Indian Bank Association issued Circular regarding payment of Dearness Relief payable to Pensioners for the period February 2025 to July 2025
Table of Contents
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/D/G2/2024-25/ 1823
February 20, 2025
Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension
Dear Sir/ Madam,
Dearness Relief payable to Pensioners for the period February 2025 to July 2025
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers for the quarter ended December 2024 are as follows: –
| Month & Year | 1960 = 100 series | 2016 = 100 series |
| October 2024 | 9499.23 | 144.5 |
| November 2024 | 9499.23 | 144.5 |
| December 2024 | 9446.64 | 143.7 |
| CPI Average | 9481.70 | 144.23 |
In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix Il to the Regulations.
Further, we draw your attention to our circular HR&IR/MBR/G2/0533 dated 16.10.2023, wherein we have communicated about DR neutralization for pre 01.11 2002 retirees and family pensioners. The amount of ex-gratia to be paid, to a group of pensioners, was also mentioned therein.
Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 2025 to July 2025 as per Annexure.
Yours faithfully,
Brajeshwar Sharma
Senior Advisor (HR&IR)
Officiating Deputy Chief Executive
ANNEXURE
| PART-I | |
| Dearness Relief to pensioners who retired on or after 1st day of November, 1986 but before the 1st day of November, 1992/1st July, 1993 | |
| Average Index (CPI) for quarter ended December 2024 | 9481.70 |
| No. of Slabs | 2220 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 | 1487.40 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
| PART-II | |
| Dearness Relief to pensioners who retired on or after 1st day of November, 1992/1st July, 1993 | |
| Average Index (CPI) for quarter ended December 2024 | 9481.70 |
| No. of Slabs | 2083 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 | 729.05 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
| PART-III | |
| Dearness Relief to pensioners who retired on or after 1st day of April, 1998. | |
| Average Index (CPI) for quarter ended December 2024 | 9481.70 |
| No. of Slabs | 1949 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 | 467.76 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
| PART-IV | |
| Dearness Relief to pensioners who retired on or after 1st day of November 2002. | |
| Average Index (CPI) for quarter ended December 2024 | 9481.70 |
| No. of Slabs | 1798 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 | 323.64 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
| PART-V | |
| Dearness Relief to pensioners who retired on or after 1st day of November 2007. | |
| Average Index (CPI) for quarter ended December 2024 | 9481.70 |
| No. of Slabs | 1661 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 | 249.15 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
| PART-VI | |
| Dearness Relief to pensioners who retired on or after 1st day of November 2012. | |
| Average Index (CPI) for quarter ended December 2024 | 9481.70 |
| No. of Slabs | 1260 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 | 126.00 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
| PART-VII | |
| Dearness Relief to pensioners who retired on or after 1st day of November 2017. | |
| Average Index (CPI) for quarter ended December 2024 | 9481.70 |
| No. of Slabs | 782 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 | 54.74 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
| PART-VIII | |
| Dearness Relief to pensioners who retired on or after 1st day of November 2022. | |
| Average Index (CPI) for quarter ended December 2024 | 144.23 |
| No. of Slabs | 21.20 |
| Rate of dearness relief on pension for the months February 2025 to July 2025 | 21.20 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
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