Dearness Relief to Pre 1986 Bank Retirees from August 2021 to January 2022
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
HR&IR/MBR/D/G2/10197
August 2, 2021
Designated Officers of all Nationalized Banks and State Bank of India
Dear Sir/Madam,
Dearness Relief payable for the period August 2021 to January 2022 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
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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 2021 to January 2022 on Ex-gratia will be as under:
| Applicable CPI Average | Amount of Ex-gratia per month (Rs) | Rate of Dearness Relief (%) | Amount of Dearness Relief per month (Rs) | Total Ex-gratia amount including Dearness Relief per month (Rs) | |
| 7941 | Pre 1.1.86 Retirees | 350 | 1229.5 | 4303 | 4653 |
| Surviving spouses of pre 1.1.86 retirees | 175 | 1229.5 | 2152 | 2327 |
Yours faithfully,
sd/-
Brajeshwar Sharma
Senior Advisor(HR&IR)
DR to Pre 1986 Bank Retirees from August 2021 to January 2022 – IBA Order 2021
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