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
Dearness Allowance @ 61.10% for February, March & April 2019 i.r.o. Workmen and Officer Employees in banks Indian Banks’ 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 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 clau...
