Dearness Allowance for Workmen and Officer Employees in Banks @ 47.80% for the Months of Aug, Sept & Oct 2017 under X BPS

Dearness Allowance for Workmen and Officer Employees in banks @ 47.80% for the months of August, September & October 2017 under X BPS/ Joint Note dated 25.5.2015

Indian Banks' 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 (Base1960-100) 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 2017shall be 47.80 % of 'pay'. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

Sd/-
S K Kakkar
Senior Advisor 



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