Bank DA Calculation from May 2018

Bank DA Calculation from May 2018

The All India Consumer Price Index for the month of March 2018 has been released by Labour Bureau yesterday. The index remained unchanged at the point of 287.

M/Y	Jan-2018	Feb-2018	Mar-2018
CPI	288	287	287
Conversion	6573.86	6551.03	6551.03
Average	-	-	6558.64
Minus 4440	-	-	2118.64
Divided by 4	-	-	530.00
DA %	-	-	53.00%

Dearness Allowance for workmen and officer employees in banks

Payable for the Year	Payable for the months	Average CPI	No. of slabs	% of pay
2018	May, June, July 2018	6558	530	53.0
2018	February, March April 2018	6551	527	52.7
2017	November, December 2017, January 2018	6505	516	51.6
2017	August September October 2017	6353	478	47.8
2017	May June July 2017	6261	456	45.6
2017	February March April 2017	6315	469	46.9
2016-17	November, December 2016, January 2017	6353	478	47.8
2016	August, September, October 2016	6261	455	45.5
2016	May, June, July 2016	6117	420	42.0
2016	February, March, April 2016	6147	426	42.6

Expected DA for Bank Employees From May to July 2018

Expected DA for Bank Employees From May to July 2018

Expected DA

Bank Employees From May to July 2018

Payable for the Year	Payable for the months	Average CPI	No. of slabs	% of pay
2018	Feb March April	6551	527	52.7
2017	November, December 2017 & January 2018	6505	516	51.6
2017	August September October	6353.21	478	47.8
2017	May June July	6261.91	456	45.6
2017	February March April	6315	469	46.9
2016- 17	Nov Dec Jan	6353	478	47.8
2016	Aug Sep Oct	6261.9	455	45.5
2016	May June July	6117	420	42
2016	Feb Mar Apr	6147	426	42.6
2015- 16	Nov Dec Jan	6033	398	39.8
2015	Aug Sep Oct	5896	364	36.4
2015	May Jun Jul	5790.17	738	110.7
2015	Feb Mar Apr	5774.95	734	110.1
2014- 15	Nov Dec Jan	5767	732	109.8
2014	Aug Sept Oct	5569.52	683	102.45
2014	May Jun Jul	5432.56	650	97.5
2014	Feb Mar Apr	5501.04	666	99.9
2013- 14	Nov Dec Jan	5402.13	641	96.15
2013	Aug Sept Oct	5211.91	593	88.95
2013	May Jun Jul	5082.57	561	84.15
2013	Feb Mar Apr	4976.05	535	80.25
2012- 13	Nov Dec Jan	4877	510	76.5
2012	Aug Sept Oct	4709	468	70.2
2012	May June Jul	4549	428	64.2
2012	Feb Mar Apr	4519	420	63

DA to Bank Employees & Officers from Feb to Apr 2018 under 19th BPS Joint Note

DA to Bank Employees & Officers from Feb to Apr 2018 under 19th BPS Joint Note

Dearness Allowance for Workmen and Officer Employees in banks for the months of  February, March & April 2018 under X BPS/Joint Note 25.5.2015

Indian Banks' Association

HR & Industrial Relations
No.CIR/HR&1R/76/D/2017-18/4431

February 1, 2018

All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2018 under X BPS/Joint Note 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2017 are as follows:-

October 2017 - 6551.03
November 2017 - 6573.86
December 2017 - 6528.21

The average CPI of the above is 6551 and accordingly the number of DA slabs are 527(6551-4440=2111/4= 527 Slabs). The last quarterly Payment of DA was at 516 Slabs. Hence there is an increase in DA slabs of 11, i.e 527 Slabs for payment of DA for the quarter February, March & April 2018.

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 February, March & April 2018 shall be 52.70% 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)

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

Dearness Allowance for Bank Employees from Nov 2017 to Jan 2018

 Dearness Allowance for Bank Employees from Nov 2017 to Jan 2018

The calculation of Dearness Allowance for bank employees is almost finalized from Nov 2017 to Jan 2018.

Expected DA for Bank Staff from May 2017

Expected DA for Bank Staff from May 2017

Expected DA from May 2017 for Bank Employees

Expected Calculation of Dearness Allowance as per 10th Bipartite Settlement.

Expected DA from May 2017 to July 2017 : We need three months All India Consumer Price Index data to find out  the actual increasing in DA percentage. But, at present we have two months data only. The predicted calculation given below that the CPI(IW)BY 2001=100 increasing one or two points and decreasing one or two points:

Payable for the Year	Payable for the months	Average CPI	No. of slabs	% of pay
2017	May June July	?	?	?
2017	Feb Mar Apr	6315	469	46.9
2016-17	Nov Dec Jan	6353	478	47.8

AICPIN at 272 for the month of March 2017

Jan- 17	274	6254.30
Feb- 17	274	6254.30
Mar- 17	272	6208.64	6239.08	450	45.0	-19.0

AICPIN at 273 for the month of March 2017

Jan- 17	274	6254.30
Feb- 17	274	6254.30
Mar- 17	273	6231.47	6246.69	452	45.2	-17.1

AICPIN at 274 for the month of March 2017

Jan- 17	274	6254.30
Feb- 17	274	6254.30
Mar- 17	274	6254.30	6254.30	454	45.4	-15.2

AICPIN at 275 for the month of March 2017

Jan- 17	274	6254.30
Feb- 17	274	6254.30
Mar- 17	275	6277.12	6261.91	455	45.5	-13.3

AICPIN at 276 for the month of March 2017

Jan- 17	274	6254.30
Feb- 17	274	6254.30
Mar- 17	276	6299.95	6269.51	457	45.7	-11.4

Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2017 under X BPS/ Joint Note dated 25.5.2015

Indian Banks' Association has issued Circular regarding Increase in DA for Bank Employees and officers from February 2017

Indian  Banks' Association

HR & Industrial Relations
No.CIR/HR&IR/76/D/2016-1711996

February 1, 2017

All Members  of the Association
(Designated  Officers)

Dear Sirs,
Dearness  Allowance  for Workmen and Officer Employees  in banks  for the months of February, March  & April  2017 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960= 100) for the quarter ended December 2016 are as follows:-

October 2016	6345.60
November 2016	6322.77
December 2016	6277.12

The average CPI of the above is 6315 and accordingly the number of DA slabs are 469(6315-4440= 1875/4= 469  Slabs) The last quarterly Payment of DA was at 478 Slabs.  Hence there is a decrease in DA slabs of 9, i.e 469 Slabs for payment of DA for the quarter February, March & April 2017.

In terms of clause 7 of the 101h  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 February, March & April  2017 shall be 46.90  % 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,
K S Chauhan
Senior Vice President

Source : IBA

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

Bank Employees DA increased to 39.80% for Nov 2015 to Jan 2016

DA for Bank Employees : IBA issued orders for next quarter from Nov to Dec 2015

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2015-16/1572

October 31, 2015

All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December and January 2016 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:-

July, 2015 – 6003.21
August, 2015 – 6026.04
September, 2015 – 6071.69

The average CPI of the above is 6033. Consequently, Dearness Allowance payable to employees is for 398 slabs for the period November, December 2015 and January 2016 i.e. an increase of 34 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 November, December 2015 and January 2016 shall be 39.80% 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

PS : The DA Payable under IXth Bipartite Settlement/Joint Note dated 27.04.2010, is @ [119.85% (6033-2836)=3197/4] i.e 799 slabs @ 0.15% per slab).

Authority : www.iba.org.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