DA FOR PENSIONERS

Indian Banks' Association
HR & INDUSTRIAL RELATIONS
No.CIWHR&1WD/G2/2017-18/4433

February 1, 2018
Designated Officers of all Member Banks which are parties to the Bipartite Settlement on Pension

Dear Sirs,
Dearness Relief payable to Pensioners for the period Februarv 2018 to Julv 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 Il 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 2018 to July 2018 as per Annexure.
Yours


CONTINUATION
Indian Banks' Association Indian Banks' Association
pART- I
Dearness Relief to pensioners who retired on or after 1st day of January,1986, but before the 1st day of November,1992/1st July, 1993
BASIC PENSION Dearness relief for the months
February 2018 to July 2018
Avera e Index Slabs
1487
6551
upto Rs.1250 996.29 per cent.
(ii) Rs.1251 to Rs.2000 Rs. 12453.62 plus 817.85
of basic pension in excess of Rs.1250.OO percent
(iii) Rs.2001 to Rs.2130 Rs. 18587.49 plus 490.71
of basic pension in excess of Rs.2000.OO percent
(iv) Above Rs.2130 19225.41 plus 252.79
of basic pension in excess of Rs.2130.00 percent

PART- Il
Dearness Relief to pensioners who retired on or after 1st day of November,1992/Ist July, 1993
BASIC PENSION Dearness relief for the months
February 2018 to July 2018
Avera e Index Slabs
—_„—1350
6551
upto Rs.2400 472.50 per cent.
(ii) Rs.2401 to Rs.3850 Rs. 1 1340.00 plus 391.5
of basic pension in excess of Rs.2400.OO percent
(iii) Rs.3851 to Rs.4100 17016.75 plus 229.5
of basic pension in excess of Rs.3850.OO percent
(iv) Above Rs.4100 17590.50 plus 121.5
of basic pension in excess of Rs.4100.00 percent

CONTINUATION
Indian Banks' Association
Indian Banks' Association
PART- Ill
Dearness Relief to pensioners who retired on or after 1st day of April,1998.
BASIC PENSION Dearness relief for the months
February 2018 to July 2018
Avera e Index Slabs
1216
6551
Upto Rs.3550 291.84 per cent.
(ii) Rs.3551 to Rs.5650 10360.32 plus 243.20
of basic pension in excess of Rs.3550.OO percent
(iii) Rs.5651 to Rs.6010 Rs. 15467.52 plus 145.92
of basic pension in excess of Rs.5650.OO percent
(iv) Above Rs.6010 Rs. 15992.83 plus 72.96
of basic pension in excess of Rs.6010.OO percent

pART-lV
Dearness Relief to pensioners who retired on or after 1st day of November, 2002.
Average Index (CPI) for quarter ended December 2017
6551
NO. of Slabs
1065
Rate of dearness relief on pension for the months February 2018 to July 191.70 % of basic
2018 pension
i nore decimals from 3rd lace onwards

PART-V
CONTINUA Banks' AsBociatiearness Råief to pensioners who retired on or after 1st day of November, 2007.
Average Index (CPI) for quarter ended December 2017 6551
No. of Slabs
Rate of dearness relief on pension for the months February 2018 to July 139.20 % of basic
2018 pension
i nore decimals from 3rd lace onwards
ON
Indian
PART-VI
Dearness Relief to pensioners who retired on or after 1st day of November, 2012.
Average Index (CPI) for quarter ended December 2017 6551
No. of Slabs
Rate of dearness relief on pension for the months February 2018 to July 52.70 % of basic
2018 pension
i nore decimals from 3rd lace onwards