IBA Orders on DA : Increase in DA Slabs of 34 - 64.50 % May to July 2019

IBA Orders on DA : Increase in DA Slabs of 34 - 64.50 % May to July 2019

Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2019 under X BPS/ Joint Note dated 25.5.2015

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2019-20/7217

May 2, 2019

All Members of the Association
(Designated Officers)

Dear Sir/Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2019 under X BPS/Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=140} for the quarter ended March 2019 are as follows:-

January 2019 - 7007.55
February 2019 - 7007.55
March 2019 - 7053.20

The average CPI of the above is 7023 and accordingly the number of DA slabs are 645 (7023-4440= 2583/4= 645 Slabs) The last quarterly Payment of DA was at 611 Slabs. Hence there is an increase in DA slabs of 34, i.e 645 Slabs for payment of DA for the quarter May. June & July, 2019

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of May, June & July, 2019 shall be 64.50 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

sd/-

S K Kakkar

Senior Advisor (HR&IR)

DA for Bank Staff and Officers from Nov 2018 to Jan 2019

DA for Bank Staff and Officers from Nov 2018 to Jan 2019

Dearness Allowance for Bank Staff and Officers from Nov 2018 to Jan 2019 under 10th Bipartitie Settlement and Joint Note Dated 25.5.2015

DA Orders issued by IBA on 1.11.2018
HR & Industrial Relations

No.CIR/HR&IR/76/D/2018-19/6194

November 1, 2018

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2018 & January 2019 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2018 are as follows:-

The average CPI of the above is 6871 and accordingly the number of DA slabs are 607 (6871­ - 4440 = 2431 / 4 =  607  Slabs) The last quarterly Payment of DA was at 541 Slabs. Hence there is an increase in DA slabs of 66, i.e 607 Slabs for payment of DA for the quarter Nov, Dec 2018 and January 2019

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of Nov, Dec 2018 & January 2019 shall be 60.7 % of 'pay'. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S.K Kakkar
Senior Advisor (HR&IR)

Source: http://www.iba.org.in

DA for bank employees for the months of November, December 2016 & January 2017: IBA Orders

IBA Circulars on Dearness Allowance for the months of Nov, Dec and Jan 2017

Indian Banks Association
HR Industrial Relations

No.CIR/HR&IR/76D/2016-17/1338

November 1, 2016

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance Workmen and Officer Employees in banks for the months of November, December 2016 & January 2017 under X BPS/Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960-100) for the quarter ended September 2016 are as follows:-

July 2016 : 6391.25

Aug 2016 : 6345.60

Sep 2016 :  6322.77

The average CPI of the above is 653 and accordingly the number of slabs are 478(6353-4440 1913/4 478 Slabs). The last quarterly Payment of DA was at 455 Slabs. Hence there is an increase in DA slabs of 23, i.e.478 Slabs for payment of DA for the quarter Nov, Dec 2016 and January 2017.

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of Nov, Dec 2016 & January 2017 shall be 47.80 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully

sd/-
K.S.Chauhan
Senior Vice President

Authority: http://www.iba.org.in/
Click to view the order

DA for Bank Employees – 6 Slabs less from May, 2016

DA for Bank Employees – 6 Slabs less from May, 2016

Dearness Allowance – 6 Slabs less from May, 2016

AIBEA published a circular regarding Dearness Allowance after the announcement of CPI(IW) index for the month of March 2016 made by Labour Bureau.

Dearness Allowance – 6 Slabs less from May, 2016

CPI Month	2001	1960	Consumer Price Index		D.A. Slabs
Jan-16	269	6140.17	Average Points	6117.34	New Slabs	420
Feb-16	267	6094.52	Last Average	6144.00	Old Slabs	426
Mar-16	268	6117.34	Decrease	26.66	Decrease	6

D.A. Rates @ 0.10% per slab for 420 Slabs over 4440 points for all cadre/stages: 42.00%

Note: D.A. and Increase shown here includes Basic Pay and Special Allowance

D.A. Rates for Pensioners (%) – No change

Source: www.aibea.in

DA for Bank Employees – IBA Circular issued on 3.8.2015 for Aug, Sep & Oct 2015

DA for Bank Employees – IBA Circular issued on 3.8.2015 for Aug, Sep & Oct 2015

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2015-16/1159

August 3, 2015

All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2015 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2015 are as follows:-

April, 2015  – 5843.43

May, 2015   – 5889.08

June, 2015  – 5957.56

The average CPI of the above is 5896. Consequently, Dearness Allowance payable to employees is for 364 slabs for the period August, September & October 2015 i.e. an increase of 27 slabs over the current level.

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015 the rate of Dearness Allowance payable to workmen and officer employees for the months of August, September & October 2015 shall be 36.40% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,
sd/-
Senior Vice President

PS : The DA Payable under IXth Bipartite Settlement/Joint Note dated 27.04.2010, is @ 114.75% (5896-2836=3060/4 i.e 765 slab @ 0.15% per slab).

Authority : www.iba.org.in

Dearness Allowance for Bank Employees – Circular issued by IBA

Dearness Allowance for Bank Employees – Circular issued by IBA

IBA issued circulars regarding increasing the Dearness allowance for bank employees from February to April 2015 and Dearness relief for bank pensioners from Feb to July 2015

Click here to download the IBA circular of DA for employees
Click here to download the IBA circular of DR for pensioners.
Click here to download the IBA circular of DR for pre 01.01.1986 retirees

Bank Dearness Allowance for the next quarter (February to April 15)

Bank D.A. for the next quarter (February to April 15)

JUST 2 SLABS INCREASE IN DA PAYABLE TO BANK WORKMEN/OFFICERS FOR NEXT QUARTER FEB to APRIL 2015

The AICPIN (IW) Base 2001=100, for the month of December ’14, has been released by Labour Bureau Govt of India, to day, which stood at 253 point which was static from last August 14.

As such, the confirmed All India average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) are as follows:

Months CPI (Base 2001=100) CPI (Base1960=100)
October              253        5774.95
November         253        5774.95
December’14   253        5774.95

The average CPI as above, is 5774.Therefore the DA payable to Bank Workmen/Officers for the quarter February ’15 to April’15 will show an increase of 2 slabs at 110.10 %(From existing 109.80%)

While projecting the likely DA for next quarter, earlier we have mentioned the hike in DA would be nominal from Feb onwards.

Kindly note that this is only for information and official circular from IBA in this regard will be expected to be issued shortly.

Details of Calculation:

Average CPI as above 5774
Less Merged Point in 9th BPS 2836
Slabs 2938
Increase in slabs (New slab 734-Old 732) 2
DA % ( 734 x 0.15) 110.10 %

Source: www.paycommissionupdate.blogspot.in

Central D.A. for Jan'14 and Bank D.A. from Feb'14 will be known today (31.01.2014)

 Central D.A. for Jan'14 and Bank D.A. from Feb'14 will be known today (31.01.2014)

 With the scheduled release of AICPIN No. for December 2013 by Labour Bureau, the actual increase in Dearness Allowance for Central Govt. employees from 01.01.2014 and Bank employees from Feb to April 2014 can be calculated today. Usually the data is released in the evening. It is anticipated earlier that Central employees are going to get 10% increase and Bank employees to get 34 slabs hike in D.A.

As the central D.A. pattern is followed by most of the state Govt.s , everybody is waiting to know the final calculation.