Dearness Relief Update : DR Rates for Feb-July 2025 Where Neutralization Isn’t Implemented

IBA issued Dearness Relief Update and key details on DR Rates, particularly in cases where neutralization isn’t implemented

Dearness Relief Update

Indian Banks’ Association
HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2024-25/1828
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

Please refer to our Circular No.CIR/HR&IR/D/G2/ 2024-25/1823 dated 20.02.2025, wherein we had provided the rates at which Dearness Relief payable to Pensioners / family pensioners, for the period of February 2025 to July 2025, after implementation of DR neutralization for pre-November 2002 retirees / family pensioners.

2. To facilitate those who are yet to implement our letter HR&IR/MBR/G2/0533 dated 16.10.2023, in addition to the contents of our above mentioned circular dated 03.02.2025, they may pay on ad hoc basis (Pending amendments to Pension Regulations), the Dearness Relief payable to pensioners for the period February 2025 to July 2025 as per Annexure I.

Yours faithfully,

Brajeshwar Sharma
Senior Advisov (HR&IR)
Officiating Deputy Chief Executive

DR RATES ANNEXURE