness Relief payable to pre-1.1.1986 retirees of banks (b) surviving spouses of pre-1.1.86 Retirees receiving ex-gratia for the period February to July 2020
Indian Banks’ Association
HR & Industrial Relations
No.CIR/HR&IR/ D/G2/ 2019-20/ 8620
February 1, 2020
Designated Officers of all Nationalised Banks
and State Bank of India
Dear Sir/Madam,
Dearness Relief payable for the period February to July 2020 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 2020 to July 2020 on Ex-gratia will be as under :
Also check: Bank Employees Dearness Allowance from February 2020 – DA 2020
| 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 |
| 7479 | Rs. | % | Rs. | Rs. |
| Pre 1.1.86 Retirees | 350 | 1151.73 | 4031 | 4381 |
| Surviving spouses of pre 1.1.86 retirees | 175 | 1151.73 | 2016 | 2191 |
Yours faithfully,
S K Kakkar
Senior Advisor(HR & IR)
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