Bank Dearness Relief payable to Pensioners for the period February 2026 to July 2026 ad hoc basis where DR neutralization pending: IBA Order dated 06.02.2026
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/76/D/2025- 26/2912
February 06, 2026
Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension
Dear Sir/ Madam,
Dearness Relief payable to Pensioners for the period February 2026 to July 2026
Ref : Our Circular No.CIR/HR&IR/76/D/2025- 26/2911 dated February 06, 2026
We draw your attention to our circular under reference, wherein we had provided the rates at which Dearness Relief payable to Pensioners / family pensioners, for the period of February 2026 to July 2026, 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 16.10.2023, in addition to the contents of our circular under reference, they may pay on ad hoc basis (Pending amendments to Pension Regulations), the Dearness Relief payable to pensioners for the period February 2026 to July 2026 as per Annexure.
Yours faithfully,
Arvid Misra
Senior Advisor (HR&IR)
Annexure
PART-I
| Dearness Relief to pensioners who retired on or after 1st day of January, 1986, but before the 1st day of November, 1992/1st July, 1993 | ||
| BASIC PENSION | Dearness relief for the months February 2026 to July 2026 | Slabs 2282 |
| Average Index | 9731.50 |
|
| (i) Upto Rs.1250 | 1528.94 per cent | |
| (ii) Rs.1251 to Rs.2000 | Rs. 19111.75 plus 1255.10 per cent of Basic Pension in excess of Rs.1250/- | |
| (iii) Rs.2001 to Rs.2130 | Rs. 28525.00 plus 753.06 per cent of Basic Pension in excess of Rs.2000/- | |
| (iv) Above Rs.2130 | Rs. 29503.98 plus 387.94 per cent of Basic Pension in excess of Rs.2130/- | |
PART-II
| Dearness Relief to pensioners who retired on or after 1st day of November, 1992/1st July, 1993 | ||
| BASIC PENSION | Dearness relief for the months February 2026 to July 2026 | Slabs 2145 |
| Average Index | 9731.50 | |
| (i) Upto Rs.2400 | 750.75 per cent | |
| (ii) Rs.2401 to Rs.3850 | Rs. 18018.00 plus 622.05 per cent of Basic Pension in excess of Rs.2400/- | |
| (iii) Rs.3851 to Rs.4100 | Rs. 27037.73 plus 364.65 per cent of Basic Pension in excess of Rs.3850/- | |
| (iv) Above Rs.4100 | Rs. 27949.35 plus 193.05 per cent of Basic Pension in excess of Rs.4100/- | |
PART-III
| Dearness Relief to pensioners who retired on or after 1st day of April, 1998. | ||
| BASIC PENSION | Dearness relief for the months February 2026 to July 2026 | Slabs 2011 |
| Average Index | 9731.50 | |
| (i) Upto Rs.3550 | 482.64 per cent | |
| (ii) Rs.3551 to Rs.5650 | Rs. 17133.72 plus 402.20 per cent of Basic Pension in excess of Rs.3550/- | |
| (iii) Rs.5651 to Rs.6010 | Rs. 25579.92 plus 241.32 per cent of Basic Pension in excess of Rs.5650/- | |
| (iv) Above Rs.6010 | Rs. 26448.67 plus 120.66 per cent of Basic Pension in excess of Rs.6010/- | |
PART-IV
| Dearness Relief to pensioners who retired on or after 1st day of November, 2002 | |
| Average Index (CPI) for quarter ended December 2025 | 9731.50 |
| No. of Slabs | 1860 |
| Rate of dearness relief on pension for the months February 2026 to July 2026 | 334.80 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
PART-V
| Dearness Relief to pensioners who retired on or after 1st day of November, 2007 | |
| Average Index (CPI) for quarter ended December 2025 | 9731.50 |
| No. of Slabs | 1723 |
| Rate of dearness relief on pension for the months February 2026 to July 2026 | 258.45 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
PART-VI
| Dearness Relief to pensioners who retired on or after 1st day of November, 2012 | |
| Average Index (CPI) for quarter ended December 2025 | 9731.50 |
| No. of Slabs | 1322 |
| Rate of dearness relief on pension for the months February 2026 to July 2026 | 132.20 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
PART-VII
| Dearness Relief to pensioners who retired on or after 1st day of November, 2017 | |
| Average Index (CPI) for quarter ended December 2025 | 9731.50 |
| No. of Slabs | 844 |
| Rate of dearness relief on pension for the months February 2026 to July 2026 | 59.08 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
PART-VIII
| Dearness Relief to pensioners who retired on or after 1st day of November, 2022 | |
| Average Index (CPI) for quarter ended December 2025 | 148.03 |
| No. of Slabs | 25.00 |
| Rate of dearness relief on pension for the months February 2026 to July 2026 | 25.00 % of basic pension |
| (ignore decimals from 3rd place onwards) | |
COMMENTS