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Dearness Relief to Bank Pensioners for the period August 2017 to January 2018 – IBA Circular

August 27, 2017 Leave a Comment

IBA CircularDearness Relief to Bank Pensioners for the period August 2017 to January 2018 – IBA Circular

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2017-18/3314

August 1, 2017

Designated Officers of all Nationalised Banks
which are parties to the Bipartite Settlements on Pension

Dear Sirs,
Dearness Relief payable to Pensioners for the period August 2017 to January 2018

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June, 2017 are as follows :-

April 2017 – 6322.77
May 2017 – 6345.60
June 2017 – 6391.25

In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at the 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 2017 to January 2018 as per Annexure.

Yours faithfully,
sd/-
S.K.Kakkar
Senior Advisor

Authority: http://www.iba.org.in/

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  3. Grant of Dearness Relief to Central Government Pensioners – Family Pensioners : 5% w.e.f 1.7.2017 – Orders issued
  4. Grant of Dearness Relief to Central Government Pensioners/Family Pensioners — Revised Rate Effective from 01.07.2018
  5. Grant of Dearness Relief to Haryana State Government Pensioners/Family Pensioners on Revised Rate w.e.f. 01.01.2018
  6. PCDA Circular NO. 200 : Payment of Dearness Relief to Re-Employed Pensioners – Clarification
  7. Dearness Relief to central govt. pensioners from july 2019
  8. Ministry of Railways:Grant of Dearness Relief to Pensioners & Family pensioners:Revised Rate effective from 01.07.2017
  9. Grant of Dearness Relief to Railway Pensioners/Family Pensioners — Effective from 01 Jan 2018
  10. CPAO ORDER – Applicability of Dearness Relief to the Pensioner / Family Pensioner

Filed Under: Bank Employees News Tagged With: Bank, Dearness Relief, Pensioners

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