DR payable to pre 1.1.1986 retirees of banks for the period August 2022 to January 2023

IBA – DR payable to pre 1.1.1986 retirees of banks

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2022-23/11415
August 1, 2022

Designated Officers of all Nationalised Banks
and State Bank of India

Dear Sir/Madam,

Dearness Relief payable for the period August 2022 to January 2023 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 August 2022 to January 2023 on Ex-gratia 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. Rs.
8456 Pre 1.1.86 Retirees 350 1315.88 4606 4956
Surviving spouses of pre 1.1.86 retirees 175 1315.88 2303 2478

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

Source: DR payable to pre 1.1.1986 retirees of banks

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