The Indian Banks' Association (IBA) on February 16, 2024, notified regarding the Dearness Relief payable to Pensioners for the period February 2024 to July 2024.
The following has been stated:
It is requested to refer to Circular No. CIR/HR&IR/D/G2/2023-24/816 dated February 7, 2024, wherein it had provided the rates at which Dearness Relief payable to Pensioners/family pensioners, from February 2024 to July 2024, after implementation of DR neutralization for pre-November 2002 retirees/family pensioners.
To facilitate those who are yet to implement our letter HR&IR/MBR/G2/0533 dated October 16, 2023, in addition to the contents of our above-mentioned circular dated February 07, 2024. they may pay on an ad hoc basis the Dearness Relief payable to pensioners for the period February 2024 to July 2024 as per Annexure I.
Kindly find the Annexure attached to the document below.
[Circular No. CIR/HR&IR/D/G2/2023-24/835]
