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)
🕑 08 Jan, 2025 08:55 PM
Budget 2024:RSS backed BMS demands 8th CPC, IT exemption upto 10 Lakh
🕑 08 Jan, 2025 10:44 AM
8th Pay Commission in Budget 2025? What JCM members say
🕑 07 Jan, 2025 10:50 AM
November CPI-IW released. 3% DA hike from January 2025
🕑 06 Jan, 2025 12:04 PM
Confederation urges govt for commuted pension restoration in 12 years
🕑 02 Jan, 2025 09:52 AM
Employers Cannot Deduct Excess Amounts Caused by Pay Fixation Errors
🕑 31 Dec, 2024 09:11 PM
Employees cannot claim benefits of both MACPS and regular promotion
🕑 26 Dec, 2024 07:51 PM
Income Tax cuts likely for income up to ₹15 Lakh!
🕑 17 Dec, 2024 08:12 AM
Confederation writes to PM for 8th CPC with a detailed note
🕑 09 Jan, 2025 10:21 PM
Central Government DoPT Holiday List 2025
🕑 09 Jan, 2025 10:05 PM
📈 Expected Dearness Allowance (DA) from July 2025 Calculator
🕑 09 Jan, 2025 08:30 PM
📈 Expected Dearness Allowance (DA) from January 2025 Calculator
🕑 09 Jan, 2025 07:48 PM
Union Budget 2025: Time ripe for a tax cut
🕑 02 Jan, 2025 08:35 AM
Central Government Employees Await News on 8th Pay Commission
🕑 02 Jan, 2025 08:31 AM
Central Government Employees disappointed on 8th Pay Commission formation
🕑 22 Nov, 2024 10:21 AM
Unified Pension Scheme (UPS): All You Need to Know
🕑 02 Nov, 2024 09:12 AM
EPFO board will meet on Nov 23 to approve Central Pension Payment System
🕑 04 Oct, 2024 10:05 AM
PFRDA introduces Balanced Life Cycle Fund option
