Dearness Relief to Bank Pensioners from February 2018 to July 2018 – IBA Orders
Dearness Relief payable to Pensioners for the period February 2018 to July 2018
Indian Banks’ Association
HR & Industrial Relations
No.CIR/HR&IR/D/G2/2017-18/4433
February 1, 2018
(Designated Officers of all Members Banks which are parties to the Bipartite Settlements on Pension
Dear Sirs,
Dearness Relief payable to Pensioners for the period February 2018 to July 2018
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 2017 – 6551.03
November 2017 – 6573.86
December 2017 – 6528.21
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 amnedments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 2018 to July 2018 as per Annexure.
Yours faithfully,
sd/-
S K Kakkar
Senior Advisor (HR&IR)
Authority: http://www.iba.org.in/
Similar Posts:
- Dearness Relief payable to Pensioners for the period February to July, 2016 – IBA
- Dearness Relief to Bank Pensioners for the period Aug 2017 to Jan 2018 – IBA Circular
- IBA Issues Bank DA and DR Orders for the period August 2016 to January 2017
- Dearness Relief payable for the period February to July, 2016 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
- Dearness Allowance to Bank Employees from Feb 2019 – IBA Circulars
Leave a Reply