Dearness allowance orders issued by Indian Banks’ Association to bank worker and officers for the month of August, September and October 2019 under X BPS.

Dearness allowance calculation for bank employees is slightly different from the Central Government employees’ DA calculation. Bank DA is still calculate depends on the old CPI base year 1960=100. So, conversion needed to old to new CPI for Average index. [Click to know more about calculation]

The below table shows the calculation method for the month of August, September and October 2019…

As per the settlement of 10th Bipartite, the rate of Dearness allowance payable to workmen and officers for the months of August, September and October 2019 will be 68.10% of Pay.Similar Posts:

• DA for Bank Employees – IBA Circular issued on 3.8.2015 for Aug, Sep & Oct 2015
• DA for Bank Employees for Aug, Sep & Oct 2017 as per 10th BPS
• DA for Bank Employees and Pensioners from Aug 2018
• DA for Bank Employees : IBA issued orders for next quarter from Nov to Dec 2015
• Bank Employees DA – Orders issued for May, June and July 2015 by IBA

The confirmed All India Average consumer Price Index Numbers for Industrial workers (Base 1960=100) for the quarter ended June, 2016 are as follows:-

April 2016 – 6185.82
May 2016 – 6277.12
June 2016 – 6322.77

In terms of Regulation 37 of Bank Employees ‘Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.

Click to view all the orders regarding DA and DR issued by IBA

Dearness Relief payable to Pensioners for the period august 2016 to January 2017

Dearness Relief payable for the period August 2016 to January 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2016 under X BPS/Joint Note dated 25.05.2015

Similar Posts:

• Dearness Relief to Bank Pensioners for the period Aug 2017 to Jan 2018 – IBA Circular
• DR for Bank Pensioners for the period August 2017 to January 2018 – IBA Circular
• Dearness Relief payable for the period February to July, 2016 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia
• Dearness Relief payable to Pensioners for the period February to July, 2016 – IBA
• Dearness Relief to Bank Pensioners from February 2018 to July 2018 – IBA Orders

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2015-16/1572

October 31, 2015

All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of Novermber, December and January 2016 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:-

July, 2015 – 6003.21

August, 2015 – 6026.04

September, 2015 – 6071.69

The average CPI of the above is 6033. Consequently, Dearness Allowance payable to employees is for 398 slabs for the period November, December 2015 and January 2016 i.e. an increase of 34 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 November, December 2015 and January 2016 shall be 39.80% 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

PS : The DA Payable under IXth Bipartite Settlement/Joint Note dated 27.04.2010, is @ [119.85% (6033-2836)=3197/4] i.e 799 slabs @ 0.15% per slab).

Authority : www.iba.org.in

Similar Posts:

• IBA Circulars on Dearness Allowance for the months of Nov, Dec and Jan 2017
• DA to Bank Employees & Officers from Feb to Apr 2018 under 19th BPS Joint Note
• IBA Circular on DA for Bank Staff
• IBA Orders on DA : Increase in DA Slabs of 34 – 64.50 % May to July 2019
• DA for Bank Staff and Officers from Nov 2018 to Jan 2019

Bank D.A. for Nov’14 onward : Hike of 49 slabs.

Consequent upon the release of All India Consumer Price Index Numbers for Industrial workers(AICPIN) Base Year 2001=100 for the month of September’14. by the Ministry of Labour and Employment to day,which stood at 253 points without any change while compared to August figure,the confirmed average AICPIN(IW) Base 1960=100 for the quarter will be as follows:

Source: http://paycommissionupdate.blogspot.in/Similar Posts:

• Bank DA Expected to Go Up with 65 Slabs
• Bank DA to increase 33 slabs, Pensioners to get 17 slabs more from August 2014
• AICPIN for October 2016
• CPI (IW) Table May 2019 – How to calculate AICPIN?
• DA for Bank Employees – 6 Slabs less from May, 2016

After the last BPS talks on 13th June ’14, with IBA , there was a dead lock in talks.

Now as per information, the next round of talks on 10th BPS with IBA by bank Unions (UFBU) will be held on on 17th Sept. 2014, at Mumbai at 2 PM. UFBU will be meeting on the morning of same day.

IBA officials are also called by DFS, Ministry of Finance for a meeting on 8th Sept. 2014 at New Delhi.

Source: www.paycommissionupdate.blogspot.in

Similar Posts:

• 11th Bipartite Settlement Updates
• 11th Bipartite: Wage Negotiation with IBA on 5th May 2018
• Next Bank Bipartite Meeting on 30.11.2018
• Next round of Bipartite Talks between IBA and UFBU will be held on 26.9.2014
• Bank Wage Revision (11th BPS) – Next Meeting with IBA on 29.9.2018