Bank employees' latest news update: Dearness Relief (DR) for bank pensioners from August 2024 to January 2025 has been announced. In a release, the Indian Banks’ Association (IBA) said, that pensioners will receive DR at rates specified under Regulation 37 of Bank Employees’ Pension Regulations, 1995. Additionally, pensioners who have retired before 2022, will see a 100% neutralisation of tapered DR and receive a fixed ex-gratia payment according to their pension slab. Meanwhile, the shift to a five-day work week for bank employees is progressing, pending final government approval.
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