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)
(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
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
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
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