IBA – Dearness Relief for the period August 2022 to January 2023 to Pensioners
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
August 1, 2022
Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension
Dearness Relief for the period August 2022 to January 2023 payable to Pensioners
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June, 2022 are as follows:-
April 2022 – 8394.82
May 2022 – 8480.28
June 2022 – 8493.43
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 2022 to January 2023 as per Annexure.
Senior Advisor (HIR&IR)
View the : Annexure for Rate of DR