The Indian Banks’ Association (IBA) on February 20, 2025, issued the notification regarding the Dearness Relief payable for the period February 2025 to July 2025 (a) to surviving pre January 01, 1986 retirees of banks (b) surviving spouses of pre January 01, 1986 Retirees who are in receipt of Ex-gratia.
The following has been stated namely: -
• The Dearness Relief payable to surviving pre January 01, 1986 retirees of banks for the period February 2025 to July 2025 on Ex-gratia will be as under: -
o Pre January 01, 1986 – 5555.90
o Surviving spouses of pre January 01, 1986 retirees – 2777.95
• Banks are 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 employee get a minimum of Rs. 10000/- per month as Ex-gratia.
