Indian Banks' Association
February 1, 2014
Designated Officers of all Member Banks
which are to the Bipartite on
Dearnesspayable to for the period February 2014 to July 2014
The confirmed All India AverageNumbers for Industrial Workers (Base 1960=100) for the quarter ended December, 2013 are as follows:-
October 2013 5501.04
November 2013 5546.69
December 2013 5455.39
In terms of Regulation 37 of' Pension Regulations, 1995 dearness relief is payable to pensionersat specified in Appendix II to the Regulations.
Pendingto Pension Regulations, Banks may pay on ad hoc basis, the dearness relief payable topensioners for the period February 2014 to July 2014 as per Annexure.
DEPUTY CHIEF EXECUTIVE