Panchkula, Aug. 6 -- The Indian Banks' Association (IBA) has announced the Dearness Relief (DR) rates for surviving pre-January 1, 1986 bank retirees and their surviving spouses receiving ex-gratia, applicable from August 2026 to January 2027. The revised rates were communicated to designated officers of all nationalised banks and the State Bank of India through a circular issued on August 3.
According to the circular from the IBA's HR & Industrial Relations Department, the Dearness Relief has been calculated in accordance with the Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division) letter dated December 17, 2013. The applicable Consumer Price Index (CPI) average is 9,917.76, and the Dearness Relief ...