IBA Issues Bank DA and DR Orders for the period August 2016 to January 2017
The confirmed All India Average consumer Price Index Numbers for Induustrial workers (Base 1960=100) for the quarter ended June, 2016 are as follows:-
April 2016 – 6185.82
May 2016 – 6277.12
June 2016 – 6322.77
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.
Dearness Relief payable to Pensioners for the period august 2016 to January 2017
Dearness Relief payable for the period August 2016 to January 2017 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 for Workmen and Officer Employees in banks for the months of August, September & October 2016 under X BPS/Joint Note dated 25.05.2015
Source:http://www.iba.org.in/
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