Expected DA 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

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

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