Dearness Relief payable to Pensioners from Feb 2019 to July 2019

Dearness Relief payable to Pensioners for the period February 2019 to July 2019

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2018-19/6765
February 1, 2019

Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension

Dear Sirs,

Dearness Relief payable to Pensioners for the period February 2019 to July 2019

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

October 2018 – 6893.42
November 2018 – 6893.42
December 2018 – 6870.60

In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at 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 February 2019 to July 2019 as per Annexure.

Yours faithfully,

S K Kakkar
Senior Advisor (HR&IR)

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