Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2017 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 2017 under X BPS/ Joint Note dated 25.5.2015

Indian Bank’s Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2017-18/3312
August 1, 2017

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 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 June 2017 are as follows:-

April       2017    –    6322.77

May       2017      –   6345.60

June      2017      –   6391.25

The average CPI of the above is 6353.21 and accordingly the number of DA slabs is 478 (6353.21-4440 = 1913.21/4= 478 slabs). The last quarterly payment of DA was at 456 slabs. Hence, there is a increase in DA slabs of 22, i.e. 478 slabs for payment of DA for the quarter August, September & October 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 August, September & October 2017 shall be 47.80 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S/d,
S.K.Kakkar
Senior Advisor

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