Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/D/G2/2023-24/
August 2, 2023
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 2023 to January 2024 on Ex-gratia will be as under :
| Applicable CPI Average | Amount of Ex-gratia per month | Rate of Dearness Relief | Amount of Dearness Relief per month | Total Ex- gratia amount including Dearness Relief per month | |
| ₹ | % | ₹ | ₹ | ||
| 8881 | Pre 1.1.86 Retirees | 350 | 1386.90 | 4854.15 | 5204 |
| Surviving spouses of pre 1.1.86 retirees | 175 | 1386.90 | 2427.08 | 2602 |
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 employees get a minimum of Rs.10000/- per month as Ex-gratia.
Yours faithfully,
Brajeshwar Sharma
Senior Advisor (HR&IR)
🕑 20 Sep,23 11:46a.m.
RCSWS demands pension hike at @ 5% at the age of 65, 70, 75 & 80
🕑 20 Sep,23 11:24a.m.
Merger of grades of PAO (Level 9) & SrAO (Level 10) & pay fixation
🕑 20 Sep,23 11:12a.m.
RSCWS DEMANDS RELHS benefits either for their Parents or Parents-in-law
🕑 19 Sep,23 9:59a.m.
Pay Fixation of CPSE Board Level Executives - Clarification
🕑 19 Sep,23 9:52a.m.
62nd NC JCM Standing Committee meeting to be held on 20.09.2023
🕑 15 Sep,23 11:03p.m.
Govt extends APAR deadlines for All India Services officers
🕑 15 Sep,23 10:54p.m.
A Rath Yatra by teachers' union demanding return of the Old Pension Scheme
🕑 09 Sep,23 9:08p.m.
How to check your National Pension Scheme balance without using the Umang app
🕑 02 Sep,23 8a.m.
What happens if DA crosses 50%? DA merger? 8th Pay Commission?
🕑 19 Aug,23 9:22a.m.
ICMR studiying on Sudden Deaths’ of youngsters in post COVID world
🕑 17 Aug,23 4:27p.m.
Section 197 of CrPC: A Safeguard Against Harassment of Public Servants
🕑 17 Aug,23 4:20p.m.
Benefits for being a central government employee
🕑 17 Aug,23 4:16p.m.
Some thoughts on 8th Central Pay Commission (CPC)
🕑 15 Aug,23 7:21p.m.
Empowering India's Future: Key Insights from PM Modi's Independence Day Address
🕑 07 Jun,23 10:56a.m.
Central Government Health Scheme (CGHS): A Comprehensive Guide
🕑 13 Apr,23 3:19p.m.
Pension system revision, will it go back to the old way?.
