Bank DA May to July 2020 @ 76.10% - IBA

Indian Banks’ Association

Expected DA 2020

Bank DA May to July 2020 @ 76.10% - IBA

HR & Industrial Relations

No.CIR/HR&IR/76/D/2020/01

May 1, 2020

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2020 under X BPS/ Joint Note dated 25.5.2015
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended March 2020 are as follows:-

January 2020 – 7532.55
February 2020 – 7486.90
March 2020 – 7441.24

The average CPI of the above is 7486.90 and accordingly the number of DA slabs are 761 (7486 – 4440= 3046/4= 761 Slabs) The last quarterly Payment of DA was at 759 Slabs. Hence there is an increase in DA slabs of 2 i.e. 761 Slabs for payment of DA for the quarter May, June & July 2020
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 May, June & July 2020 shall be 76.10 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S.K Kakkar
Senior Advisor (HR & IR)

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DA to Bank Employees & Officers from Feb to Apr 2018 under 19th BPS Joint Note

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 for payment of DA for the quarter February, March & April 2018.

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 February, March & April 2018 shall be 52.70% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,
sd/-

S K Kakkar
Senior Advisor (HR&IR)

Source: http://www.iba.org.in/

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Dearness Relief to Bank Pensioners from February 2018 to July 2018 - IBA Orders

Dearness Relief to Bank Pensioners from February 2018 to July 2018 - IBA Orders

Dearness Relief payable to Pensioners for the period February 2018 to July 2018

Indian Banks' Association

HR & Industrial Relations
No.CIR/HR&IR/D/G2/2017-18/4433

February 1, 2018

(Designated Officers of all Members Banks which are parties to the Bipartite Settlements on Pension

Dear Sirs,
Dearness Relief payable to Pensioners for the period February 2018 to July 2018
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

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.

Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 2018 to July 2018 as per Annexure.

Yours faithfully,
sd/-

S K Kakkar
Senior Advisor (HR&IR)

Authority: http://www.iba.org.in/

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Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June and July 2017 under X BPS/ Joint Note dated 25.5.2015

Indian Banks Association
HR & Industrial Relations

No.CIR/HR&IR/761D/2017-18/2625

April 29, 2017

All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June and July 2017 under X BPS/ Joint Note dated 25.5.2015 

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended March 2017 are as follows:

January 2017	6254.30
February 2017	6254.30
March 2017	6277.12

The average CPI of the above is 6261.91 and accordingly the number of DA slabs is 456 (6261.91-4440 = 1821.91/4= 456 slabs). The last quarterly payment of DA was at 469 slabs. Hence, there is a decrease in DA slabs of 13, i.e. 456 slabs for payment of DA for the quarter May, June and July 2017.

In terms of clause 7 of the 10^th 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 May, June and July 2017 shall be 45.60 % of 'pay'. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S/d,
Chauhan
Senior Vice President

Signed Copy

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Indian Banks Association has issued Circular regarding Increase in DA for Bank Employees and officers from February 2017

Indian Banks' Association has issued Circular regarding Increase in DA for Bank Employees and officers from February 2017

Indian  Banks' Association

HR & Industrial Relations
No.CIR/HR&IR/76/D/2016-1711996

February 1, 2017

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  2017 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960= 100) for the quarter ended December 2016 are as follows:-

October 2016	6345.60
November 2016	6322.77
December 2016	6277.12

The average CPI of the above is 6315 and accordingly the number of DA slabs are 469(6315-4440= 1875/4= 469  Slabs) The last quarterly Payment of DA was at 478 Slabs.  Hence there is a decrease in DA slabs of 9, i.e 469 Slabs for payment of DA for the quarter February, March & April 2017.

In terms of clause 7 of the 101h  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 February, March & April  2017 shall be 46.90  % 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,
K S Chauhan
Senior Vice President

Source : IBA

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Dearness Relief payable for the period February, 2015 to July 2015

Dearness Relief payable for the period February, 2015 to July 2015 to (a) surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.1986 retirees who are in receipt of Ex-gratia

Indian Banks’ Association
HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2014-15/1279

31st January 2015

Designated Officers of all Nationalised Banks and Associate Banks of State Bank of India

Dear Sirs,

Dearness Relief payable for the period February, 2015 to July 2015 to (a) surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.1986 retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Financial Services (Banking Division) letter F.No.11/2/2012-IR dated 17.12.13, the Dearness Relief payable to surviving pre 1.1.1986 retirees/surviving spouses of pre 1.1.86 retirees of banks for the period February to July 2015 will be as under :

Applicable CPI Average		Amountof Ex-gratia per month	Rate ofAmount of dearness Relief   Dearness Relief per month		Total Ex-gratia amount induding Dearness Relief per month
		Z	%            Z		Z
5774	Pre 1.1.86 retireesSurviving spouses of pre 1.1.86 retirees	350	866.31	3032	3382
		175	866.31	1516	1691

yours faithfully,

sd/-
K S Chauhan
Senior vice President

Source: http://www.iba.org.in/Documents/Cir_12790001.pdf

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Planning to bring all bank staff under 7th Pay Commission – Minister replied in Parliament

Planning to bring all bank staff under 7th Pay Commission – Minister replied in Parliament

Member of Parliament Shri M.P.Achuthan asked some questions regarding bank employees in Parliament and the concerned minister replied…

Covering bank employees under Seventh Pay Commission

(a) whether Government is considering a proposal to bring about 800,000 employees under Seventh Pay Commission;

(b) if so, the details thereof; and

(c) the reaction of the bank trade unions to this proposal and Government reaction thereto?
Minister of State in the Ministry of Finance Shri Jayant Sinha replied in a written form as under…

(a) to (c) No such proposal is under consideration of the Government.

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