No.CIR/HR&IR/D/G2/2024-25/1321
August 7, 2024
Designated Officers of all Nationalised Banks and State Bank of India
Dear Sir/Madam,
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 2024 to January 2025 on Ex-gratia will be as under :
| Applicable CPI Average | Amount of Ex-gratia per month | Rates of Dearness Relief | Amount of Dearness Relief per month | Total Ex-gratia amount including Dearness Relief per month | |
| 9122.33 | Pre 1.1.86 Retirees | 350 | 1443.18 | 5051.13 | 5401.13 |
| Surviving spouses of pre1.1.86 retirees | 175 | 1443.18 | 2525.57 | 2700.57 |
2. However, you may be guided by IBA circular HR&IR/MBR/743/2022-23/11722 dated February 7, 2023, wherein we have sent an advisory to Banks, to consider additional ex-gratia payment over and above the amount being paid as per DFS guidelines so as to ensure that the surviving pre 1986 retired employee / surviving spouse of pre 1986 retired employee get a minimum of Rs.10000/- per month as Ex-gratia.
Yours faithfully,
(Brajeshwar Sharma)
Senior Advisor (HR&IR)
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