Dearness Relief to Bank Pensioners from February 2018 to July 2018 - IBA Orders
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 amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 20...