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Dearness Allowance @ 61.10% fot the months of February, March & April, 2019 for the Workmen and Officers Employees in Banks


Dearness Allowance @ 61.10% fot the months of February, March & April, 2019 for the Workmen and Officers Employees in Banks

Indian Bank's Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2018-19/6764
February 1, 2019

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 2019 under X BPS/ Joint Note dated 25.5.2015
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The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2018 are as follows:-
October 2018 – 6893.42
November 2018 – 6893.42
December 2018 – 6870.60
The average CPI of the above is 6885 and accordingly the number of DA slabs are 611 (6885-4440= 2445/4= 611 Slabs) The last quarterly Payment of DA was at 607 Slabs. Hence there is a increase in DA slabs of 4, i.e 611 Slabs for payment of DA for the quarter February, March & April 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 February, March & April 2019 shall be 61.10% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,
 
S K Kakkai
Senior Advisor (HR&IR)
 
DA-for-workmen-officers-in-banks-for-feb-mar-apr-2019
 
 
https://www.iba.org.in/circulars/dearness-allowance-for-workmen-and-officer-employees-in-banks-for-the-months-of-february-march-andamp-april-2019-under-x-bps-joint-note-dated-25-_557.html



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