DA for Bank Employees and Pensioners from August, September and October 2018 under 10th BPS Dearness Allowance for Workmen and Officer Employees in Banks for the month of August, September and October 2018 under 10th 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 2018 are as follows… April 2018 – 6573.86 May 2018 – 6596.69 June 2018 – 6642.34 The average CPI of the above is 6604.29 and accordingly the number of DA slabs is 541 (6604.29 – 4440 = 2164.29 / 4 = 541 Slabs). In the last quarter, payment of DA was at 529 slabs. Hence, there is an increase in DA Slabs of 12, i.e. 541 slabs for payment of DA for the quarter August, September and October 2018. In therms 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 to workmen and officer employees for the months of August, Sep...

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, M...

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...

 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.